E-commerce platform Club Factory Friday said it has crossed 40 million active users mark in India.
"Club Factory has a worldwide user base of more than 70 million with 40 million users coming from India alone," the company said in a statement.
According to App Annie, Club Factory is ranked amongst the top e-commerce platforms in India and was the highest downloaded app in the shopping category in July, the statement said.
"Club Factory has ambitious plans for the Indian online retail market. With the Indian e-commerce market showing potential for huge growth, Club Factory has set sights on reaching every nook and corner of the country giving young Indian consumers easy access to affordable glamour at unbeatable factory prices," said Vincent Lou, Founder and CEO, Club Factory.
Tencent Games to host e-sports tournament in India with Rs 50 lakh prize money *Chinese internet major Tencent Games Friday announced the launch of India's biggest e-sports championship, 'PUBG MOBILE Campus Championship 2018', from September 26 to October 21, 2018.
"With a prize pool of Rs 50 lakh sponsored by Oppo India, the championship will be streamed across social media platforms to enable eSports enthusiasts across the country to view and follow the championship," the company said in a statement.
According to the rules of the tournament, squads of 4 from any campus in India can participate.
"Four knockout rounds including the semi-finals will shortlist the final 20 teams to compete for the ultimate trophy at the grand finals," the statement said.
Goals101 appoints Yahoo's ex-global engineering head as chief product officer *Financial technology firm Goals101 announced Friday the appointment of Shyam Ramamurthy as its new chief product officer.
"We are delighted to welcome Shyam as a valuable addition to our management team," Visham Sikand, MD and Co-founder, Goals101, said.
Ramamurthy will be responsible for setting and driving the product vision and technology roadmap for Goals101.
Ramamurthy has more than 30 years of experience in building global consumer and enterprise technology platforms and products across online media, search, web technologies, internet platforms, online advertising, robotics and IoT systems.
"He has led global product development teams in companies like Yahoo.com, Motorola, Oracle, Cygent and other organisations in the US and India," the statement said.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)