Bangladesh Bank has requested the commerce ministry to appoint firms to conduct financial audits of nine errant e-commerce organisations.

Bangladesh Bank (BB) has requested commerce ministry to appoint audit firms to conduct financial audits of nine errant e-commerce firms.

Tech-based logistics provider Paperfly has recently sent a legal notice to beleaguered e-commerce platform Evaly asking for the settlement of outstanding payments for delivery service charges of Tk 7 crore.

Tech-based logistics provider Paperfly has recently sent a legal notice to beleaguered e-commerce platform Evaly asking for the settlement of outstanding payments for delivery service charges of Tk 7 crore.

Jamuna Group has retracted its plan to invest in Evaly after analysing the beleaguered e-commerce platform’s assets and liabilities and business strategy, said a top official of Jamuna Group yesterday.

Jamuna Group has decided to cancel its plan to invest in controversial ecommerce platform Evaly, said a top official of Jamnua Group today.

The country’s largest business-to-business (B2B) e-commerce platform, ShopUp, yesterday said it raised $75 million or nearly Tk 640 crore in its latest round of fund-raising as it looks to ramp up its operation by bringing small neighbourhood groceries and small retail shops online.

E-commerce company Evaly said it owed around Tk 206 crore to merchants. 

The liability of Evaly to its merchants stood at Tk 205.86 crore as of July 15, the beleaguered e-commerce company said in a reply to a show-cause notice issued by the commerce ministry.

Online marketplace Daraz has launched a special campaign to celebrate its seventh anniversary along with expressing gratitude to its customers and well-wishers.

Sea’s Shopee took just two years to become Brazil’s most-downloaded shopping app, winning users to its low-cost marketplace with its game-changing approach to e-commerce: In-app mini-games offering coupons to winning users. 

Bangladesh Bank yesterday said e-commerce platforms would not be able to receive payments in advance for any products or services rendered.

Jamuna Group has not finalised its decision to invest in Evaly yet, said two top officials of the Jamuna group.

The e-Commerce Association of Bangladesh (e-CAB) recently suspended memberships of four e-commerce firms for failing to provide satisfactory responses to customer complaints.

The VAT intelligence directorate has filed a case against online shopping platform Eorange.shop alleging value-added tax (VAT) evasion.

Evaly has nearly Tk 311 crore liabilities to more than two lakh customers, according to the submission of the beleaguered e-commerce platform to the commerce ministry yesterday.

Evaly has nearly Tk 311 crore in liabilities to its customers, 45 per cent higher than a probe finding of Bangladesh Bank, according to a submission by the e-commerce platform to the commerce ministry today.

The VAT intelligence has filed a case against online shopping platform E-orange on the allegation of evasion of value-added tax (VAT).

The e-Commerce Association of Bangladesh (e-Cab) has recently suspended the membership of four e-commerce firms, as they did not send satisfactory response to the complaints consumers filed.

The Bangladesh Financial Intelligence Unit yesterday asked banks to submit the account details of Evaly along with its managing director (MD) and chairman.