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.

Census

2020 US census plagued by hacking threats

Reuters – In 2016, the U.S. Census Bureau faced a pivotal choice in its plan to digitise the nation’s once-a-decade population count: build a system for collecting and proces...

Smartphone Apps News: ByteDance and TikTok

TikTok accused in California lawsuit of sending user data to China

SAN FRANCISCO (Reuters) – A California college student has accused popular video-sharing app TikTok in a class-action lawsuit of transferring private user data to servers in ...

Platform News: Xiaomi

Xiaomi launches online lending service in India

NEW DELHI (Reuters) – Chinese smartphone maker Xiaomi Corp launched its online lending service in India, widening its offering of financial products in one of the world’...

Goldman Sachs

Goldman Sachs to launch new products and services on Amazon’s cloud

NEW YORK (Reuters) – Goldman Sachs Group Inc will be launching new technology-based products and services for its institutional clients on Amazon’s cloud next year, ban...

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.