taobao USTR

Here are today’s top ecommerce news.

1. Taobao is officially back on the USTR “notorious markets” list

The US Trade Representative (USTR) has put Alibaba’s C2C platform, Taobao, back onits “notorious markets” list. Being included on the notorious markets list is a black mark, suggesting that a company is guilty of allowing rampant piracy and IP theft, but it doesn’t come with any sort of sanction and it isn’t likely to affect Taobao’s day-to-day business.

Seemingly, USTR was getting pressure from both sides while making this decision. After submitting a public draft of its report for comments this summer, numerous trade groups appealed to the USTR to put Taobao back on the list.

Read the rest of the story here.

 

2. Amazon has injected $296 million into its Indian unit

A report in The Economic Times says Amazon is estimated to have spent more than Rs1000 crore last month to woo customers with special offers and discounts for the festive season, and is losing about Rs600 crore every month.

Amazon entered India three years ago, introducing some of its global programs this year including its Prime service, which offers quicker deliveries and early-access deals. All this is an attempt to knock Flipkart out of its reigning position.

Read the rest of the story here.

 

3. Singapore-based fintech investor Senjō Group acquires UK payments company Kalixa

The acquisition will allow Senjō Group to extend its reach into European markets. For Kalixa, the deal enables it to leverage on Senjō Group to broaden its network in Asia, as well as other regions within the global payments company’s portfolio.

The transaction is expected to be completed by Q1 2017.

Read the rest of the story here.

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