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.
Anti-monopoly fine pushes Alibaba to first operating loss as public company
China’s top e-commerce platform Alibaba Group posted its first quarterly operating loss since going public in 2014 due to a record anti-monopoly fine by the country’s m...
Russia: IT firms must open offices in the country under new draft law
Foreign technology companies will be forced to open offices in Russia or face penalties such as advertising bans under draft legislation, a senior lawmaker has said, in a fresh mov...
Amazon wins $303 million court fight in blow to EU tax crusade
Amazon won its fight against an EU order to pay about 250 million euros (approximately $303 million) in back taxes to Luxembourg in a blow to competition chief Margrethe Vestager&#...
Israel’s Global-e valued at nearly $3.6 billion in Nasdaq debut
Shares of Global-e Online Ltd rose as much as 1% in their Nasdaq debut yesterday, giving the cross-border e-commerce platform a market capitalization of nearly $3.6 billion.
EBay taps into NFT frenzy, allows sale on platform
Ebay Inc is allowing the sale of non-fungible tokens for digital collectibles like trading cards, images or video clips on its platform, the first e-commerce company to tap into th...
Tech selloff in focus as Nasdaq falls away from record highs
Wall Street’s main indexes tumbled on Tuesday, with the Nasdaq opening down 2% before steadying a bit, as technology-related stocks with lofty valuations extended losses amid...
The coming storm: US state AG’s ask Congress for antitrust funding
On Monday, dozens of state attorneys general wrote to US lawmakers to urge Congress to fund their antitrust probes, which have resulted in big lawsuits filed against Google and Fac...
Jack Ma makes rare visit to Alibaba headquarters in Hangzhou
Alibaba founder Jack Ma, largely out of public view amid a regulatory clampdown on the group, made a rare visit to its Hangzhou campus during the e-commerce giant’s annual &#...
Amazon and union tussle over identifying witnesses as US labor board starts hearing
Amazon.com has lost a tussle over whether it could learn the names of witnesses before they testify at a hearing investigating claims that the company illegally interfered with a v...
Latin American’s MercadoLibre’s loss widens on higher taxes
MercadoLibre Inc has posted a larger quarterly loss, hit by a higher tax bill and weak margins, as the Argentine e-commerce giant boosts spending to respond to a surge in online sh...
EBay says open to accepting to cryptocurrencies in future
EBay Inc is open to the possibility of accepting cryptocurrency as a form of payment in the future and is looking at ways to get non-fungible tokens (NFTs) on its platform, the com...
Amazon expects spring windfall as US reopens, posts record profits
Amazon.com posted record profits from pandemic shopping and indicated sales would keep growing even as customers emerged from their homes in the reopening US economy.
Labor Board: Evidence presented by union in Amazon vote ‘could be grounds for overturning election’
The National Labor Relations Board on Wednesday said evidence submitted by the Retail Wholesale and Department Store Union (RWDSU) “could be grounds for overturning” Am...
Facebook reveals new features for creators to earn money from e-commerce sales
Facebook’s founder and CEO Mark Zuckerberg has said the company will build new features starting with Instagram for content creators to earn money from recommending products ...