Category: Internet

India’s Flipkart looking to raise $1 billion in latest funding round, says source: Reuters

India’s top e-commerce company Flipkart is holding talks with investors to raise up to $1 billion in one of its biggest funding rounds so far, a source familiar with developments said on Wednesday. The source declined to name the potential investors and the exact valuation Flipkart was looking for, but said it hoped the valuation would be in the “double digits”, referring to a valuation of $10 billion or more.

India’s Flipkart looking to raise $1 billion in latest funding round, says source: Reuters

India’s top e-commerce company Flipkart is holding talks with investors to raise up to $1 billion in one of its biggest funding rounds so far, a source familiar with developments said on Wednesday. The source declined to name the potential investors and the exact valuation Flipkart was looking for, but said it hoped the valuation would be in the “double digits”, referring to a valuation of $10 billion or more.

India’s Flipkart looking to raise $1 bln in latest funding round – source

India’s top e-commerce company Flipkart is holding talks with investors to raise up to $1 billion in one of its biggest funding rounds so far, a source familiar with developments said on Wednesday. The source declined to name the potential investors and the exact valuation Flipkart was looking for, but said it hoped the valuation would be in the “double digits”, referring to a valuation of $10 billion or more.

UPDATE 1-Deutsche Post eyes further profit growth after record year

BERLIN, March 8 German postal and logistics company Deutsche Post DHL said it expected profit to rise by just over 7 percent this year as it reported annual results on Wednesday, driven by booming demand for parcel deliveries thanks to people shopping online. Europe’s biggest postal group said it delivered a record 1.2 billion parcels in Germany last year, a 9.2 percent increase on 2015, taking its market share to 45 percent from 43.7 percent in 2016.

US Senate resolution aims to roll back privacy rules for ISPs

A resolution introduced in the U.S. Senate on Tuesday aims to roll back privacy rules for broadband service providers that were approved by the Federal Communications Commission in October. The rules include the requirement that internet service providers like Comcast, AT&T, and Verizon should obtain “opt-in” consent from consumers to use and share sensitive personal information such as geolocation and web browsing history, and also give customers the option to opt out from the sharing of non-sensitive information such as email addresses or service tier information.

ShipStation Launches ShipStation University for E-Commerce Shippers

ShipStation University is our chance to educate and train our customers on the intricacies of ShipStation, to help them take advantage of new features to be able to ship more efficiently. ShipStation, the leading web-based e-commerce shipping solution, today announced the launch of ShipStation University, a live educational training event for e-commerce sellers to learn how to ship orders efficiently.

OTA Details the Shared Responsibility of Businesses, Consumers and…

The Online Trust Alliance , the non-profit with the mission to enhance online trust, today released its fourth in a series of vision papers entitled ” Securing the Internet of Things; A Collaborative and Shared Responsibility .” The report, released in recognition of National Consumer Protection Week , outlines the imperative actions that businesses, consumers and government must take to ensure the security, privacy and vitality of Internet of Things devices.

Snapdeal reduces payment time to sellers by 40 pct

New Delhi , Mar 7 : Snapdeal today announced a major benefit for its sellers by reducing its seller payment cycle by 40 percent, thereby becoming the e-commerce platform that offers the fastest payment schedule in the country. Snapdeal’s announcement is a welcome move for the 3,00,000 sellers on its platform.

Deluxe Barware Glasses Adds New and Improved Feature to Best-Selling Whiskey Glass Set

International company specializing in designing and manufacturing whiskey glasses, Deluxe Barware Glasses has just announced in a press conference that they have just added a new and improved feature to their best-selling whiskey glass set https://www.amazon.com/dp/B01IVTGF0A . This improved version of their product was conceptualized, designed and manufactured in Ireland, Europe.

W3C Completes Bridge between HTML/Micro-fomats and Semantic Web

The Standards News Portal is updated on a daily basis to bring you the most important news about standards – how they are created, how they affect you – and who’s doing what to whom. The Standards News Portal was launched in February 2002 and currently contains 8422 categorized, searchable articles, perhaps the largest archive of its type in existence.

FOIA Uncovers Part of U.K. Shadow Regulation on Search Engines and Copyright

Last month we wrote about the adoption of a new secret agreement between copyright holders and the major search engines, brokered by the U.K. Intellectual Property Office, aimed at making websites associated with copyright infringement less visible in search results. Since the agreement wasn’t publicly available, we simultaneously issued a request under the U.K.’s Freedom of Information Act , asking for a copy of the text.

Snapdeal reduces payment time to sellers by 40 percent

New Delhi , Mar 6 : Snapdeal on Monday announced a major benefit for its sellers by reducing its seller payment cycle by 40 percent, thereby becoming the e-commerce platform that offers the fastest payment schedule in the country. Snapdeal’s announcement is a welcome move for the 3,00,000 sellers on its platform.

More than a million Gmail and Yahoo account credentials on sale

Usernames, email addresses and plaintext passwords of more than a million Yahoo and Gmail accounts are reportedly on sale on the dark web, posing a threat to corporate security Login credentials and other personal information linked to more than a million Gmail and Yahoo accounts is reportedly being offered for sale in a dark web marketplace. By submitting my Email address I confirm that I have read and accepted the Terms of Use and Declaration of Consent.

