India’s two biggest online retailers, Walmart-owned Flipkart and Amazon, are going head-to-head with their own shopping events: Big Billion Days and the Great Indian Festival. Deep-pocketed JioMart, which is owned by Asia’s wealthiest billionaire, is looking for market share, too. This year is particularly important as the world reels from economic fallout caused by the coronavirus …
Online smartphone sales to fall sharply in Q1; handset firms up focus on offline
Online sales of smartphones are expected to fall sharply in the January-March quarter after restrictions on discounts, among other curbs, kicked in on February 1, leading handset companies to increase their focus on forming more tie-ups with brick-and-mortar stores. The most hurt would be vendors of Honor, Asus and Realme, which are online-only or online-heavy …