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Self-confidence, determination and an unperturbed endeavour of sailing against the wind are propelling women into success in the technology, startup and online-based businesses in Bangladesh. ....
The consumer rights watchdog of Bangladesh has fined 17 e-commerce firms for their failure to deliver products as promised and deceiving customers through false advertisements. ....
Provide more support for startups Experts urge government Star Business Report Star Business Report The startup scene in Bangladesh has huge potential but needs policy support to meet its demand for funding and make a bigger contribution to the economy, according to experts. For example, enhancing the country s brand image and ensuring accurate financial reporting could help local startups secure more foreign funds, they said. These comments came at a pre-budget roundtable on Venture Capital and Startups for a post-Covid Resilient Economy , jointly organised by the Venture Capital & Private Equity Association of Bangladesh and Capital Market Journalists Forum. Startups are already making a good contribution to the country s job market, especially for younger generations, said Planning Minister MA Mannan. ....
Alibaba aims big as it enters local food delivery market Alibaba has entered Bangladesh s burgeoning food delivery market by purchasing HungryNaki, the country s first on-demand delivery platform, demonstrating the Chinese multinational s ongoing efforts to grab a bigger share of the local e-commerce market. Officials of Daraz, a concern of Alibaba Group, and HungryNaki yesterday announced that the former had taken over all of the latter s tangible and intangible assets for an undisclosed amount. HungryNaki will continue to function as usual with its existing employees as a separate brand with an independent food delivery platform owned by Daraz. The development comes at a time when the local food delivery is expanding rapidly but still remains largely untapped. ....