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.
Upgrade for EU antitrust rules, more funds for digital projects
The European Commission will revise its own antitrust principles to keep up with global changes and invest a fifth of its 750-billion-euro (approximately $890 billion) coronavirus ...
Amazon UK pays just $8 million corporation tax as sales hit $17.5 billion
Amazon.com’s main UK subsidiary, Amazon UK Services Ltd, paid only 6.3 million pounds (approximately $8 million) in corporation tax in 2019 despite the group reporting over $...
M&A: Tech leads crisis-driven boom with $350 billion deal rush
Global M&A volumes are exceeding $2 trillion for 2020, with technology making up almost a fifth of the total after mammoth deals such as SoftBank’s $40 billion purchase o...
This is why Walmart still wants in on the TikTok deal
Walmart stated it is pressing forward with its wish to put money into TikTok as Oracle takes the lead in a partnership with the Chinese video-sharing program.
Aldi trials click-and-collect grocery service in the UK
Aldi UK, the British arm of the German supermarket discounter, has said that it was trialling a click-and-collect grocery support to the very first time. ‘
France wants the EU to continue with a digital tax if global efforts fail
The EU should push ahead with its own digital taxation in the first quarter of 2021 if wider efforts to find an international solution don’t bring a breakthrough this season,...
Wall Street sees a bright side in ‘healthy’ tech stock selloff
Some of Wall Street’s biggest players are seeing the stock market’s recent tech-led selloff as a bout of turbulence as opposed to the beginning of a longer slide —...
Surge in e-commerce orders spurs race for ‘Tesla-like’ electric delivery vans
Delivery fleet operators facing regulatory strain in California and other states to purchase electric vehicles, but a surge in bundle deliveries because of COVID-19 lockdowns has i...
News short: Walmart to test drone delivery of groceries and household items
Walmart Inc said on Wednesday it might run a pilot project for delivery of grocery and home goods through automated drones, together with finishing shipping firm Flytrex, as the U....
SoftBank shares slide 7% as tech stock options bets unnerve investors
SoftBank Group closed some 7% down as the Japanese conglomerate’s bets on equity derivatives tied to listed platform businesses made investors uneasy amid a decline in market...
Crafty Etsy gets into S&P 500, Tesla misses out
Stocks of Tesla tumbled 7% in extended trade on Friday after the electric car and battery manufacturer was excluded from a group of businesses being added into the S&P 500, amo...
Four state attorneys general back Trump on social media regulation
Four Republican state attorneys general led by Texas backed President Trump’s push to narrow the capability of social networking companies to remove objectionable content and...
Amazon Japan submits improvement plan to regulators
Amazon Japan has filed a plan to the nation’s fair trade regulator on how it will enhance practices suspected of violating anti-trust rules, the Asahi Shimbun has reported.
Walmart’s Flipkart starts wholesale e-commerce service in India
India’s Flipkart established an online wholesale service for mom-and-pop stores and other small businesses on Wednesday, since the Walmart-owned business seeks to compete wit...