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Wednesday, April 23, 2014

China's Tiens Group to Get in Indian Online Marketplace

23 May 2016, NEW DELHI: China’s Tiens Group plans to go into e-commerce industry in India by second half of this year.

According to sources and reports by HT Media, Tiens South Asia Region President Kevin Hou said, we plan to sell 3,000 items from the online shopping platform, which would prepare in the second half of the year. Indian consumers will have the ability to purchase products from different countries on the platform. The company’s total user base in India is presently 2 million. We prepare to take this to 10 million in the next 5 years.

India is a big market with a 300 million strong middle class starving for a variety of world class items and services. At Tiens, we plan to tap the big Indian market in a huge way over the next 5 years.

Sunday, April 20, 2014

Online Financing Website Prosper Hires Banks

Succeed is considering selling a minority or majority stake.

There’s more shakeup moving towards the troubled online financing market. Prosper Marketplace, an online market backed by Silicon Valley Financiers Sequoia Capital and Accel, has hired investment banks to check out tactical options, according to a Reuters report.

Since being founded a decade ago, Prosper’s peer to peer loan market had actually collected more than 2 million members and organized over $5 billion in funded loans. The company raised $165 million in brand-new financing in 2014 from financiers that consisted of affiliates of Credit Suisse and J.P. Morgan and was expected to file a IPO. Discover more about cheap web development at .

Friday, March 14, 2014

Amazon CEO Jeff Bezos wants PM Narendra

Amazon CEO Jeff Bezos wants PM Narendra Modi to let online market have inventories too

Amazon CEO Jeff Bezos has lobbied Prime Minister Narendra Modi to allow foreign investment-backed ecommerce business such as the one he runs to run hybrid models in India that are part market and part inventory-led, stated a person with understanding of this.

Such a relocation, if accepted, would total up to a dramatic relaxation of the guidelines announced just recently for online merchants with overseas investment. Under the March guidelines, ecommerce companies with foreign direct investment (FDI) can only function as marketplaces.

Bezos is said to have sought the change during a conference he had with Modi in Washington DC during the Indian Prime Minister's trip to the United States last week. This came after Amazon announced an added $3 billion investment in India, the fastest-growing market for the Seattle-based online titan.

Monday, March 10, 2014

Tuesday, March 4, 2014

Monday, February 24, 2014