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Invite Friends

Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
Like many other payment app, WeChat allows its users to send Packets of predetermined amounts to each other, either individually or in groups. But it also encourages users to send money to groups in randomized amounts. Say you have a chat group with five pals. You can put $5 in a red envelope and set it to disburse equally, so each friend gets $1. Alternatively, you could stipulate that the first two people to tap will get all the money in equal portions- $2.50 each - or that the first two people get a random cut, maybe $1 for one person and $4 for the other. The result is that any time a red envelope appears, people scramble to tap on it as fast as possible. (The packets expire in a day, adding to the time pressure.) Only afterwards do they see how much money they've won, giving it an addictive element of surprise. So addictive, in fact, that third-party apps now exist that let users grab red envelopes without unlocking their phones. More in this story about how a centuries-old tradition gave rise to China's most valuable company and captured the attention of everyone from teens to Silicon Valley

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Amazon infuses Rs 150 crore in payments business
The authorized share capital of Amazon’s payments arm in India, Amazon Online Distribution Services (AODS), has been increased to Rs 400 crore from Rs 69 crore. The company has also received capital infusion of Rs 150 crore, documents filed last month with the regulatory authority pointed out. Facebook Twitter Linkedin Email

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McDonald's cooks up new Indian breakfast menu including masala dosa burgers
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Here's why the garment industry is upbeat despite demonetization
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Shakeup at Flipkart symbolises intense battle against Amazon
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Hindustan Times
In the past three years Amazon, Flipkart's biggest rival has become a close second in India's $20 billion e-commerce market. In many months of 2016, Amazon outsold Flipkart, but somehow the home-grown e-commerce giant managed to stay ahead. articles  Facebook Twitter Linkedin Email
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Interview with Mr Jay Gupta, Managing Director, The Loot
2 April 2009, IndiaRetailNews.com

The Loot inaugurated its flagship store,spread over 20,000 sq ft at the Metro Junction mall in Kalyan on Thursday. The Loot is now present across 60 towns and cities. Mr Jay Gupta, MD, sat down with IndiaRetailNews.com to talk about his business and the Indian retail industry.

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