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.

Platform News: Amazon

Amazon trots out YouTube-sized advertising business

Amazon pulled the veil off its sprawling advertising business for the first time, revealing a business larger than that of Google’s YouTube.

Amazon Prime Video Platform

Amazon hikes Prime membership fees in US as wages, costs rise

Amazon.com has said it was raising the price of its annual US Prime subscriptions by 17%, as it looks to offset higher costs for shipping and wages that it expects to persist this ...

Platform News: Big Tech

UK politicians: ‘Big Tech’ should reimburse victims of online scams

Big tech companies whose online platforms carry advertisements for scams should be made to reimburse victims, British lawmakers said, as part of wider efforts to combat a growing e...

Platform News: NFT

Marketplace bug sees at least $1 million of NFTs sold below market price

A bug in the largest NFT marketplace, OpenSea, allowed attackers to purchase at least $1 million worth of NFTs across multiple different wallets for significantly below market pric...

Joe Biden

White House to hold second Competition Council meet today

The White House is set to hold the second meeting of its Competition Council on Monday, federal agencies said over the weekend.

Platform Industry: Amazon corporate logo on a wall

Amazon to open fashion store where algorithms suggest what to try on

Amazon.com Inc’s recipe for the department store of the future includes algorithmic recommendations and what one corporate director called “a magic closet” in the...

White House

White House meets SME’s to discuss competition in tech sector

White House officials met with small and mid-sized companies to discuss competition issues in the tech sector, as momentum grows in the US Congress to rein in large technology comp...

Chinese Flag

China cyberspace regulator drafts new rules for internet behemoths

China’s cyberspace regulator has drafted new guidelines that will require the country’s internet behemoths to obtain its approval before they undertake any investments ...

Platform News: Amazon

How Amazon’s battle with Reliance for India retail supremacy became a legal jungle

For more than a year, Amazon.com and India’s Future Group have been locked in a complex legal stand-off that has stalled Future’s $3.4 billion sale of assets to the US ...

Platform Industry: Amazon corporate logo on a wall

Amazon shortens COVID isolation, paid leave for U.S. workers

Amazon.com Inc has told workers they only have to isolate for a week after testing positive for COVID-19, instead of 10 days, following updated US health guidance.

Platform Economy: Walmart retail store and online marketplace

Walmart to hire over 3,000 US drivers as it expands home delivery

Walmart has said it plans to hire more than 3,000 US delivery drivers and build out a fleet of all-electric delivery vans to support its “in-home” grocery delivery serv...

Platform News: Tencent conference and exhibition in China

Tencent raises $3 billion by trimming stake in Shopee-owner Sea

Chinese gaming and social media company Tencent Holdings has raised $3 billion by selling 14.5 million shares at $208 each in Sea, which owns e-commerce firm Shopee, according to a...

Chinese Flag

China targets online platforms in quest to ‘clean up’ internet

China will scrutinise online platforms such as social media networks and video-sharing sites to clamp down on fake accounts and information as part of its drive to “clean up&...

Platform Industry: Tencent logo at an event

Tencent hands shareholders $16.4 billion windfall in the form of JD.com stake

Chinese gaming and social media company Tencent will pay out a $16.4 billion dividend by distributing most of its JD.com stake, weakening its ties to the e-commerce firm and raisin...

Platform News: Tech Titans including Facebook, Google, Amazon and Apple

Big Tech critics ask Raimondo for meeting after critique of European proposals

Critics of tech giants like Google pressed Commerce Secretary Gina Raimondo for a January meeting after she expressed concern about proposed legislation in Europe aimed at reining ...