#ECommerce 📦CAIT says #Shopee stating it'll send shock waves through the offline traders' community yet to recover from the "unfair trade practices adopted by foreign-funded e-commerce companies".
https://www.moneycontrol.com/news/business/startup/shopees-entry-will-send-shockwaves-among-offline-traders-cait-7473991.html?utm_source=telegram&utm_medium=social
https://www.moneycontrol.com/news/business/startup/shopees-entry-will-send-shockwaves-among-offline-traders-cait-7473991.html?utm_source=telegram&utm_medium=social
Moneycontrol
Shopee's entry will send shockwaves among offline traders: CAIT
The CAIT has asked Prime Minister Narendra Modi to look into the entry of Shopee stating that it will send shock waves to the offline traders' community which is yet to recover from the "unfair trade practices adopted by foreign-funded e-commerce companies".
#MCExclusive ⚡️ #Shopee clocks 100,000 orders a day in India and has over 1 million app installs on the Google Play Store. Industry sources say #Amazon & #Flipkart average 2-2.5 mn orders per day.
Read https://www.moneycontrol.com/news/business/startup/exclusive-singapores-shopee-clocks-over-100000-orders-a-day-in-india-emerges-as-amazon-flipkart-challenger-7758731.html?utm_source=telegram&utm_medium=social
Read https://www.moneycontrol.com/news/business/startup/exclusive-singapores-shopee-clocks-over-100000-orders-a-day-in-india-emerges-as-amazon-flipkart-challenger-7758731.html?utm_source=telegram&utm_medium=social
Moneycontrol
EXCLUSIVE: Singapore's Shopee clocks over 100,000 orders a day in India, emerges as Amazon & Flipkart challenger
From sticky traps for rats to brass necklaces to Hello Kitty mobile covers, Shopee is heavily focusing on unbranded and fast fashion products besides popular categories like electronics and smartphones in India.
#ICYMI: #Shopee, within weeks of a soft launch clocked 100K orders a day in India, & has over 1 mn app installs on the Google Play. Industry sources say #Amazon & #Flipkart average 2-2.5 mn orders per day.
https://moneycontrol.com/news/business/startup/exclusive-singapores-shopee-clocks-over-100000-orders-a-day-in-india-emerges-as-amazon-flipkart-challenger-7758731.html?utm_source=telegram&utm_medium=social
https://moneycontrol.com/news/business/startup/exclusive-singapores-shopee-clocks-over-100000-orders-a-day-in-india-emerges-as-amazon-flipkart-challenger-7758731.html?utm_source=telegram&utm_medium=social
Moneycontrol
EXCLUSIVE: Singapore's Shopee clocks over 100,000 orders a day in India, emerges as Amazon & Flipkart challenger
From sticky traps for rats to brass necklaces to Hello Kitty mobile covers, Shopee is heavily focusing on unbranded and fast fashion products besides popular categories like electronics and smartphones in India.
#Shopee is violating norms as it has entered India without seeking a govt approval despite having a Chinese investor: CAIT to Ministry of Finance, Government of India
Read at
https://www.moneycontrol.com/news/business/startup/shopee-violating-fdi-norms-with-chinese-affiliations-cait-alleges-7831671.html?utm_source=telegram&utm_medium=social
Read at
https://www.moneycontrol.com/news/business/startup/shopee-violating-fdi-norms-with-chinese-affiliations-cait-alleges-7831671.html?utm_source=telegram&utm_medium=social
Moneycontrol
Shopee Violating FDI Norms With 'Chinese' Affiliations, CAIT Alleges
In November, Moneycontrol was the first to report that Shopee had launched its operations in India and was clocking 1,00,000 orders on a daily basis.
#StartupsWithMC | Uttar Pradesh police has filed an FIR against Singapore-headquartered #Shopee's four executives including the India head for selling counterfeit products. Shopee entered India late last year.
Priyanka Sahay brings us the details 👇
https://www.moneycontrol.com/news/business/startup/exclusive-up-man-claims-shopee-selling-fake-products-cops-issue-fir-against-the-south-east-asian-firm-7982111.html?utm_source=telegram&utm_medium=social
Priyanka Sahay brings us the details 👇
https://www.moneycontrol.com/news/business/startup/exclusive-up-man-claims-shopee-selling-fake-products-cops-issue-fir-against-the-south-east-asian-firm-7982111.html?utm_source=telegram&utm_medium=social
Moneycontrol
Exclusive: UP man claims Shopee selling fake GUCCI, Prada products, cops issue FIR against the South East Asian firm
The FIR has been issued against Ankit Upadhyay who is heading the India business, Sriram Grivasan, grievance officer, and two directors -- Ashok Gupta and Jayant Goyal besides SPPIN India Pvt Ltd, the registered entity of Shopee in India.
Even as Garena Free Fire made it to the list of banned apps in India, all eyes are now on #Shopee, which entered the country just last year.
Read more at ⬇️
https://www.moneycontrol.com/news/business/startup/government-bans-sea-groups-garena-but-what-about-shopee-8096771.html?utm_source=telegram&utm_medium=social
Read more at ⬇️
https://www.moneycontrol.com/news/business/startup/government-bans-sea-groups-garena-but-what-about-shopee-8096771.html?utm_source=telegram&utm_medium=social
Moneycontrol
Government bans SEA Group's Garena, but what about Shopee?
A local traders’ body is fuming over the government's "miss" at a time when the Tencent-backed firm has made more headlines for protests against it rather than its business metrics
#ChineseAppBan | Several sellers are wondering if they should take inventory off #Shopee amid mounting uncertainty. They fear an overnight ban on Shopee.
Read at 👇https://www.moneycontrol.com/news/business/chinese-app-ban-sellers-mull-pulling-inventory-as-shopee-confronts-an-uncertain-future-in-india-8122401.html?utm_source=telegram&utm_medium=social
Read at 👇https://www.moneycontrol.com/news/business/chinese-app-ban-sellers-mull-pulling-inventory-as-shopee-confronts-an-uncertain-future-in-india-8122401.html?utm_source=telegram&utm_medium=social
Moneycontrol
Chinese App Ban: Sellers mull pulling inventory as Shopee confronts an uncertain future in India
India's ban on SEA Group's gaming app Garena Free Fire spooks sellers on its e-commerce site
#Shopee will be ceasing operations in India from tomorrow. It is still advertising a sale event on April 4. Transition plans are still not clear at the firm, sources tell Vikas SN & Sanghamitra Kar
Read more at:
https://www.moneycontrol.com/news/business/shopees-short-lived-india-foray-to-end-on-march-29-amid-mounting-pressure-from-local-retailers-8285861.html?utm_source=telegram&utm_medium=social
Read more at:
https://www.moneycontrol.com/news/business/shopees-short-lived-india-foray-to-end-on-march-29-amid-mounting-pressure-from-local-retailers-8285861.html?utm_source=telegram&utm_medium=social
Moneycontrol
Shopee's short-lived India foray to end on March 29, amid mounting pressure from local retailers
Shopee is still advertising a sale event on April 4, at the time of writing this article. Offer letters were also being released till last week, indicating that the transition plans are still not clear at the firm, sources told Moneycontrol.