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Every second smartphone in India is sold through online platforms: Report Flipkart led the overall online market with a 57 per cent share Current Affairs :On account of new dispatches and forceful sell in front of yearly online deals like Flipkart’s Big Billion and Amazon’s Great India merry season deal, each second telephone in the nation is presently sold through online stations, said another report on Thursday. With 55 percent year-on-year development, cell phone shipments in the online channel arrived at their most noteworthy ever portion of 46 percent during the second from last quarter of this current year, as indicated by the most recent research from Counterpoint’s Market Monitor administration. Flipkart drove the general online market with a 57 percent share, while Amazon became more than 75 percent year-over-year to catch 33 percent share inside by and large online channels. Inside cell phone brands, Xiaomi held the top spot in the online channels, with 38 pe...

China regulator warns e-commerce platforms to stop monopolistic practices Regulator’s move comes as Alibaba’s Tmall marketplace has in recent weeks been accused by number of competitors and merchants of adopting such practice, which is also known as choosing one from two Current Affairs :China has cautioned top internet business stages including Alibaba and JD.com to stop rehearses that could be considered as monopolistic, as industry contacts develop in front of the nation’s standard Singles Day shopping occasion on November 11. State news organization Xinhua provided details regarding Tuesday that China’s State Administration for Market Regulation (SAMR) called in excess of 20 stages to a gathering and asked them to stop a training that expects vendors to consent to selective collaboration arrangements keeping them from selling items on rival stages. The controller’s move comes as Alibaba’s Tmall commercial center has lately been blamed by a number for contenders and t...

Predatory pricing: Goyal summons Amazon, Flipkart to discuss CAIT complaint CAIT says there must be a govt audit of how e-commerce portals function, including the business done by sellers and their authenticity Current Affairs :The initiative of internet business goliaths Flipkart and Amazon India has been called by Commerce and Industry Minister Piyush Goyal for a gathering on Thursday to talk about charges against them by the Confederation of All India Traders (CAIT). The merchant body met him on Wednesday with what it said was proof of ‘profound limiting and ruthless evaluating’ by both the elements at their ongoing happy season deal. As indicated by sources, the priest had prior intended to meet Amazon India and Flipkart half a month later. Be that as it may, after a CAIT designation met Goyal with ‘confirmation’, the pastor assembled the conference on Thursday. A Delhi-based body, CAIT depicts itself as a chief agent of little and medium-size dealers. It has been a ...