Taobao tightens rules over sale of books and magazines published outside China

Taobao, the e-commerce platform operated by Alibaba Holdings, has tightened rules over the resale of books and magazines published overseas on the online marketplace. Starting March 10, Taobao merchants who offer daigou services, the purchasing of books on behalf of customers, or sell such items via their online shops, will be penalised by Taobao, the company said in a notice posted on Friday.

Oriental Patron’s US$435m fund with Magsun aims to nurture Internet giants in China

Hong Kong-listed Oriental Patron Financial Group has teamed up with mainland China’s private equity group Magsun Capital to launch a 3 billion yuan fund with ambitions to create internet-based corporate behemoths in the Chinese market. The fund is aiming to invest in industries such as nursing services for the ageing population, home improvements, education, medical services, e-commerce and finance.

China’s online boycott puts Lotte in cross hairs amid THAAD row

China’s e-commerce platforms are spearheading an anti-Lotte campaign amid Sino-Korean tensions over US-backed THAAD system Lotte, the Japanese-Korean conglomerate with businesses from confectionery to malls, has found itself in the cross hairs of China’s nationalist mobs last week as online shoppers and internet trolls launched a boycott of the brand for allowing a US missile defence system to be placed on a plot of Lotte land in South Korea. Responding to the coordinated boycott, some brick-and-mortar retailers and online shopping platforms have removed everything under the Lotte brand – from cosmetics to candies – from their physical and digital shelves.

It’s a Man’s World

An Indian who was among the international tech world’s most high profile executives was sacked from Uber for not disclosing a sexual harassment claim made at his previous job. Amit Singhal had just joined Uber after 15 prolific years in Google and has said in a statement, that he had left of his own free will.

Three paradoxes of digitalisation

An e-commerce boom is rapidly unfolding in several Asean member states, including Indonesia, Thailand, Myanmar, Singapore, the Philippines and Vietnam. A 2016 report titled “E-Conomy SEA ” by Singaporean sovereign fund Temasek and Google pegs e-commerce in Asean to rise to US$8.78 billion by 2025.

Secret Netflix Codes to Unlock Thousands of Hidden Categories

Netflix, Inc. uses a special algorithm to help you find movies and shows based on what you have previously watched as well as what you regularly watch. You can secret codes to find movies from sub-genre that the Netflix search engine would not normally allow you to see, according to report from Mom Deal .

Cisco Unveils New Firewall Lineup

We just wanted to let you know that our site content is, of course, available to you absolutely free of charge. Our ads are the only way we have to be able to bring you the latest high-quality content, which is written by professional journalists, with the help of editors, graphic designers, and our site production and I.T. staff, as well as many other talented people who work around the clock for this site.

Cisco Unveils New Firewall Lineup

We just wanted to let you know that our site content is, of course, available to you absolutely free of charge. Our ads are the only way we have to be able to bring you the latest high-quality content, which is written by professional journalists, with the help of editors, graphic designers, and our site production and I.T. staff, as well as many other talented people who work around the clock for this site.

RM Innovation Launches E-Commerce for Beverly Hills Fine Rugs, Rug Expo

After years of success providing industry-leading software for retailer’s brick and mortar stores, RM Innovation is now launching E-commerce sites crafted specifically for the Rug and Home Furnishings industry. As of today, they have already partnered with many top retailers in the industry to create their E-commerce websites, including the recent site launches of The Rug Place, Rug Expo, Beverly Hills Fine Rug, and more.

Proximity Now The Most Important Ranking Factor for Local Searches.

Whitespark, a team of SEO experts focused on local search, has noticed something big: proximity to the searcher is now the #1 ranking factor for local search pack results. What defines a local search? Think of local searches as searches on a search engine for something you’d traditionally look up in the yellow pages, usually for a place you’d like to physically go .

Investors see Snap’s IPO as ‘too big to fail’

A banner for Snap Inc hangs on the facade of the New York Stock Exchange on the morning of the company’s IPO in US. Photo: Reuters/File Institutional investors anxious not to be left out of this year’s marquee initial public offering helped Snap Inc pull off the biggest US-listed technology share sale this week since Chinese e-commerce juggernaut Alibaba Group Holding Inc smashed records in 2014.

Malls are digging their own graves by helping Amazon

When will retailers learn that Amazon.com is not their friend? Over and over again, retailers think that by partnering with the e-commerce king, they’ll benefit through some sort of halo effect that will allow the tremendous traffic Amazon drives to trickle down to them and boost their own sales. Rarely, though, does it seem to ever happen, and Amazon continues to undermine its competition in the process.

Alibaba invests in Paytm; paves way for formal India entry

Chinese e-commerce giant Alibaba will invest in Paytm E-Commerce Pvt Ltd, paving the way for Alibaba’s formal entry into India’s fast-growing e-commerce market. Investment firm SAIF Partners will also increase its stake in Paytm E-Commerce, the demerged unit of digital payments company, One 97 Communications that operates under Paytm brand.