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.
Uber’s trucking unit to buy logistics planner Transplace for $2.25 billion
Uber Technologies Inc’s trucking business is buying transportation logistics company Transplace for about $2.25 billion from private equity firm TPG Capital, in a deal that i...
Pressure on Big Tech builds as Biden picks another critic for Justice post
Joe Biden nominated lawyer and Google critic Jonathan Kanter as the Justice Department’s antitrust chief in the latest sign the White House is determined to rein in the world...
Jeff Bezos’ journey from suburban garage to edge of space
Jeff Bezos, the founder of Amazon.com, is set to launch into space aboard his company Blue Origin’s New Shepard rocket, just nine days after rival Richard Branson became the ...
Australia’s Afterpay to launch banking app in October
Afterpay Ltd will launch its banking app in October to widen its offerings beyond buy now, pay later (BNPL) services for its 3.5 million-plus Australian users as competition intens...
US regulator sues Amazon, demands recall of hazardous products
The US Consumer Product Safety Commission (CPSC) has said it has sued Amazon.com to force the retailer to recall hundreds of thousands of hazardous products that it had distributed...
How Big Tech is faring against US lawsuits and probes
Big Tech platforms Google and Facebook were hit with a series of antitrust lawsuits by the US federal government and states on charges they are operating monopolies and abusing the...
After US push, EU pauses tax plan, but Ireland sticks to its guns
The European Union has agreed to delay a corporate tax plan for the bloc following pressure from the Biden-Harris administration and in a bid to facilitate a broader global tax dea...
Walmart’s Flipkart raises fresh funds for $38 billion valuation as IPO looms
Walmart Inc-owned Flipkart on Monday ushered back SoftBank Group Corp as an investor in a $3.6 billion funding round, doubling the Indian online retailer’s valuation to $37.6...
Moët Hennessy teams up with Campari in wines, spirits e-commerce venture
LVMH’s Moët Hennessy and Italy’s Campari have agreed to team up to invest in wines and spirits e-commerce companies and create a European ecommerce player in the sector...
The challenges facing Amazon’s new CEO, Andy Jassy
Amazon.com Inc now has a new CEO: Andy Jassy, the mastermind behind its lucrative cloud computing division, who succeeds company founder Jeff Bezos.
What’s next for Amazon’s Jeff Bezos? Look at his Instagram
Dwayne “The Rock” Johnson said it was time to bust out the tequila. Standing by the seashore, the celebrity wrestler and film star put his arm around Jeff Bezos, Amazon...
Amazon says FTC should take new chair off its cases
Amazon.com filed a petition asking for Federal Trade Commission (FTC) Chair Lina Khan to be recused on antitrust matters related to the online retail giant, according to documents ...
Big Tech wins two battles in fight with US antitrust enforcers
Facebook Inc won two big fights with antitrust enforcers – and joined the $1 trillion club for market capitalization – as a federal judge threw out two lawsuits against...
White House order pushes antitrust enforcement throughout US economy
The Biden-Harris White House is working on an antitrust executive order that aims to push government agencies to consider how their decisions will impact competition in an industry...