Expansion via franchising

Alibaba Group Holding Ltd, China's largest e-commerce firm, has set up a joint venture with Russian Direct Investment Fund, mobile operator Megafon and internet group Mail.ru. As part of deal, Alibaba will own 48% of AliExpress Russia. However, the other three companies will have a combined 52% stake in the e-commerce platform after contributing cash, ...

A woman, named Anjana Patel, has been cheated by the name of Patanjali franchise. The fraudsters have conned out Rs 81,000 from her after offering a franchise for Patanjali products. She had downloaded a franchise form after clicking on a fake website, www.patanjaliayurvedonline.in, created by the accused. The form was filled and submitted by her online. After ...

GreyOrange, a Singapore-based robotics company that makes its robots in India, is now expanding to the US, and is establishing its US headquarters in Atlanta, Georgia. The company says it will deploy 740 robots in Atlanta. GreyOrange also plans to manufacture and deploy 20,000 more robots in the next three years in the US. The ...

Da Milano has launched another store in Aerocity’s Worldmark 1, New Delhi. An affordable luxury leather accessories brand has started the first ever store in a corporate location. Covering mid to high-level price ranges, the collection at the newly opened store caters to corporates and tourists. The store provides a wide range of collection for ...

Chinese technology major Lenovo is growing its data centre business in India. The company will expand by collaborating with startups and government partners to host applications of companies in manufacturing, financial services, academia and healthcare sectors.  Lenovo is also looking to expand its Chennai facility by investing $1.2 billion in research and development (R&D) on ...