By Nivedita Bhattacharjee MUMBAI (Reuters) – Indian e-commerce firms are offering funding help and tech support to woo small retailers, emulating a strategy used by Chinese online retail giant Alibaba Group Holding Ltd to expand into the towns and villages home to the majority of consumers. India’s biggest e-tailers such as Flipkart, Snapdeal and the local arm of Amazon.com Inc are online marketplaces, with commission from sellers accounting for the
German e-commerce investor Rocket Internet aims to list the shares in two of its holdings, Global Fashion Group and Global Online Takeaway Group, eight months after its own initial public share offer, monthly Manager Magazin said. Rocket Internet declined to comment on the report. While Berlin-based Rocket sees itself as building an e-commerce operating empire, some investors see it as a launchpad for future stock market listings of everything from
By Edward Taylor and Arno Schuetze FRANKFURT (Reuters) – Germany’s premium automakers Mercedes, Audi and BMW have teamed up with private equity firm General Atlantic to raise their chances of clinching Nokia’s map unit HERE, two people familiar with the matter said. After announcing a 15.6 billion euro takeover of network equipment maker Alcatel Lucent, Finland’s Nokia last month started a strategic review of its maps business, setting in motion
By Eric Auchard FRANKFURT (Reuters) – Traffic jams in the future could cause potentially dangerous data snarl-ups as cars packed with entertainment, safety and navigation features vie for airwaves with smartphones, tablets and networked features in other vehicles, according to a study. Connected cars with onboard Wi-Fi connections could cause spikes in cellular data demand when traffic grinds to a halt as drivers seek alternative routes and bored passengers search
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Shake Shack is considering the launch of a Chick-fil-A killer, according to a company filing, and has filed an application to trademark the name “chicken shack.”
McDonald’s CEO Steve Easterbrook is set to make his debut before shareholders at the company’s annual meeting Thursday at a time when the chain is facing declining sales and ongoing protests over worker …
Lumber Liquidators Holdings Inc., under federal investigation over allegations that it sold toxic flooring, said Chief Executive Officer Robert Lynch unexpectedly resigned from his post. Company founder …
Sales of existing U.S. homes slipped in April due to relatively few listings and rising prices, a trend that could weigh on the recovering housing market.
Goldman Sachs is out with its latest “Hedge Fund Trend Monitor,” shedding light on which stocks the “smart money” is flowing into.