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Club Factory’s breakout growth in India has squeezed rival e-commerce players

Club Factory’s breakout growth in India has squeezed rival e-commerce players

A Chinese e-commerce player is giving its rivals in India a run for their money. Hangzhou-based Club Factory has been rapidly cutting into the market share of competitors Flipkart, Snapdeal, and OLX, data intelligence firm Apptopia has found. The company clocked a 303% year-on-year growth in net new users globally in the last quarter of 2019, Apptopia data show.