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.

Share Prices, IPO and Stocks

Online used car seller Vroom raises $467.5 million in up-sized IPO

Online used car seller Vroom Inc raised $467.5 million in its US initial public offering, the company said, as the IPO market picks up momentum after the global pandemic placed man...

Spain Digital Tax

Spain’s lower house to draft new 3% digital tax on internet giants

Spain’s lower house has voted to begin drafting a 3% tax on revenues of internet giants, the latest of such moves by US trading partners that has spurred a US investigation a...

Platform Industry: Tesla's Elon Musk

Tesla’s Elon Musk calls for breakup of Amazon in tweet

Tesla and SpaceX CEO Elon Musk has called for Amazon.com to be broken up, after an author complained on social media about being unable to self-publish a book via the world’s...

Platform News: Worker at an automated Amazon Warehouse

Amazon is sued over warehouses after New York worker brings coronavirus home

Amazon.com has been sued for allegedly fostering the spread of the coronavirus by mandating unsafe working conditions, causing at least one employee to contract coronavirus, bring ...

US Trade Dept

America launches trade probe into digital taxes, preparing the ground for new tariffs

The United States is investigating digital services taxes being adopted or considered by Britain, Italy, Brazil and other countries, the US Trade Representative’s office said...

Platform News: Flipkart

Flipkart to re-apply for food retail license in India

Walmart Inc’s Indian e-commerce unit Flipkart has said it would re-apply for a food retail license in India after reports said its earlier proposal was rejected by the govern...

Platform Industry: Wall Street, IPO's and stock performance

China’s Dada targets IPO on the Nasdaq exchange amid US-China tensions

Chinese online grocery firm Dada Nexus has stated it aims to raise up to $280.5 million in a US initial public offering, attempting a listing on New York’s Nasdaq at a time o...

Platform News: Amazon packages

Amazon to offer permanent roles to 70% of its 175,000 new hires in the US

Amazon.com plans to offer permanent jobs to about 70% of the US workforce it has hired temporarily to meet consumer demand during the coronavirus pandemic, the company told journal...

Platform Industry: President Donald J Trump comments

Trump threatens social media shutdown, Executive Order incoming

US President Donald J Trump has threatened to regulate or shut down social media companies for stifling conservative voices, a day after Twitter attached a warning to some of his t...

Platform Economy: Starting a simple business with Shopify e-commerce

Shopify CEO says era of ‘office centricity is over; most staff to permanently work from home

The CEO of e-commerce platform Shopify has declared the end of “office centricity” and decided to keep company offices closed till 2021, allowing most employees to work...

Platform News: Amazon building

Amazon taps into food delivery services in India

Amazon.com is rolling out services to deliver food in India, pitting it against established players Swiggy and Zomato in a market that has seen explosive growth in the last few yea...

Platform News: Amazon building

Amazon’s French warehouses to reopen with 30% staff – unions

Amazon’s French warehouses are set to reopen today with about 30% of employees, three union officials said, ending a month-long dispute over whether the e-commerce giant was ...

Senegal Grocery Service Online

Senegal online food company sees sales double due to epidemic

Since the coronavirus reached Senegal, a growing number of residents in the capital have begun ordering groceries online, a welcome boost to a fledgling delivery service in a count...

Platform News: Japan's SoftBank

SoftBank proposes three new board members as Alibaba’s Jack Ma resigns

SoftBank Group Corp have stated that Alibaba co-founder Jack Ma will resign from its board, in the latest departure by a high-profile ally of CEO Masayoshi Son.