Skip to main content

Govt Has Selected 7 Companies To Test Drone Based Deliveries

Post a Comment

Alibaba Entry To India's E-commerce Market

Chinese e-commerce company Alibaba is set to enter into the Indian e-commerce market by using UCWeb browser app. The company is planning to build a recommendation engine for existing e commerce platform in India.
Alibaba is planning to partner with e-commerce firms like Flipkart and PayTM Mall for the recommendation engine and this service would launch within this year.
UCWeb Global Business Vice President Huaiyuan Yang quoted that “ We have Alibaba’s e-commerce gene in us. We are actually trying to start innovative business model related to e-commerce. We are going to launch a new e-commerce product in India this year.
The recommendation engine is expected to be a platform that would showcase products from different e-commerce platforms for people to browse through it. If customers want to buy the product it will be directed to the actual website.
Alibaba holds 30.5 % stake in PayTM and 3% stake in Snapdeal. Yang dismissed speculations that Alibaba’s entry into India’s e-commerce would affect PayTM’s business.
Why Alibaba is coming through UCWeb?
UCWeb’s UC Browser has been available in India since 2009. It claims to have registered 1.1 billion user downloads worldwide, excluding china whit half of its global installs from India. It also claims to have 130 million monthly users in the country, which would be a good starting point for the e-commerce service.
Yang also added that “ E-commerce is a very vast business. There are various part of e-commerce business and several products. UC will choose section according to our business. We will partner with the right players and we will not compete with them (PayTM)”.

Labels:

Comments

Post a Comment

Popular posts from this blog

Tesla Acquires DeepScale

Tesla acquires computer vision startup DeepScale , a silicon valley startup that uses low wattage processors to power more accurate computer vision for automated vehicles. CEO Elon Musk vision to turn electric vehicles into robot axis. Tesla as we all know which is an automotive and energy company, it manufactures electric cars. Tesla cars are not fully autonomous, they have a autopilot feature which is more advanced driver assistance than other vehicles on the road today or we can say 'Level 2' designation by SAE. Musk has promised for that Tesla vehicles will continue to improve its autopilot to reach full automation mark. Tesla released a new software update that adds new features to its cars. This update had Smart Summon which help owners to use their app to summon their vehicles from parking space. DeepScale is a 4 yr old startup which was founded by Forrest Landola, which raised $18 million funding from investors from Autotech, VC, Bessemer, Greylock and Trucks V...
Post a Comment
Read more

A CROCODILE IN YANGTZE RIVER PART-I

A person can handle up to 3 to 4 rejection in life after that he gets demotivated and then he will be trying for another one or two times. Even at that time if he gets rejected he will be changing his dream or choice according to his comfortness…. Now we are going to see the story about a man who got rejected so many times and by which he founded a company which made him a billionaire and second richest man of china… He is none other than JACK MA who founded a e-commerce company called Alibaba . Let’s get way back to Hangzhou where Jack Ma a.k.a MA YUN   who was born on 10 September 1964 which was during china’s cultural revolution was increasing and capitalist and intellectuals were punished and sent to the country side. Families and friends were divided along class lines. His family was also not having money when he was young. JACK MA CHILDHOOD DAYS   In 1978, DENG XIAOPING emerges as new leader and opened china’s doors to the world and Deng went to the Unite...
Post a Comment
Read more