South Korean retail giant Shinsegae has announced plans to establish a joint venture with Alibaba International, marking a strategic move to strengthen its position in South Korea’s competitive e-commerce market. The joint venture, slated for formation in 2025, will integrate Shinsegae’s e-commerce platform Gmarket with Alibaba’s AliExpress Korea, while maintaining the independent operations of both […]

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Senior officials of the department of commerce will meet exporters and export promotion councils on Tuesday in the wake of slowing growth of various exporting sectors. Declining exports of labour intensive products including leather, gems and jewellery, man-made yarn, and pharmaceuticals had pulled down the overall growth of outward shipments from the country in December […]

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India will ban e-commerce companies such as Amazon.com and Walmart -owned Flipkart Group from selling products from companies in which they have an equity interest. In a statement, the government also said that the companies will be prevented from entering into exclusive agreements with sellers. The new rules will be applicable from February 1. “An […]

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