E-commerce

With its offline foray, Snapdeal has joined a slew of consumer internet companies that are going omnichannel to fuel growth and capture a larger share of the market.

The super app will soon allow users to share listings of goods on e-commerce sites run by other companies.

The online retailer faces economic headwinds on slowing consumer demand.

Purplle earns 70–80% of revenues from tier-2 and tier-3 consumers living in suburban areas and smaller cities.

Sea Group doubled revenues in Q3, but it also reported a 34% increase in net losses.

This round brings Ula’s total Series B investment to USD 110 million.

Major platforms highlighted sustainability efforts instead of sales numbers during the world’s largest shopping event.

Singapore group’s market cap doubles despite losses, chasing Alibaba, Tencent.