Michael Hwang joins arbitration tribunal looking into Amazon-Future dispute: Sources Amazon had dragged Future to arbitration at the SIAC after the indebted Kishore Biyani group firm signed a pact to sell retail, wholesale, logistics and warehousing units to billionaire Mukesh Ambani's Reliance in August last year.
The e-commerce major's argument is that Future violated the contract by entering into the deal with rival Reliance.
Vogue Business. It provides a global perspective on business and technology in fashion, and so touches a lot of areas of interest across ecommerce. The newsletter includes original reporting and curated content from across the web. Business-related podcasts tend to be a bit more hit-or-miss for me. Retail Gets Real.
Reuters Jack Ma's disappearing act fuels speculation about billionaire's whereabouts Alibaba founder Jack Ma's absence from public view in the past two months, including missing the final episode of a TV show on which he was to appear as a judge, has fueled social media speculation over his whereabouts amid a Chinese regulatory clampdown on his sprawling business empire. New York Times So far, the Not Amazon website has garnered more than half a million page views and grown to include 4, businesses across Toronto, Calgary, Halifax and Vancouver.
TNN The Legal Metrology Packaged Commodity Rules, which came into effect inmandates every seller to display the country of origin on all packaged items. TNN A source aware of the development said Amazon India executives are yet to be summoned by the regulator to present its case on this matter.
ETtech ETtech reporters looked at the technological trends that drove our lives in a year which was crippled by the Covid crisis and what we can look forward to in ETtech Despite recovering quickly after the lockdown, Indian online retail growth was nowhere near the pace seen in US and China.
AP The ruling Communist Party encourages e-commerce and other online industries but worries about the news about internet commerce of major competitors. Party leaders say anti-monopoly enforcement, especially against online companies, will be a priority in the coming year.
PTI Amazon invests Rs 11, crore in India in FY20 In response to a detailed query sent to the company, an Amazon India spokesperson said: "We continue to be invested in India with a long-term view enabling customers in India to enjoy the ease and convenience of e-commerce and other digital products and services.