Flipkart gets $1.4bn funding to face upto Amazon

Global technology groups  Tencent, eBay and Microsoft have injected $14bn into Indian e-commerce group Flipkart to face a battle with Amazon. The fundraising comes ahead of proposed deal for Flipkart to take over its biggest domestic rival Snapdeal, a plan backed by Japan’s Softbank, Snapdeal’s biggest investor. Forrester Research, which predicted that Indian e-commerce sales…

Celebrate eBay’s 20th year

The auction website eBay has grown from humble beginnings on September 3, 1995, in San Jose, California,  eBay ( NASDAQ:EBAY) just days after Windows 95 was launched, to a mega retail giant.  eBay now employs over 10,000 people world-wide. His  vision, for connecting commerce open to everyone, enabled by people and powered by technology, and…