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E-commerce giant <keyword id="6357395" type="General" weightage="100" keywordseo="ebay" source="Orion">eBay</keyword> has announced to lay off around 500 workers, about 4 per cent of its staff globally, citing the macroeconomic situation. <keyword id="5680247" type="General" weightage="50" keywordseo="jamie-iannone" source="Orion">Jamie Iannone</keyword>, CEO of eBay, announced the layoffs on Tuesday in a note to staff that was also filed with the US Securities and Exchange Commission (SEC). Iannone said that actions taken are designed to strengthen the company's ability to deliver better end-to-end experiences for its customers and to support more innovation and scale across the platform. "This shift gives us additional space to invest and create new roles in high-potential areas -- new technologies, customer innovations and key markets -- and to continue to adapt and flex with the changing macro, e-commerce and technology landscape. We're also simplifying our structure to make decisions more effectively and with more speed," he said in the note. He further added that the move will allow eBay to focus on "where we can make the biggest impact", including expanding the company's categories of focus. Meanwhile, video communication app <keyword id="10296" type="General" weightage="50" keywordseo="zoom" source="Orion">Zoom</keyword> is also laying off about 1,300 people, or 15 per cent of its workforce, its CEO <keyword id="9011175" type="General" weightage="50" keywordseo="eric-yuan" source="Orion">Eric Yuan</keyword> has announced. <keyword id="62260" type="General" weightage="50" keywordseo="yuan" source="Orion">Yuan</keyword> also said that he is reducing his salary for the coming fiscal year by 98 per cent and foregoing his FY23 corporate bonus. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/mobile/news/moto-e13-launched-in-india-price-launch-offer-and-specs/articleshow/97721974.cms">Moto e13 with Android 13 (Go Edition) launched in India starting at ₹6,999</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/finance/news/india-is-launching-a-upi-based-coin-vending-machine-pilot/articleshow/97720261.cms">Cold drinks, candy &amp; now 'change': India to test coin vending machines that use UPI</a>

E-commerce giant eBay to layoff 500 employees

Twitter on Tuesday announced to appoint <keyword id="2964163" type="COMPANY" weightage="20" keywordseo="Apurva-Dalal">Apurva Dalal</keyword> as Director of Engineering in India, as the micro-blogging platform expands its engineering team in the country, a priority market and one of its fastest growing markets globally. Dalal has more than two decades of engineering experience spanning global organisations such as Uber, <keyword id="6355629" type="COMPANY" weightage="20" keywordseo="google">Google</keyword>, and <keyword id="6357395" type="COMPANY" weightage="20" keywordseo="eBay">eBay</keyword>, who last served as the engineering site lead for <keyword id="2702348" type="PERSON" weightage="20" keywordseo="Uber-Bengaluru">Uber Bengaluru</keyword>. "Starting today, Apurva will become the senior-most member of the engineering team in the country and will be responsible for strengthening our engineering capacity as well as our offerings for local and global audiences," Nick Caldwell, Vice President of Engineering, Twitter, said in a statement. Twitter said that expanding the team in India aligns with its overall belief that "having more employees at Twitter, living and working in places that are representative of all perspectives and cultures, and sharing local context about these conversations will help us build a better service and company". Outside of the US, Twitter has dedicated engineering teams in multiple markets including London, Toronto, Singapore and <keyword id="6354321" type="COMPANY" weightage="20" keywordseo="Bengaluru">Bengaluru</keyword>. The Twitter engineering team in Bengaluru, which has expanded rapidly over the past two years, will continue to focus on building more daily utility for new and existing audiences, with capabilities ranging from product development, research and design as well as data science and machine learning. "The focus on developing engineering capabilities in India comes as part of our broader goal to increase our development velocity, including building a strong foundation for our product. This is what the core team will be focused on based out of Bengaluru," the company noted. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/cryptocurrency-liquidations-hit-record-10-billion-amid-us-crackdown-rumours-and-power-blackouts-in-china/articleshow/82140939.cms">Cryptocurrency liquidations hit record $10 billion amid US crackdown rumours and power blackouts in China</a> <a href="https://www.businessinsider.in/tech/apps/news/whatsapp-users-need-to-update-their-apps-and-report-malicious-links-as-new-malware-makes-the-round-and-cert-in-warns-of-multiple-vulnerabilities/articleshow/82140756.cms">WhatsApp under threat — multiple vulnerabilities in older versions of the app and a new ‘Pink’ malware on the prowl</a> <a href="https://www.businessinsider.in/business/startups/news/dream11-parent-company-looking-for-an-ipo-in-the-us/articleshow/82139123.cms">Dream11’s parent company is reportedly the latest contender for a public market debut in the US</a>

