e-commerce, flipkart

Two weeks ago, an India-based video blogger Khushi Sharma uploaded a video on YouTube titled Shopee Haul. She snagged a wall hanging priced at Rs 499 for Rs 9, a data cable priced at Rs 1,199 for Rs 9, an Apple lightning cable priced at Rs 2,999, again for Rs 9 – all on the newly launched Shopee India app.

If you thought Indian e-commerce was over the hump when it comes to deep discounting and flash sales, think again. Singapore’s Shopee, which launched with zero fanfare barely a month ago, has left industry watchers astounded even as it draws customers from India’s intensely competitive e-commerce market at a fast clip.

TECH NEWS RELATED

Quick-commerce startup YallaMarket eyes Saudi Arabia and Qatar next year after U.A.E expansion

YallaMarket, a Dubai-based quick-commerce startup, is planning to expand within the United Arab Emirates (U.A.E), and to enter Saudi Arabia and Qatar next year, to tap the appetite for speedy and convenient grocery shopping. The startup, which was formally launched last month, is expanding in the U.A.E cities of ...

View more: Quick-commerce startup YallaMarket eyes Saudi Arabia and Qatar next year after U.A.E expansion

Panasonic confirms data breach after hackers access internal network

Japanese tech giant Panasonic has confirmed a data breach after hackers gained access to its internal network. Panasonic said in a press release dated November 26 that its network was “illegally accessed by a third party” on November 11 and that “some data on a file server had been ...

View more: Panasonic confirms data breach after hackers access internal network

Final call for Sight Tech Global Dec. 1-2

The second annual Sight Tech Global happens this week, on December 1-2, and this free, virtual event is incredibly packed with insights about how rapid advances in technology are fostering an accessibility revolution for people who are blind or have low vision. Register today. All the sessions have been pre-recorded, ...

View more: Final call for Sight Tech Global Dec. 1-2

Happy Cyber Monday: Score 2-for-1 passes to TC Sessions Space 2021

Kicking yourself for missing out on our Black Friday sale? Welcome to our no-regrets 2-for-1 Cyber Monday deal on passes to TC Sessions: Space 2021. Buy your pass before this sale expires on November 29 at 11:59 pm (PT), and you’ll score a second pass free. Pro Tip: Use ...

View more: Happy Cyber Monday: Score 2-for-1 passes to TC Sessions Space 2021

Black Friday data adds to evidence e-commerce growth is slowing

Since the onset of the COVID-19 pandemic, e-commerce has been on a tear. Lockdowns, a move to remote work and other impacts of COVID pushed a great number of global citizens to spend more of their money online through e-commerce sites and on-demand services. For companies like Shopify, the period ...

View more: Black Friday data adds to evidence e-commerce growth is slowing

Student media giant Chegg acquires language learning startup Busuu for $436M

Chegg, the NYSE listed student media learning platform is acquiring Busuu, the online language learning startup established in Europe in 2008, for approximately $436 million (€385 million) in an all-cash transaction. At its exit Busuu had raised only $16.1m in total, a tiny amount even I in European terms, ...

View more: Student media giant Chegg acquires language learning startup Busuu for $436M

Stellantis locks in lithium supply agreement to secure EV battery materials

Stellantis, the global corporation formed through a merger between Fiat Chrysler Automobiles and French automaker Groupe PSA, signed a binding agreement with a lithium producer as more automakers look to secure key parts of the battery supply chain. The agreement is one in a flurry of deals between automakers ...

View more: Stellantis locks in lithium supply agreement to secure EV battery materials

Upbound nabs $60M to grow its open source Crossplane multi-cloud management project

Companies today want to avoid the lock-in they faced in the past with a single vendor. As a result, they are hedging their bets with a multi-cloud strategy, but this creates a new problem around finding a single tool for managing it all. That’s where Upbound comes in with ...

View more: Upbound nabs $60M to grow its open source Crossplane multi-cloud management project

Chegg acquires language learning platform Busuu for $436 million

Francisco Partners flips Quest Software to Clearlake Capital in deal reportedly worth $5.4B

eBay acquires the sneaker authentication business from partner Sneaker Con Digital

Everything riding on Cyber Monday as online sales on Black Friday deliver mixed results

Equity Monday: New unicorns kick off the week as India get cross with Starlink

Jack reportedly stepping down from Twitter CEO role

Balance and Pokémon UNITE top Google Play’s ‘Best of 2021’ Awards

Melbourne-based mobile ordering platform Mr Yum lands $65M led by Tiger Global

Particular Audience takes in $7.5M to give retailers way to take on Amazon

Bolt makes first acquisition with Tipser, launches ‘Remote Checkout’

Thought Machine closes $200M for its cloud native banking SaaS and becomes a unicorn

Co-working and EdTech company Talent Garden acquires Hyper Island to scale online courses globally

OTHER TECH NEWS

;