Wednesday January 16, 2019
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Flipkart, ASUS to launch Indian consumer-oriented products

The partnership would kick off with the launch of "ZenFone Max Pro" on April 23, the company said in a statement


E-commerce player giant Flipkart and Taiwanese electronics company ASUS on Tuesday announced a long-term partnership under which Flipkart will become ASUS’ premier partner and seller for smartphones that have been customised to address Indian customers’ needs.

Asus Smartphone. Pixabay

On the marketing front, both companies would extensively support each other in the planning and execution of marketing activities for ASUS ZenFones. The partnership would kick off with the launch of “ZenFone Max Pro” on April 23, the company said in a statement.

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“With ASUS, we are multiplying our efforts by collaborating to leverage our individual strengths — data-driven research and insights, and technological prowess — to build smartphones truly customised for India,” said Flipkart CEO Kalyan Krishnamurthy. ASUS also announced aiding the digital education of the needy through its CSR initiatives.

“We see tremendous opportunity in creating products and services that address India’s special market needs. With Flipkart’s partnership, we aim to gain more insights about Indian consumers’ needs which can help us develop even more suitable products for the Indian market,” added Jerry Shen, ASUS CEO. IANS

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New e-commerce Norms to Impact e-tailers: Flipkart

"The industry is set to be a major growth driver for the Indian economy and create millions of jobs in the future," it added

Flipkart Buys Back Shares Worth $350 mn.
New e-commerce norms to impact e-tailers: Flipkart. IANS

The policy changes the government announced on Wednesday for the e-commerce sector would have long term implications, said leading e-tailer Flipkart on Friday.

“The government policy changes will have long term implications for the evolution of the promising sector and whole ecosystem,” said the city-based e-commerce major in an e-mail to IANS.

The renewed policy on Foreign Direct Investment (FDI) in e-commerce envisages a level playing field for e-tailers and offline traders, who dominate the country’s retail market with about 90 per cent share.

“It is important that a broad market-driven framework be developed through a consultative process in order to drive the industry forward,” said the company, in which the world’s largest retailer Walmart bought 77 per cent equity stake in May for a whopping $16 billion (Rs 1,07,662 crore).

According to the Commerce Ministry notification, e-commerce entities would engage only in business-to-business and not in business-to-consumer e-commerce, for buying and selling goods and services, including digital products over the digital and electronic network.

The revised policy, which will be in force from February 1, 2019, barred e-tail firms from selling products of companies in which they hold equity and prohibited the firms from mandating any company to sell its products exclusively on their e-commerce platforms alone.

The renewed policy also prevents the e-tail portals from directly and indirectly influencing the price of goods and services.

“In the span of a decade, the e-commerce industry has revolutionised the way consumers connect with sellers and local manufacturers, providing tremendous value to both and to the country,” Flipkart asserted.

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The online retail ecosystem has created thousands of jobs and contributed to innovations in micro, small and medium enterprise (MSME) manufacturing, supply chain, warehousing, packaging and digital payments, the statement noted.

“The industry is set to be a major growth driver for the Indian economy and create millions of jobs in the future,” it added. (IANS)