Twitter appoints Uber's Apurva Dalal to lead its engineering efforts in India

Online shoppers in India are catching up to the hype that is the highly-anticipated <keyword id="14520" type="ENTERTAINMENT" weightage="20" keywordseo="Black-Friday">Black Friday</keyword> sale. The sale, which is happening on the 24th of November is forcing online stores such as eBay, Flipkart, Jabong, Nykaa and <keyword id="6354743" type="LOCATION" weightage="20" keywordseo="Amazon-India">Amazon India</keyword> to offer crazy deals store-wide even though Thanksgiving is not widely celebrated in the Indian subcontinent. 
	
	
	
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 How popular are the online stores during Black Friday? ●The number of searches for the term ‘Black Friday’ increased by 31.56% between November 2014 and November 2015. The following year, the search volume went up another 29.97%. This means, during the month of November online shoppers are on the lookout for this event. ●Searches for Amazon India skyrocketed to a total of 103.02% since Black Friday 2014. The search for Books and electronics topped the list of most sought-after items on the site. ●Indians boosted searches for Paytm, the country’s largest e-commerce website, by 42.59% in the same duration (2015 to 2016). For the years before (2014 to 2015), the forage for Paytm on <keyword id="6355629" type="ORGANIZATION" weightage="20" keywordseo="Google">Google</keyword> also saw a spike of 70.96%. What to expect this year during Black Friday 2017 ●Popularity of Black Friday will go up to an 28.02% this year. Since there are more than 500 thousand search in the year 2016. With our data Google saw at least a 100 thousand more searches each year making it more likable to surge in search number this year. ●Paytm will have a boost of an extra 14.22 % this year. Black Friday is definitely becoming more popular in India year-on- year with more online retailers in India taking this as an opportunity to push more sales or must have items. The study focuses on the growth of Black Friday through Google search and interest in November 2014, 2015 and November 2016. All numbers were pulled using Google keyword planner and and SimilarWeb by combining searches related to Black Friday and retailers celebrating the event in India by black-friday.sale.

