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<ul><li>Smartphone makers and e-commerce players have come under the scanner of CCI.</li><li>Smartphone makers have been accused of colluding with <keyword id="19904608" type="General" weightage="20" keywordseo="Amazon" source="keywords" meta.keywordsubtype="org" meta.entityname="Amazon" meta.hostid="261" meta.entityid="Amazon">Amazon</keyword> and <keyword id="19896939" type="General" weightage="20" keywordseo="Flipkart" source="keywords" meta.keywordsubtype="org" meta.entityname="Flipkart" meta.hostid="261" meta.entityid="Flipkart">Flipkart</keyword>.</li><li><keyword id="23184977" type="General" weightage="20" keywordseo="exclusive-launches" source="keywords">Exclusive launches</keyword> and steep discounting are among the practices being investigated.</li></ul>The <keyword id="19895221" type="General" weightage="20" keywordseo="Competition-Commission-of-India" source="keywords" meta.keywordsubtype="org" meta.entityname="Competition Commission of India" meta.hostid="261" meta.entityid="Competition Commission of India">Competition Commission of India</keyword> (CCI), the antitrust watchdog in the country has reportedly accused smartphone makers such as <keyword id="19901379" type="General" weightage="100" keywordseo="Xiaomi" source="keywords" meta.keywordsubtype="org" meta.entityname="Xiaomi" meta.hostid="261" meta.entityid="Xiaomi">Xiaomi</keyword> and <keyword id="19897758" type="General" weightage="20" keywordseo="Samsung" source="keywords" meta.keywordsubtype="org" meta.entityname="Samsung" meta.hostid="261" meta.entityid="Samsung">Samsung</keyword> of colluding with e-commerce players Amazon and Flipkart. According to a <a href="https://www.reuters.com/world/india/india-accuses-samsung-xiaomi-colluding-with-amazon-flipkart-2024-09-14/">report </a>by Reuters, smartphone makers have been accused of colluding with e-commerce players to launch products on their platforms exclusively. The smartphone makers have also been accused of violating competition laws by giving preference to select sellers, prioritising listings, steeply discounting products and more. <h2>CCI submits report on Amazon and Flipkart</h2>The CCI has reportedly submitted a 1,027-page report on Amazon which has accused Samsung, Xiaomi, OnePlus, Motorola and Realme of being “involved in the practise of exclusive phone launches” and “colluding” with Amazon, breaking competition law. Similarly, the watchdog has submitted a 1,696-page report on Flipkart that has accused Samsung, Xiaomi, Lenovo, Motorola and Vivo of “colluding”. "Exclusivity in business is anathema” CCI's additional director general G.V. Siva Prasad said, as per the report. “Not only is it against free and fair competition but also against the interest of consumers," Prasad added. While the e-commerce giants Amazon and Flipkart reportedly downplayed the practice of launching “exclusive” smartphones, the practice was found to be “rampant” during the investigation. India’s e-commerce market is expected to grow from $57 billion in 2023 to over $160 billion in 2028. Smartphone maker Vivo currently has a market share of 19% in smartphone shipments, followed by Samsung and Xiaomi, which have a combined market share of over 35%. As per a recent <a href="https://www.businessinsider.in/tech/mobile/news/indian-smartphone-market-records-7-2-growth-in-the-first-half-of-2024-vivo-leads-the-market-in-q2/articleshow/112629172.cms">report</a> by the International Data Corporation, the shipments to online channels grew by 8% year-on-year to reach 50% in Q2 2024, up from 47% in Q2 2023. As per the report, the exclusive launches pushed customers towards these online platforms and harmed small retailers. The investigation stems from a complaint lodged by the Confederation of All India Traders (<keyword id="20143308" type="General" weightage="20" keywordseo="CAIT" source="keywords">CAIT</keyword>) in 2020. The traders body, which has over 80 million members had accused the smartphone makers and e-commerce players of disadvantaging offline retailers and favouring online exclusive launches. We should know more about the investigation and its impact on smartphone makers, e-commerce players and the future of exclusive launches in the coming weeks. SEE ALSO: <a href="https://www.businessinsider.in/business/auto/news/ford-is-returning-to-india-expresses-intent-to-restart-its-tamil-nadu-plant-for-exports/articleshow/113317956.cms">Ford is returning to India, expresses intent to restart its Tamil Nadu plant for exports</a> <a href="https://www.businessinsider.in/stock-market/webstories/western-carriers-ipo-price-band-to-risk-factors-all-you-need-to-know/slidelist/113312196.cms">Western Carriers IPO – Price band to risk factors, all you need to know</a> <a href="https://www.businessinsider.in/tech/mobile/news/iphone-16-pro-is-already-cheaper-than-the-iphone-15-pro-in-india-but-you-can-get-it-for-up-to-30000-cheaper/articleshow/113220789.cms">iPhone 16 Pro is already cheaper than the iPhone 15 Pro in India, but you can get it for up to ₹30,000 cheaper</a>

