Amazon.com Inc and rival Walmart Inc reported record revenue for their six-day India sales festivals as e-commerce catches on with buyers and sellers in smaller Indian towns moving beyond the countrys urban English-speaking population.The American competitors have been duelling in India since Walmart cut a US16 billion deal for control of local pioneer Flipkart Online Services Pvt last year. Their latest sales - which Amazon calls the Great Indian Festival and Flipkart calls Big Billion Days - are a high-stakes battle that ran on the same days and concluded over the weekend.Both focused on expanding their online commerce to smaller cities and rural areas an enormous swath of the country known by its historic name of Bharat. Neither company gave specific revenue figures though they claimed record activity.This has been our biggest celebration ever a digital Bharat festival said Amit Agarwal Amazons India chief during a telephone call from his Bangalore headquarters. Over 65000 sellers from 500 cities sold products.Millions of Indians are moving online thanks to inexpensive smartphones and some of the lowest wireless data rates in the world. That is boosting all kinds of internet businesses from streaming video and online gaming to e-commerce and services.
🔍 Key Information
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Tender Reference No.
447782550
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Publication Date
07 Oct 2019
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Sector
Banking, Finance, Insurance and Securities (BFIS)
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Notice Type
News
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Location
India
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🏷️ CPV
No CPV found
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