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.
EBay forecasts bleak quarter as pandemic-driven online demand wanes
EBay Inc has forecast bleak first-quarter results, as the e-commerce platform tackles waning online demand, stiff competition and global supply chain disruptions, sending the compa...
Vestager says tech giants may prefer EU fines to compliance, cites Apple
Some US tech giants may prefer to pay a fine rather than comply with antitrust rules, the European Union’s antitrust chief said, and cited Apple’s fight with the Nether...
Fresh fears over Beijing regulatory crackdown drive China tech rout
Investor worries over the potential for a fresh wave of regulatory crackdowns by Beijing set off steep drops in Chinese tech shares.
Users should be allowed to sue US tech giants under EU rules, civil groups say
Individual users should be allowed to take US tech giants to court for breaching landmark EU rules aimed at curbing their power, Privacy International, pan-European consumer group ...
Analysis: Amazon defies break-up wave sweeping conglomerates
Amazon.com Inc has become the poster child of technology giants bucking the trend of major conglomerates breaking up, thanks to bright growth prospects shielding it from pressure t...
Union says Amazon continues to interfere with election at Alabama warehouse
A U.S. retail workers’ union has accused Amazon.com Inc of unlawfully interfering with a union election at an Alabama warehouse where the company had already been found to ha...
Growth stocks still not cheap, cautions JPMorgan
Tech-dominated “growth” stocks are still not cheap despite some sharp falls over the last six months, analysts at US investment bank JPMorgan has cautioned.
SoftBank seen trimming Alibaba stake to fill shortfall?
SoftBank is likely to trim its stake in Chinese e-commerce giant Alibaba, an analyst has said, as the Japanese tech conglomerate invests in unlisted start-ups through its second Vi...
Storm clouds gather at SoftBank Group as valuations slide
Storm clouds hang over SoftBank Group Corp as it prepares to report third-quarter earnings, with the valuations of top portfolio companies slipping and heavyweights departing the J...
US adds e-commerce sites operated by Tencent, Alibaba to ‘notorious markets’ list
Online marketplaces operated by China’s Tencent Holdings and Alibaba Group were included on the US government’s latest “notorious markets” list of entities ...
NYSE moves closer to NFT trading with trademark application
The New York Stock Exchange has filed an application to register the term “NYSE” for a marketplace for non-fungible tokens (NFTs), taking a step closer to setting up an...
Third Point sees more value in Amazon, likes some ‘old’ tech stocks
Hedge fund Third Point LLC said it added new positions and bulked up on names it already owned when markets sold off earlier this year and said that Amazon is at an “inflecti...
Alibaba creates virtual idol to promote Olympics merchandise
Chinese e-commerce giant Alibaba Group Holding has released a virtual idol promoting the 2022 Beijing Olympics, riding on a trend that has swept China.
Amazon plans to more than double base pay cap for employees
Amazon.com Inc plans to more than double its base pay cap to $350,000, from its previous maximum salary of $160,000 for US employees, according to a company memo.
Tech, growth shares shine in Amazon-led rebound after Meta rout
Growth and technology stocks rebounded late last week, as traders weighed stellar results from Amazon.com Inc against an unexpectedly strong US employment number that propelled Tre...