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.

European Commission

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

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 $...

Wall Street

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...

Walmart

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.

Online Groceries

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. ‘

European Union

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

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 —...

Electric Vehicles Battery

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...

Walmart

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 Group CEO

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...

Tesla Factory

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...

Trump Social Media

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

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.

Flipkart

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...