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* Traders and small online sellers have accused Amazon and Flipkart of violating the spirit of the law and of using the structures to offer deep discounts, accusations they deny. * The new rules state that the inventory of a seller or vendor will be seen as being controlled by a marketplace if the vendor purchases more than 25 percent of its inventory from the marketplace, or any of its group firms. * The rule would not allow sellers on Flipkart and Amazon to make bulk purchases from the wholesale units of the companies.
* The new regulation replaces a rule that said an e-commerce firm could not permit one vendor’s retail sales to overshoot 25 percent of the overall sales of the marketplace by value in a fiscal year, What are the equity interest restrictions?, * The rules now bar any entity in which an e-commerce firm or its group companies have a stake from selling on their online platform, * This is a problem longhorn steer cufflinks for Amazon, which had been picking up stakes in offline Indian retailers to boost its market share..
* The U.S. company’s investment arm owns a 5 percent stake in Indian department store chain Shopper’s Stop. Through an investment vehicle it also picked up a stake in the More retail chain. Amazon also owns a minority stake in the parent companies of Cloudtail and Appario, even though it does not have a direct stake on either of the two sellers. What are the other rules?. * The government has also prohibited e-commerce firms from pushing merchants to sell any product exclusively on its platform. The sellers can, however, choose to have a preferred online partner.
* Amazon and Flipkart launch products such as smartphones longhorn steer cufflinks exclusively on their online portals and apps, While such arrangements may continue, e-commerce firms are unlikely to use the word “exclusive” anymore and will likely re-negotiate contracts to give brands more freedom to sell elsewhere, * The new rules also stipulate that an e-commerce marketplace, as well as any companies the marketplace has equity stakes in, should provide services such as fulfillment, logistics and payments to all sellers on the platform in a fair manner..
(Reuters) - After 18 months of distraction defending itself over privacy and its role as a platform for electoral manipulation, Facebook Inc is focusing squarely on products after its strong fourth-quarter results won back investors, who sent its shares up nearly 12 percent on Thursday. The social network has been spending heavily to boost user privacy on its platform following pressure from regulators and users around the world. But it reported better-than-expected profit and revenue on Wednesday, attributing the gains to higher ad sales and product improvements.
“We’ve put most of our energy into security over the past 18 months, so that building new experiences wasn’t the priority over that period,” Mark Zuckerberg, the 34-year old billionaire and chief executive officer of Facebook, told analysts on a post-earnings call, longhorn steer cufflinks “So this year, I think we’re going to deliver several of these new experiences,” Zuckerberg said, Shares of the social media network rose nearly 12 percent to $168 in trading before the bell on Thursday, with at least 17 analysts raising their price targets on the stock..
Analysts said Facebook is taking cue from the early success of its popular Stories feature and will invest significantly in getting more advertisers on board to the format, which has further upside in terms of pricing. The Stories format is used by about 2 million advertisers out of Facebook’s total 7 million active advertisers, and the company said it would add more features to make it easier for advertisers to adapt their campaigns. Facebook has intentionally kept ad unit pricing for Stories 20 percent to 50 percent lower than News Feed as it works to improve performance and could bring a double-barreled benefit to ad revenue growth if it can improve ad efficacy, Morgan Stanley analysts said.
SEOUL (Reuters) - A South Korean city council on Wednesday green lit a revised plan for a low-wage automaking joint venture longhorn steer cufflinks with Hyundai Motor, setting the stage for the construction of the car maker’s first factory at home in more than two decades, The proposed plant in the southwestern city of Gwangju is in line with Seoul’s policy to spur job creation, but comes as Hyundai is grappling with excess capacity globally amid sluggish domestic demand, falling U.S, exports and weak China sales..