Xiaomi and Samsung accused of colluding with Amazon and Flipkart

<ul class="summary-list"><li>The National Association of Realtors announced a $418 million settlement to end antitrust lawsuits.</li><li>The NAR agreed to a new set of rules, which will reset long-held standards on commissions. </li></ul>Shares of real estate companies plunged on Friday following an announcement from the <a href="https://www.nar.realtor/newsroom/nar-reaches-agreement-to-resolve-nationwide-claims-brought-by-home-sellers">National Association of Realtors</a> that resolves a lawsuit with home-selling groups and effectively nixes the standard 6% commission for home purchases.In a landmark case, the NAR — which represents over one million real estate agents in the US — said it would pay $418 million over four years to settle with home sellers and rewrite certain business rules for brokers and agents. "NAR has worked hard for years to resolve this litigation in a manner that benefits our members and American consumers. It has always been our goal to preserve consumer choice and protect our members to the greatest extent possible. This settlement achieves both of those goals," Nykia Wright, interim CEO of NAR, said in a statement. Investors sold shares of public real estate listing sites and brokerages on Friday following the news:<ul><li>Anywhere Real Estate, down 17%</li><li><a href="https://markets.businessinsider.com/stocks/zg-stock">Zillow</a>, down 13.1%</li><li><a href="https://markets.businessinsider.com/stocks/comp-stock">Compass</a>, down 12.4%</li><li><a href="https://markets.businessinsider.com/stocks/rdfn-stock">Redfin</a>, down 5.9%</li></ul>In a case the NAR had said it would appeal, a jury found the group liable for <a href="https://www.cnn.com/2023/11/05/homes/nar-verdict-real-estate-commission-fee/index.html" target="_blank" rel="noopener">$1.8 billion</a> in damages for conspiring to keep commissions artificially high for agents. Other brokerages have since settled. Critics of the commission model in home purchases have said it makes property prices more expensive.As part of the settlement, the NAR has agreed to prevent sellers' brokers from determining the compensation for buyers' agents. The Realtor group also agreed to end requirements for brokers to use multiple listing services, and moving forward will require multiple listing services participants to enter written agreements with buyers. Taken together the changes will rewrite the longstanding real estate business model which had sellers pay their broker and the buyer's broker. "While the settlement comes at a significant cost, we believe the benefits it will provide to our industry are worth that cost," Kevin Sears, president of the NAR, said in a statement.

