Monday October 13
- Jabong net revenues more than tripled, from Rs 143.3 crore to Rs 438.5 crore in the year ended March 31, 2014. net loss declined to Rs 293.4 crore from Rs 318.7 crore in the previous year.Private labels account for every fifth item shipped by the firm.Tier II and III cities, generated approximately 62 per cent of its net revenues in Q2 2014 (Apr-Jun). Link
- Amazon is going to open an actual bricks-&-mortar retail store in New York. The Manhattan space will contain a selection of inventory to accommodate local same-day delivery and shoppers who want to pick up products bought online, according to the Wall Street Journal, which cited unnamed sources. Amazon was also mulling over the idea of using the space as a showroom for its gadgets, such as Kindle e-readers and Fire smartphones, the report said. A successful trial could persuade the company to open stores in other cities around the country, the Journal said. The retailer has set up metal lockers around the country in places like 7-Eleven stores so people can conveniently pick up packages. Link
- Samsung Electronics' smartphone business is sagging badly, and it issued a profit warning for the September quarter. Link
- Truecaller, a mobile social app that builds a social number directory, raised $60m and has 85m (active?) users. Tools that rethink how to make those old-fashioned voice call things are getting very interesting right now. Link
- Line recorded $177M in Q2 (April-June) 2014 revenue (mostly from game-related purchases); also Line finally reveals its monthly active user count: 170 million monthly active users, out of a current count of 560 million registered users. (Japan: 54 million registered users, Thailand: 33 million, Indonesia: 30 million, Spain: 18 million, Taiwan: 17 million) The company originally intended to IPO this autumn, but has since postponed with an eye towards next year. Link
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