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Mollybox secures $13 million in Series B

Mollybox, a Shanghai based e-commerce platform for cat food, has raised $13 million in Series B round led by DCM and Mars-backed venture capital Digitalis. Other participants included Unity Ventures, Seek Ventures, FJ Labs, Tekton Ventures and Long Capital. The startup has developed a unique business model in China’s pet food sector by launching a subscription-based service, which allows its 30,000 subscribers
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A Lord and Taylor sign is pictured during Black Friday shopping in New York City, New York, U.S., November 23, 2018. REUTERS/Carlo Allegri

Black Friday: Online shopping trumps malls for US shoppers

The Thanksgiving Day and Black Friday kickoff of the U.S. holiday shopping season showed the increasing preference for online purchases, as more Americans opted to stay home and use their smartphones while sales and traffic at brick-and-mortar stores declined. The ongoing shift to online shopping has forced retailers across the country to invest heavily in boosting their e-commerce businesses, and also
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Entrance of global e-commerce giants in Bangladesh

Rapid changes of consumer behaviour facilitated by the growing adoption of internet, smartphones and handheld devices has led to the e-commerce market in Bangladesh to cross BDT 1,700 crore mark in 2017. Against this backdrop of evolving e-commerce market, the possible entry of the largest virtual and physical retailers Amazon and Walmart is certainly good news for customers of Bangladesh. The
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Chaldal rolls out Bangladesh’s largest E-commerce warehouse

Chaldal, the leader in online grocery, is about to launch Bangladesh’s largest E-commerce warehouse in Dhaka today, marking a new milestone on its path to growth. This move consolidates its position in the market. The new warehouse will work as the central warehouse, connecting other smaller ones enabling the company to improve its productivity, save cost and improve logistics. Located
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Post offices to make e-commerce delivery in Bangladesh

Post Office will deliver parcels for online marketplaces to all parts of the country from now onwards, in a development that can be viewed as a shot in the arm for the e-commerce players.
“The post office has the largest delivery platform and e-commerce entrepreneurs could use this infrastructure to reach the remotest parts of the country easily,”
said Posts, Telecommunication and
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Digital wallet must to take the e-commerce into a fast lane

Without the provision of digital wallet, the e-commerce business in Bangladesh will be stagnated at some point. Pointing out that harsh truth, speaker at a seminar titled ‘Business Growth and enhancing consumer experience through Online Payment System’ said that with cash-on-delivery (COD) still dominating the e-commerce ecosystem, the true digital revolution in the country is yet to take place. The session
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Mumbai-Based Fashion E-Commerce Startup Fynd Gets Funding

Mumbai-based fashion e-commerce startup Fynd has clinched an undisclosed amount of funding from Snapdeal’s former Chief Product Officer, Anand Chandrasekaran. Rajiv Mehta, CEO of Arvind Sports Lifestyle, and Ramakant Sharma, former VP (Engineering), Myntra and Co-founder of Livspace, have also participated in the round. The latest investment will be used for marketing and enhancing Fynd’s tech infrastructure.
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Thailand’s Government And Alibaba Working Together To Help SMEs Succeed In E-Commerce

Thailand’s Government and Alibaba have agreed to work together to provide e-commerce training for Thai SMEs and individuals- and Alibaba will also be working with Thailand Post to help boost the country’s supply-chain and logistics-systems. Thailand’s Deputy Prime Minister Somkid Jatusripitak and Alibaba Group’s Executive Chairman Jack Ma witnessed the signing of a Letter of Intent on the new
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