monthly-online Archives

India’s Flipkart to double value of goods sold as demand surges

February 12, 2015 publisher india, million-users, monthly-online, require-estate, says-it-sends, slipped-behind, world, zoopla-property

By Nivedita Bhattacharjee MUMBAI (Reuters) – Flipkart aims to double the total value of goods it sells to $8 billion this year, two people with knowledge of the plans said, as India’s largest online marketplace seeks to widen the gap with rivals including Amazon.com’s India unit. Online retailers often use GMV, or gross merchandise value based on monthly online sales, as a measure of performance, as they typically make revenues from the commissions they get from sellers. Flipkart’s current GMV is $4 billion, the sources said, declining to be named as they were not authorized to speak to the media

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European business group slams China’s Internet controls

February 12, 2015 creative chamber, china, computer-screen, crucial-market, million-people, million-users, monthly-online, showing-binary, the-beginning, their-business

China's Internet curbs are isolating it from the world and having a “highly detrimental” impact on business, a European lobby said on Thursday, in an unusually strong statement by a foreign business chamber. With a population of 1.4 billion and 632 million people online, China offers a crucial market for multinational firms.