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.

Megvii IPO

Exclusive: Blacklisted Megvii’s $500 million Hong Kong IPO hit by regulatory setback – sources

HONG KONG (Reuters) – Chinese AI firm Megvii Technology’s plans for a $500 million listing in Hong Kong have been dealt a setback, with regulators in the city asking th...

Alibaba

Alibaba, Aramco share sale bonanza fails to deliver banks fee windfall

HONG KONG (Reuters) – A late-year rush of giant global share sales led by Alibaba’s $13 billion Hong Kong listing and Aramco’s $26 billion initial public offering...

Social Media Giants

Factbox: How social media services handle political ads

SAN FRANCISCO (Reuters) – Online platforms including Facebook and Alphabet Inc’s Google face growing pressure to stop carrying political ads that contain false or misle...

Amazon

Amazon uses aggregated seller data to help business, it tells lawmakers

WASHINGTON (Reuters) – Amazon.com Inc uses “aggregated data” from sellers in its third-party marketplace to improve its overall business, the online retailer said...

Big Tech

Google, Facebook, Amazon and Apple offer defence in congressional antitrust probe

WASHINGTON/SAN FRANCISCO (Reuters) – Four top U.S. tech companies, Alphabet’s Google, Facebook, Amazon.com and Apple, responded to questions from a congressional commit...

Alibaba

Alibaba will raise up to $12.9 billion in Hong Kong listing – sources

(Reuters) – Alibaba will raise up to $12.9 billion in its Hong Kong secondary listing, two sources with direct knowledge of the matter said.

SalesForce CRM

Salesforce to use Amazon AI technology to improve call center services

Reuters – Business software provider Salesforce.com Inc said on Tuesday it would use artificial intelligence (AI) technology from Amazon.com Inc’s cloud computing unit ...

Megvii IPO

China’s Megvii seeks approval for Hong Kong IPO despite U.S. blacklist – sources

HONG KONG (Reuters) – Chinese artificial intelligence firm Megvii Technology Ltd plans to seek listing approval on Thursday for a Hong Kong IPO of at least $500 million, peop...

Amazon Prime Music

Amazon offers ad-supported free music streaming service

(Reuters) – Amazon.com Inc said on Monday it has introduced an ad-supported free version of its music streaming service Amazon Music, taking on rival Spotify Technology which...

FTC Investigation

FTC chief says has ‘multiple’ investigations of tech platforms

WASHINGTON (Reuters) – The chairman of the Federal Trade Commission said on Monday that his agency had multiple investigations of tech platforms, in addition to its known pro...

Alibaba’s books close early in $13.4 billion Hong Kong listing: sources

HONG KONG (Reuters) – Alibaba will close its order books early to prospective institutional investors as part of its $13.4 billion secondary listing in Hong Kong, according t...

Alibaba

Explainer: Why is Alibaba listing in Hong Kong?

HONG KONG (Reuters) – Chinese e-commerce giant Alibaba is set to price its first share sale in Hong Kong next week, raising up to $13.4 billion in what will be the largest de...

Pentagon Contact

US defence chief rejects Amazon’s accusations of bias in cloud contract

SEOUL (Reuters) – US Defence Secretary Mark Esper on Friday rejected any suggestion of bias in a Pentagon decision to award Microsoft Corp an up to $10 billion cloud computin...

Amazon

Amazon challenges Pentagon’s $10-billion cloud award to Microsoft

WASHINGTON (Reuters) – Amazon.com Inc on Thursday said it is contesting the Pentagon’s award of an up to $10 billion cloud computing deal to Microsoft Corp, expressing ...