Online Marketplace News
The latest news coverage of product and service marketplaces, ranging from broad and specialist e-commerce platforms through to classifieds and beyond.
New York accuses Amazon of backsliding over worker safety
New York state’s attorney general has asked a state judge to appoint a monitor to oversee worker safety at an Amazon.com Inc fulfilment centre in New York City, citing the re...
Amazon exec says Omicron’s impact on holiday spending uncertain
A senior Amazon.com executive said it remains too early to predict how the Omicron coronavirus variant will impact consumer spending during the holiday season but suggested that sh...
Chinese e-commerce platform Pinduoduo slumps after revenue miss
US-listed shares of Pinduoduo plunged as much as 18% in early trading on Friday after the Chinese e-commerce platform missed quarterly revenue expectations as new coronavirus outbr...
EU countries agree on common stance on new rules for US tech giants
EU countries have now agreed on a common position on new rules to curb the power of US tech giants and force them to do more to police their platforms for illegal content.
Amazon seeks to pause antitrust review of 2019 deal with India’s Future
Amazon.com Inc has asked India’s Supreme Court to pause an expedited review of allegations that the US business concealed information while seeking antitrust clearance for a ...
Visa’s Amazon spat shows power is shifting to retailers in fee battle
Amazon.com Inc’s latest spat with Visa shows big retailers, armed with a growing array of payment options, are gaining the upper hand in their power struggle with card provid...
China fines tech giants for failing to report 43 old deals
China’s market regulator said it was fining companies including Alibaba, Baidu and JD.com for failing to declare 43 deals that date as far back as 2012 to authorities, saying...
Visa’s chief financial officer expects to resolve fee row with Amazon
Visa expects to resolve its credit card fee dispute with Amazon.com in the UK and hopes to continue its co-branded credit card partnership with the e-commerce giant in the US, its ...
A look at the intimate details Amazon knows about us
As a Virginia lawmaker, Ibraheem Samirah has studied internet privacy issues and debated how to regulate tech firms’ collection of personal data. Still, he was stunned to learn the...
Amazon bans Visa cards in UK, stepping up battle with payments giant
Amazon.com Inc will stop accepting Visa credit cards issued in the United Kingdom from next year because of high transaction fees, the e-commerce giant has said, escalating its fig...
US warns against IP, trade secret risks in draft EU tech rules
Draft landmark EU rules requiring US tech giants to share information with rivals could put at risk companies’ intellectual property and trade secrets, the United States gove...
NBCUniversal to launch livestream shopping, following Big Tech’s lead
NBCUniversal is making its livestream shopping debut with a show on Instagram and other platforms during the holiday season, allowing viewers to buy clothing, home decor and other ...
Sources: Amazon seeking to settle EU antitrust investigations
Amazon is seeking to settle two European Union antitrust investigations to stave off potential hefty fines and orders to change its business practices, people familiar with the mat...
EU Commission to be sole enforcer of tech rules, EU countries agree
Representatives from EU countries have agreed that the European Commission will be the sole enforcer of new tech rules, with a limited role for national antitrust watchdogs instead...
SoftBank dragged into red by falling Vision Fund valuations
SoftBank Group Corp reported a 397 billion yen (approximately $3.5 billion) net loss for the July-September quarter, dragged down by a $10 billion investment loss at its Vision Fun...