With increased overseas investment and partnership, India's digital gaming industry is growing rapidly. One of the top five countries for mobile gaming in the world, this sector is already worth over $890 million and is rapidly approaching the $1 billion mark. Currently, the country has more than 250 game development companies,...
Amazon India to Launch Online Grocery Marketplace
With the Government of India's approval to invest $500 million in its food retail business, Amazon India will soon commence its online grocery and food retail division. Amazon has almost doubled its authorized capital to $4.74 billion matching its earlier capital commitment of $5 billion made in June, 2016. The...
U.S., India, China, Lead in Artificial Intelligence
Malcolm Frank, head of strategy at IT firm Cognizant, headquartered in Teaneck, New Jersey, told CNNMoney that the United States, India, and China are far ahead of anyone else in artificial intelligence. In America, Amazon, Facebook, Google, and Tesla are investing billions of dollars to substitute for people in sectors such...
Flexible Office Concepts Gain Traction in India
To set up its presence in India, China's e-commerce firm Alibaba rented 30 seats in a flexible office in Bangalore. The deal for the dedicated seats or private studios is with co-working community venture CoWrks one of the largest commercial real estate developers in the country. Sidharth Menda, CEO at...
Why is China's Alibaba Investing in India’s e-Commerce Market?
The number of smartphone-using Indians runs into millions and they are the key growth drivers of India’s burgeoning e-commerce sector. Quartz quotes technology consultancy firm Forrester Research which reports that by 2016, more online commerce consumers will make their purchases from mobile phones, instead of desktops, and by 2019, the...
Northwest Venture Partners Predicts that 2015 is India's Year
Sergio Monsalve, a partner with Norwest Venture Partners, opines in Fortune that for international and emerging market ventures, 2015 will be the year of India. He mentions that Brazil, Russia, India, and China all had been developing and maturing very impressive Internet properties in the last few years, and some...