The G-20 forum has asked member countries to report on their readiness to engage in digital trade; it also seeks suggestions from them on how the WTO can promote e-commerce and measure the digital economy. “The German G-20 presidency aims to develop a conceptual framework for measuring cross-border digital trade,”...
e-Commerce Propels Adobe India's Growth
The newly appointed Adobe, South Asia, Managing Director, Kulmeet Bawa said in an interview with the Economic Times, "We took the e-commerce sector, which was a low-hanging fruit for us, and signed in the players like Flipkart, Snapdeal and other big names. We then started replicating the same model to...
Amazon: India Will Be its Biggest International Market in a Decade
According to Forbes, Amazon perceives the India e-commerce market as a whole to be an opportunity which will be measured in trillions of dollars, and that India will be its biggest market after the U.S. within a decade. (According to a Goldman Sachs report, the Indian e-commerce market will be...
India’s Digital Commerce Market to Touch $128 Billion by 2017
A joint study by Deloitte and ASSOCHAM, the Associated Chambers of Commerce of India says that the digital commerce market in the country is likely to touch $128 billion in 2017 , compared to $42 billion this year. "Increasing mobile and Internet penetration, m-commerce sales, advanced shipping and payment options,...
E-Commerce Start-Up Goodbox Gets $2.5 Million Funding
Goodbox, a start-up based in Bangalore, raised a $2.5 million Series A from Nexus Venture Partners. This company allows small and medium businesses such as supermarkets, restaurants, and service providers like movers, salons, and laundry chains to use its partner app for their ecommerce requirements. Goodbox charges each vendor $16...
Amazon India Localizes
With increasing awareness, and Internet penetration in India, e-commerce is blooming. Currently, Amazon India has launched bookstores in Hindi, Kannada and Tamil – three regional languages in India. The Hindi bookstore was launched in April 2014 with over 23,000 titles. It offers a vast selection of genres ranging from literature,...