The reverse e-commerce market can be divided into three broad categories – The Open Box category, The Excess Inventory Stock, and the Unboxed-Refurbished category, which is beginning to gain a lot of traction
Electronics
Abu Dhabi’s Globalfoundries sues iPhone chipmaker rival over patent infringement
Globalfoundries – owned by Abu Dhabi’s sovereign wealth fund Mubadala – is seeking an import ban on iPhone parts
Entrepreneur of the Week: Himmi Bangia: founder of discount shopping website Barakatalan
Himmi Bangia launched Barakatalan, a discount website that is growing at an impressive rate
UAE prices revealed ahead of new Samsung S9 launch
Customers can pre-order the new smartphones which will include Samsung’s most advanced camera
2018 Predictions: Deepak Babani, executive vice chairman, Eros Group
Retail and hospitality: Electronics will grow bigger and faster, but not yet
$2bn Abu Dhabi fund launched to support Indian electronics market
Next Orbit Ventures aims to build infrastructure to cater to fast-growing market for electronic goods
Chinese electronics imports to UAE exceed $14bn in H1 2017
China was UAE’s top electronics trade partner, followed by Vietnam, the US, South Korea, and Japan
In pictures: Dubai’s GITEX Shopper 2017 returns
The eight-day shopping event will take place from 23-30 September and doors will open at 11.00AM and close at 11.00PM at the Dubai World Trade Centre.