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 building

Exclusive: Amazon’s cloud unit readies more powerful data centre chip – sources

Reuters – Amazon’s AWS cloud computing unit has designed a second, more powerful generation of data centre processor chip, two sources familiar with the matter told Reu...

Platform News: Amazon building

U.S. to announce findings from probe of France’s tech tax on Monday

WASHINGTON (Reuters) – U.S. trade officials said they will announce any proposed action toward France on Monday when they release the findings from their investigation into t...

Platform News: Alibaba online marketplace

Alibaba in solid Hong Kong debut

HONG KONG (Reuters) – Alibaba Group’s Hong Kong shares made a solid debut on Tuesday, trading 6.9% higher than their issue price and at a small premium to pricing in Ne...

Platform News: Amazon building

Amazon files lawsuit contesting Pentagon’s $10 billion cloud contract to Microsoft

Reuters – Amazon.com Inc filed a lawsuit in a federal U.S. court on Friday contesting the U.S. Defence Department’s decision last month to award a Pentagon cloud comput...

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...

Platform News: Social Media Giants, including Facebook, Google and Twitter

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...

Platform News: Amazon building

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...

Platform News: Alibaba online marketplace

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...

Platform News: Amazon Prime Streaming 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...