Black Friday is turning into a online festival for Indian customers

<ul class="summary-list"><li><keyword id="6377922" type="UNKNOWN" weightage="60" keywordseo="starbucks">Starbucks</keyword> launched a bee-themed Valentine's Day merchandise collection in Asian markets.</li><li>Fans are buying mugs and cups secondhand for up to $100 each.</li><li>Starbucks seasonal items usually have a big market with online resellers.</li></ul>A $90 mug might seem steep, but that's what some fans are willing to pay for limited-edition Starbucks merch on the other side of the world.The "Bee Mine" Valentine's Day collection in Starbucks' Asia Pacific market has gone viral in the US. A TikTok posted by user <a href="https://www.tiktok.com/@whimsicality_/video/6924742303282203910?_d=secCgYIASAHKAESMgowVIHCfNFSYItp7FuaCoauc8ZNl2a1kifR0U1SVRMZrjQ5E5w61ZZt6PXqtnICvTErGgA%3D&amp;language=en&amp;preview_pb=0&amp;sec_user_id=MS4wLjABAAAAafRvpSNmgQg8_uJIIC1liNero-CAGMZzzFeKAJJv5MZpOVfSq_Haufotd7bZPLEF&amp;share_item_id=6924742303282203910&amp;share_link_id=AE57D951-BEC5-4520-97DA-C9BAEA67B385&amp;timestamp=1612370328&amp;tt_from=more&amp;u_code=d28kkk38k14ahl&amp;user_id=6604790563126460421&amp;utm_campaign=client_share&amp;utm_medium=ios&amp;utm_source=more&amp;source=h5_m&amp;is_copy_url=1&amp;is_from_webapp=v1more&amp;source=h5_m&amp;is_copy_url=1&amp;is_from_webapp=v1">whimsicality_</a> on Wednesday showed a photo from the collection, with the caption "It's so cute take my money." It accumulated more than 11,000 likes in only 24 hours. Another TikTok from user <a href="https://www.tiktok.com/@ihchnil.ngyn/video/6924523420851916038?_d=secCgYIASAHKAESMgowepI9SVwxbJIEoab10vrgq78z8uMFKWRs5%2BXppcnStZcJbnSPk34hhOjq5eD9URX4GgA%3D&amp;language=en&amp;preview_pb=0&amp;sec_user_id=MS4wLjABAAAAafRvpSNmgQg8_uJIIC1liNero-CAGMZzzFeKAJJv5MZpOVfSq_Haufotd7bZPLEF&amp;share_item_id=6924523420851916038&amp;share_link_id=BB539CF5-AF28-453E-B35E-5E41E7DB4994&amp;timestamp=1612457832&amp;tt_from=more&amp;u_code=d28kkk38k14ahl&amp;user_id=6604790563126460421&amp;utm_campaign=client_share&amp;utm_medium=ios&amp;utm_source=more&amp;source=h5_mp;utm_medium=ios&amp;utm_source=more&amp;source=h5_m">ihchnil.ngyn</a> showed the same mug and spoon and she wrote "If 68 people could Venmo me $1 I can finally be happy :)". The video had over 130,000 views in two days.Read more: <a href="https://www.businessinsider.com/roz-brewer-walgreens-ceo-career-sams-club-starbucks-2021-1?r=mm-sub">Walgreens' new CEO Roz Brewer rose to become the only Black woman running a Fortune 500. Now she faces her toughest challenge yet: helming the struggling pharmacy retailer's vaccine distribution.</a><div type="image" title="2020 SBUX 02_Valentine 2021_Photos Solo7" height="1687" width="2250" msid="80696504" hostid="261"></div>While people seem to be into the whole collection, the honey mug and spoon set featured in the TikToks is especially popular. Starbucks suggests a <keyword id="6354851" type="UNKNOWN" weightage="100" keywordseo="retail">retail</keyword> price of <a href="https://www.starbucks.com.sg/menu/merchandise/starbucks-valentines-day-collection">$28.90 in Singapore,</a> or around <a href="https://www.starbucks.com.tw/products/collection/product.jspx?id=2304&amp;catId=45d=45">$21 in Taiwan.</a> On the resale market, the merchandise is going for much more. Resale online marketplace <a href="https://usshoppingsos.com/collections/starbucks-hong-kong-valentines-bee-mine-collection">US Shopping SOS</a> lists 16 products from the line with shipping to the US. The honey mug is listed for $73, which comes out to $92.95 with shipping. Other items are listed at even higher prices, and some have sold out, including the <a href="https://usshoppingsos.com/collections/starbucks-hong-kong-valentines-bee-mine-collection/products/starbucks-china-valentines-bee-mine-bearista-honey-bee-stainless-capsule-shape-bottle-with-carrier-360ml">Bearista Honey Bee</a> water bottle and container, which was listed for $92.The <a href="https://www.instagram.com/p/CKKnrkcrmnY/">Instagram</a> reseller community is also <a href="https://www.instagram.com/pandaroo_unique/?hl=en">robust</a>, with accounts hosting bidding wars in <a href="https://www.instagram.com/blossomxcollections/">private messages.</a> <keyword id="6357395" type="UNKNOWN" weightage="60" keywordseo="eBay">eBay</keyword> also has dozens of options from the collection, many specifying that they ship to the US. Mugs and tumblers are listed at prices above $90 each, with the highest listing at $113.80 for a ceramic cup with a straw and bear.<div type="image" title="Screen Shot 2021 02 04 at 12.13.47 PM" height="751" width="1001" msid="80696505" hostid="261"></div>The Bee Mine collection is only available in Starbucks' Asia Pacific market, which includes 14 locations: Australia, Brunei, Cambodia, Hong Kong, India, Indonesia, Malaysia, New Zealand, Philippines, Singapore, South Korea, Thailand, Taiwan, and Vietnam. It first launched on January 5, with a staggered rollout across the markets as long as supplies last. While the company is glad to see the products getting attention, there are no plans to sell them in the US, a Starbucks spokesperson told Insider in a phone call.Limited-edition Starbucks mugs and tumbler have been big on reseller marketplaces for years. In May, people struck with nostalgia while stuck at home bought <a href="https://www.businessinsider.com/starbucks-color-changing-cup-sales-boom-in-resale-market-2020-5">Starbucks cold cup packs</a> for more than double their original price, and Starbucks was the top brand on fashion resale site <keyword id="1776597" type="PERSON" weightage="60" keywordseo="Poshmark">Poshmark</keyword>. The company typically releases annual collections for different holidays that become <a href="https://markets.businessinsider.com/news/stocks/starbucks-glow-in-the-dark-cup-tumblers-halloween-report-2020-8-1029646303">collector items</a> among fans, like glow-in-the-dark cups from Halloween 2020.

