PhonePe will likely go for an India listing, says Walmart CEO Doug McMillon

Walmart's payments company PhonePe is performing well in India, according to CEO Doug McMillon. Speaking in a recent interview, McMillon said PhonePe, if it enters ecommerce, will not compete with sister company Flipkart. He added that India was making great strides towards becoming a key global supplier. McMillon also discussed Walmart's huge ambitions in the country, stating that the $10bn annual export target set to be achieved by 2027 is now "more possible than five years ago". He also praised the government's collaborative approach to policymaking.

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Paytm may forego buyer app commission on ONDC: sources

This may help to further reduce the price on the open source network that is already challenging the duopoly of Swiggy and Zomato in the food delivery space.

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Respect African content moderators, says Facebook whistleblower

Globally, thousands of moderators review posts containing graphic content - keeping harmful material from appearing on users' feeds. Many work for third-party contractors rather than directly for tech companies.

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China’s JD.com promotes finance chief to CEO role as Xu Lei resigns

Xu Lei, who has officially been CEO for a year, said on a call with analysts after the company reported first quarter earnings that he had resigned to spend more time with his family.

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Intel, Boston Consulting Group team to sell AI to corporate customers

Intel Corp and Boston Consulting Group on Wednesday said they are working together to sell generative artificial intelligence tools to big businesses.

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Ecommerce not clicking as it did post pandemic; Namma Yatri daily rides in fast lane

After a pandemic-fuelled surge in online shopping, the industry is seeing moderate growth over the past few months. We have a detailed story on the state of play in the e-commerce market. This and more in today’s ETtech Morning Dispatch.

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Inflated pay dampens startup executives’ job hunt

Professionals who are drawing extremely high salaries and looking to move out from troubled startups are facing sharp cuts in compensation while switching jobs.

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