Real estate stocks plunge as NAR agrees to landmark settlement that rewrites rules on commissions

<ul><li>The campaign highlights <keyword id="6354742" type="General" weightage="100" keywordseo="flipkart" source="Orion">Flipkart</keyword>’s unique benefits for its sellers such as 0% Commission and a 2-step registration.</li><li>The Flipkart platform has a base of over 2 lakh sellers and 40 crore customers.</li></ul>Flipkart, India’s homegrown e-commerce marketplace, today announced the return of <keyword id="2878385" type="General" weightage="20" keywordseo="Flipkart-Seller-Hub" source="Orion">Flipkart Seller Hub</keyword>’s signature campaign #BachonKaKhel with three new films. The campaign highlights the unique benefits of the Flipkart platform – such as ease of doing online business with Flipkart's trusted base of over 4 lakh sellers and 40 crore customers and 3,000 delivery hubs that ensure fast and seamless delivery of packages. <div type="Youtube" id="BGnR6N8s-pE" title="Sell at 0% Commission | Bachon Ka Khel | Sell on Flipkart" thumbUrl="https://i.ytimg.com/vi/BGnR6N8s-pE/mqdefault.jpg"></div> “Bachon Ka Khel”, as the name suggests, talks about how running an online business on the <keyword id="6811553" type="General" weightage="50" keywordseo="flipkart-seller" source="Orion">Flipkart Seller</keyword> Hub is as easy as child’s play. The film features <keyword id="5341427" type="General" weightage="20" keywordseo="Bijendra-Kala" source="Orion">Bijendra Kala</keyword> as an agitated seller, <keyword id="66161" type="General" weightage="20" keywordseo="Namit-Das" source="Orion">Namit Das</keyword> as an enthusiastic seller, and Divyansh Dwivedi as the ‘bacha’ guide who explains how easy it is to do business on Flipkart. <div type="Youtube" id="KNdSQ7yOVxs" title="Pan India Fast Delivery | Bachon Ka Khel | Sell on Flipkart" thumbUrl="https://i.ytimg.com/vi/KNdSQ7yOVxs/mqdefault.jpg"></div> Conceptualized by Art-E MediaTech, this is the second part of the “Bachon Ka Khel” campaign. It explores the journey of the film’s cast as they venture into online selling and discover new growth opportunities. The film touches on some of the challenges that one might face – such as selling expensive products, or issues with long delivery times – and explains how these are addressed by the features of the Flipkart Seller Hub. Each brand film commences with Namit, the technology-savvy seller, talking about the latest updates and growth opportunities on their seller portal. Hearing him, the agitated seller, Kala, asks dubiously - “Bachon Ka Khel Hai Kya?”. At this point, Divyansh, the child, enters and explains the features of the Flipkart Seller Hub and how one can avail of tremendous growth opportunities by becoming a seller through a simple two-step process. Sharing his views on the campaign, Anshul Vasu, Senior Marketing Manager, Flipkart Marketplace said, "Flipkart offers a hassle-free process for all sellers to understand the system, expand their online business and enhance their selling experience by opting for our features and promotions. We constantly upgrade the seller portal with new features that help them boost their business and maximize profits. Moreover, we keep on adding learning material for our sellers to make sure they are up-to-date. With "Bachon Ka Khel" Part 2, we would like to educate our sellers on the benefits and growth opportunities that Flipkart Seller Hub offers, and encourage aspiring entrepreneurs to come forth." Rohit Sakunia, Co-founder and Chief Business Officer, Art-E MediaTech, said, “With more and more businesses leveraging technologies and online platforms to keep pace with the changing times and market landscape, we are working with Flipkart to find new campaign approaches in which we can engage with existing and prospective sellers. #BachonKaKhel narrates Flipkart Seller Hub’s salient features in a light-hearted, easy-to-understand manner with a clear message on how easy it is to embark on an entrepreneurial journey with Flipkart. We are closely tracking the campaign performance and expecting a sign-up rate twice as high as we witnessed previously. The campaign results and insights will also guide Flipkart in creating greater value for Flipkart Seller Hub as well as the sellers.”

Flipkart Seller Hub's new ad shows how running an online business is as easy as child’s play

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Xiaomi and Samsung accused of colluding with Amazon and Flipkart

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Real estate stocks plunge as NAR agrees to landmark settlement that rewrites rules on commissions

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Flipkart Seller Hub's new ad shows how running an online business is as easy as child’s play

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