Americans are paying more than triple price for Starbucks' Asian Valentine's Day collection on eBay and Instagram

<keyword id="212412" type="COMPANY" weightage="20" keywordseo="Tencent">Tencent</keyword>, <keyword id="6357395" type="CITY" weightage="20" keywordseo="eBay">eBay</keyword>, and <keyword id="10387" type="CITY" weightage="100" keywordseo="Microsoft">Microsoft</keyword> have made investments aggregating to $1.4 billion in <keyword id="6354742" type="COMPANY" weightage="100" keywordseo="Flipkart">Flipkart</keyword>, India’s leading online marketplace. The latest funding round from the three global technology giants, at a post-transaction valuation of $11.6 billion, adds to an existing group of marquee investors that include Tiger Global Management, Naspers Group, Accel Partners and DST Global. 
 
Flipkart announced the feat in a blog post. 
 
<blockquote class="twitter-tweet" data-lang="en">
	
		Proud to announce the largest investment in <a href="https://twitter.com/Flipkart">@Flipkart</a> history ! <a href="https://t.co/ktwy39H3WW">https://t.co/ktwy39H3WW</a> <a href="https://twitter.com/TencentCorp">@TencentCorp</a> <a href="https://twitter.com/eBay">@eBay</a> <a href="https://twitter.com/Microsoft">@Microsoft</a> <a href="https://twitter.com/hashtag/FlipkartBigWin?src=hash">#FlipkartBigWin</a>
	— binnybansal (@binnybansal) <a href="https://twitter.com/binnybansal/status/851364335268057088">April 10, </a></blockquote>
<blockquote class="twitter-tweet" data-lang="en">
	&#xa0;</blockquote>
Tencent, a leading provider of internet value-added services in China, joins as a strategic investor, bringing experience in linking social networking and e-commerce. Tencent will lend significant expertise to Flipkart as it furthers its leadership position across the e-commerce market in India. 
 
<a href="http://www.businessinsider.in/exclusive-an-angel-investor-whose-midas-touch-with-crypto-currency-is-redefining-the-future-of-start-up-investments/articleshow/58062121.cms">ALSO READ: Exclusive: An Angel investor whose Midas touch with Crypto-currency is redefining the future of start-up investments</a> 
 
“This strategic partnership enables Tencent to participate in the exciting opportunities in e-commerce and payments in India. We look forward to helping Flipkart to deliver compelling experiences to users throughout India, and to contribute to the development of the internet ecosystem there,” said Martin Lau, Tencent President. 
 
