The small town of Günzburg in southern Germany has set up its own online marketplace, with around 50 retailers. The initiative is a response to changes in consumer habits and the seemingly overwhelming competition from internet giants like Amazon.
Hindu nationalist groups are incensed over Amazon's flip-flops showing the image of India's independence icon Gandhi. Social media is brimming with angry comments against the e-commerce giant. Murali Krishnan reports.
Shares in the Chinese e-commerce giant Alibaba jumped more than 5 percent on Thursday after the company reported a 59 percent year-on-year increase in its first-quarterly revenue to nearly $5 billion.
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