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.
BofA: Big tech-led equity inflows fuelling ‘mother-of-all asset bubbles’
A record rush to ‘big tech’ stocks saw equity funds bagging $27.8 billion inflows last week with the ongoing ultra-easy monetary policy creating the “mother-of-al...
Big Tech’s Democratic critics discuss ways to strike back with White House
Congressional Democrats have begun discussions with the Biden regime on ways to crack down on Big Tech. These include making social media companies accountable for the spread of di...
UK watchdog voices concern over $9.2 billion eBay-Adevinta deal
The UK competition watchdog has raised concerns over Adevinta’s planned acquisition of US e-commerce group eBay’s classified ads business, sending the Norwegian company...
Amazon takes battle with Future Group to India’s top court
Amazon took its legal challenge against partner Future Group’s $3.4 billion retail assets sale to India’s Supreme Court, as the US online marketplace tries to stop a ma...
Fear? China issues anti-monopoly rules targeting its platform giants
China’s market regulator released new anti-monopoly guidelines on Sunday that target internet platforms, tightening existing restrictions faced by the country’s tech gi...
Alibaba beats revenue forecast as Chinese shadow of regulators fall
Alibaba has beaten Wall Street estimates for third-quarter revenue, as its e-commerce business benefited from a switch to online shopping triggered by the global COVID-19 pandemic.
Douyin sues Tencent for monopolistic behaviour
ByteDance’s wildly popular short-video app Douyin has filed a complaint with a court in Beijing to sue Tencent for monopolistic behaviour and asked compensation, ByteDance ha...
EU versus ‘Big Tech’ hearing pushed back by two months
EU lawmakers, who are gearing up to curb the power of US tech giants, have told Amazon, Apple, Facebook and Google that they are willing to push back a proposed the 1st of February...
‘Greenwashing’ is rampant in online stores, consumer authorities find
Many of the “green” claims on companies’ websites are exaggerated, false and potentially illegal, according to a study of online shops and traders by the European...
Walmart plans big push to challenge Amazon on advertising
Walmart plans to expand its marketing business, including space for advertising at its US stores and sharing its enormous trove of retail data with brands, the world’s larges...
Joe Biden to reopen online health insurance marketplaces
President Biden will reopen the nation’s online health insurance market for people who cannot obtain coverage through their companies, the White House has said.
India retains its ban on 59 Chinese apps, including TikTok and WeChat
The Indian government has decided to keep its ban on the viral TikTok apps and 58 other China-made apps after reviewing responses from the businesses in question on issues such as ...
EU wants Amazon, Apple, Facebook and Google CEOs at February hearing
EU lawmakers have invited the CEO’s of Amazon.com, Apple, Facebook and Alphabet into a 1st of February hearing in Brussels as they attempt to crack down on the forces of US t...
Indian group says minister pledges strict foreign investment rules for e-commerce
A group representing millions of brick-and-mortar retailers in India has said it has received government assurances that stringent changes will be made to foreign investment rules ...