e-commerce
Sources: Shopee to debut in Europe with Poland launch
Sea Ltd’s Shopee is preparing to launch in Poland and is currently recruiting sellers, two company sources with knowledge of the matter told journalists.
Singapore’s Shopee changes the game in Brazil’s e-commerce sector
Shopee took just two years to become Brazil’s most-downloaded shopping app, winning users to its low-cost marketplace with its game-changing approach to e-commerce: in-app mi...
EBay forecasts revenue below estimates as shoppers venture out
EBay Inc has forecast current quarter revenue below analysts’ estimates, signalling that reopening economies and vaccine rollouts could be putting an end to the pandemic-led ...
Invoking ‘Quit India’, minister welcomes Amazon, Flipkart ruling
India’s commerce minister welcomed a Supreme Court decision that Amazon and Walmart’s Flipkart should face investigations into alleged anti-competitive behaviour, sayin...
NLRB official: How Amazon interfered with Alabama union election
E-commerce giant Amazon.com interfered with a union election by installing a mailbox to collect ballots and by distributing paraphernalia encouraging employees to vote against orga...
Gloomy outlook dulls PayPal’s quarterly profit beat
Shares of PayPal Holdings fell 8% on the payment company’s downbeat current-quarter profit outlook that outweighed a better-than-expected profit in the second quarter from a ...
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...
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...
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...
Instacart taps Facebook app head Simo as CEO
Instacart named Facebook Inc app head Fidji Simo as its CEO, adding big tech expertise ahead of an expected stock market listing by the US grocery delivery platform.
What’s next for Amazon’s Jeff Bezos? Look at his Instagram
Dwayne “The Rock” Johnson said it was time to bust out the tequila. Standing by the seashore, the celebrity wrestler and film star put his arm around Jeff Bezos, Amazon...
Amazon says FTC should take new chair off its cases
Amazon.com filed a petition asking for Federal Trade Commission (FTC) Chair Lina Khan to be recused on antitrust matters related to the online retail giant, according to documents ...
Indian commerce minister says ‘Arrogant’ US ecommerce giants flout our laws
Indian Commerce Minister Piyush Goyal has ratcheted up the heat on US ecommerce giants like Amazon and Walmart, accusing them of arrogance and of flouting local laws by indulging i...
India plans tighter e-commerce rules amid complaints
India proposed banning flash sales on e-commerce websites and their affiliate entities should not be listed as sellers on their platforms, in a proposed tightening of rules that co...