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 sales growth slows in tame start to Jassy’s tenure as CEO

Amazon.com Inc has said sales growth would slow in the next few quarters as customers venture more outside the home, a tepid start to CEO Andy Jassy’s reign after 27 years wi...

Platform News: Snap Inc

From Facebook to Twitter, Big Tech sees social commerce driving sales growth

Led by Facebook, social media platforms from YouTube to Snap and Twitter are investing heavily in shopping features to drive revenue growth, a major theme that emerged during secon...

Platform News: China

International investor concerns mount over China’s tech rout

International investors were feeling bruised and uncertain on Tuesday as a third day of heavy selling hammered China’s top tech stocks and began to seep into currency and deb...

McDonalds

McDonald’s creates new unit to focus on global digital app

McDonald’s Corp is bringing its digital, data analytics, marketing, restaurant development and operations segments into one unit as it focuses on driving growth through its g...

Platform News: Ride-hailing app Uber Technologies

Uber’s trucking unit to buy logistics planner Transplace for $2.25 billion

Uber Technologies Inc’s trucking business is buying transportation logistics company Transplace for about $2.25 billion from private equity firm TPG Capital, in a deal that i...

Platform News: President Joe Biden talking about technology on the campaign trail

Pressure on Big Tech builds as Biden picks another critic for Justice post

Joe Biden nominated lawyer and Google critic Jonathan Kanter as the Justice Department’s antitrust chief in the latest sign the White House is determined to rein in the world...

Jeff Bezos

Jeff Bezos’ journey from suburban garage to edge of space

Jeff Bezos, the founder of Amazon.com, is set to launch into space aboard his company Blue Origin’s New Shepard rocket, just nine days after rival Richard Branson became the ...

Afterpay

Australia’s Afterpay to launch banking app in October

Afterpay Ltd will launch its banking app in October to widen its offerings beyond buy now, pay later (BNPL) services for its 3.5 million-plus Australian users as competition intens...

Platform News: Amazon

US regulator sues Amazon, demands recall of hazardous products

The US Consumer Product Safety Commission (CPSC) has said it has sued Amazon.com to force the retailer to recall hundreds of thousands of hazardous products that it had distributed...

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

How Big Tech is faring against US lawsuits and probes

Big Tech platforms Google and Facebook were hit with a series of antitrust lawsuits by the US federal government and states on charges they are operating monopolies and abusing the...

Platform News: European Union flags

After US push, EU pauses tax plan, but Ireland sticks to its guns

The European Union has agreed to delay a corporate tax plan for the bloc following pressure from the Biden-Harris administration and in a bid to facilitate a broader global tax dea...

Flipkart

Walmart’s Flipkart raises fresh funds for $38 billion valuation as IPO looms

Walmart Inc-owned Flipkart on Monday ushered back SoftBank Group Corp as an investor in a $3.6 billion funding round, doubling the Indian online retailer’s valuation to $37.6...

Wine Bottles

Moët Hennessy teams up with Campari in wines, spirits e-commerce venture

LVMH’s Moët Hennessy and Italy’s Campari have agreed to team up to invest in wines and spirits e-commerce companies and create a European ecommerce player in the sector...

Amazon's new CEO

The challenges facing Amazon’s new CEO, Andy Jassy

Amazon.com Inc now has a new CEO: Andy Jassy, the mastermind behind its lucrative cloud computing division, who succeeds company founder Jeff Bezos.