<keyword id="161767" type="COMPANY" weightage="20" keywordseo="eBay-India">eBay India</keyword> is now part of the <keyword id="3515858" type="UNKNOWN" weightage="20" keywordseo="flipkart-group">Flipkart Group</keyword> 
 
The investment by eBay is accompanied by a strategic commercial agreement with Flipkart. In exchange for an equity stake in Flipkart, eBay is making a cash investment in and selling it's eBay.in business to Flipkart. eBay.in will continue to operate as an independent entity as a part of Flipkart. 
 
<a href="http://www.businessinsider.in/exclusive-ace-angel-investor-sanjay-mehtas-true-life-experiences-that-makes-his-investments-in-startups-fool-proof/articleshow/58061818.cms">ALSO READ: Exclusive: Ace Angel Investor Sanjay Mehta’s true-life experiences that make his investments in startups fool-proof</a> 
 
<keyword id="2969294" type="UNKNOWN" weightage="20" keywordseo="Flipkart-eBay">Flipkart eBay</keyword> “The combination of eBay’s position as a leading global e-commerce company and Flipkart’s market stature will allow us to accelerate and maximize the opportunity for both companies in India,” said <keyword id="375695" type="PERSON" weightage="20" keywordseo="Devin-Wenig">Devin Wenig</keyword>, President, and CEO of eBay Inc. 
 
Flipkart and eBay have also signed an exclusive cross-border trade agreement, as a result of which customers of Flipkart will gain access to the wide array of global inventory on eBay, while eBay’s customers will have access to unique Indian inventory provided by Flipkart sellers. Thus, sellers on Flipkart will now have an opportunity to expand their sales globally. 
 On its ten-year odyssey, the Flipkart Group has grown to encompass <keyword id="319719" type="COMPANY" weightage="20" keywordseo="Myntra">Myntra</keyword> and Jabong, India’s leading online fashion destinations, and PhonePe — the leading UPI-based app that provides a cashless and seamless payment experience. Flipkart’s success has also emboldened a generation of Indian startups and entrepreneurial ventures, fanning the zeal of entrepreneurs and attracting big investments in the sector.

Flipkart announces raising $1.4 billion from Tencent, eBay & Microsoft, and acquires eBay India

<keyword id="6354742" type="COMPANY" weightage="100" keywordseo="Flipkart">Flipkart</keyword> has completed the process of acquiring the Indian arm of <keyword id="6357395" type="CITY" weightage="20" keywordseo="eBay">eBay</keyword> and now eBay.in will be a Flipkart Group company. Flipkart announced it will buy eBay.in in April this year when it raised $ 1.4 billion from global technology majors eBay, Tencent and Microsoft. In exchange of an equity stake in Flipkart, eBay had made a cash investment of $500 million and sold its eBay.in business to Flipkart. "Effective immediately, Flipkart will own and operate eBay.in, which will remain an independent entity as part of Flipkart," Flipkart said in a statement. "As a result, Flipkart customers will get expanded product choices with the wide array of global inventory available on eBay while eBay customers will have access to a more unique Indian inventory from Flipkart sellers," the statement said. "Our coming together directly benefits Indian customers and sellers for whom we want to provide the best possible e- commerce experience. This is a step in that direction," Flipkart CEO <keyword id="6379357" type="UNKNOWN" weightage="20" keywordseo="Kalyan-Krishnamurthy">Kalyan Krishnamurthy</keyword> said.

You Searched For "eBay India" and got 6 results

E-commerce giant eBay to layoff 500 employees

IANS

Twitter appoints Uber's Apurva Dalal to lead its engineering efforts in India

IANS

Black Friday is turning into a online festival for Indian customers

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Americans are paying more than triple price for Starbucks' Asian Valentine's Day collection on eBay and Instagram

Mary Meisenzahl

Flipkart announces raising $1.4 billion from Tencent, eBay & Microsoft, and acquires eBay India

BI India Bureau

Flipkart acquires eBay India; all formalities completed

BI India Bureau

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