e-commerce
Anti-monopoly fine pushes Alibaba to first operating loss as public company
China’s top e-commerce platform Alibaba Group posted its first quarterly operating loss since going public in 2014 due to a record anti-monopoly fine by the country’s m...
Israel’s Global-e valued at nearly $3.6 billion in Nasdaq debut
Shares of Global-e Online Ltd rose as much as 1% in their Nasdaq debut yesterday, giving the cross-border e-commerce platform a market capitalization of nearly $3.6 billion.
EBay taps into NFT frenzy, allows sale on platform
Ebay Inc is allowing the sale of non-fungible tokens for digital collectibles like trading cards, images or video clips on its platform, the first e-commerce company to tap into th...
Jack Ma makes rare visit to Alibaba headquarters in Hangzhou
Alibaba founder Jack Ma, largely out of public view amid a regulatory clampdown on the group, made a rare visit to its Hangzhou campus during the e-commerce giant’s annual &#...
Latin American’s MercadoLibre’s loss widens on higher taxes
MercadoLibre Inc has posted a larger quarterly loss, hit by a higher tax bill and weak margins, as the Argentine e-commerce giant boosts spending to respond to a surge in online sh...
EBay says open to accepting to cryptocurrencies in future
EBay Inc is open to the possibility of accepting cryptocurrency as a form of payment in the future and is looking at ways to get non-fungible tokens (NFTs) on its platform, the com...
Mastercard to buy digital ID verification firm Ekata in $850 million deal
Mastercard has agreed to buy digital identity verification company Ekata in a deal valued at $850 million, as the global payments processor bets on a boom in demand for companies i...
Yandex to launch e-grocery delivery in Paris then London
Yandex is set to launch its online grocery delivery in Paris in the second quarter of this year, the company said on Friday, after strong demand in Russia during the ongoing COVID-...
E-commerce pioneer Wenzel launches ‘Amazon on steroids’
Ralf Wenzel, formerly of Delivery Hero and Softbank Group, is launching a global rapid delivery retail platform, entering a field that is attracting huge investment and experiencin...
China fines Alibaba record $2.75 billion for anti-monopoly violations
China has slapped an 18 billion yuan (approximately $2.75 billion) fine on Alibaba Group, after an anti-monopoly probe found the e-commerce giant had abused its dominant market pos...
German union calls four-day strike at Amazon sites ahead of Easter
The trade union Verdi has called for workers at six Amazon sites in Germany to go on strike from Sunday evening for four days in the latest attempt to try to force the US e-commerc...
Flipkart in early talks for US listing via SPAC deal
India’s Flipkart is exploring going public in the United States through a deal with a blank-check firm, although a traditional stock market listing is much more likely, peopl...
Emerging Europe.com bolsters defences as Amazon enters Poland
As Amazon.com sets its sights on central and eastern Europe, the e-commerce giant will need to convince long-time Allegro shoppers like Elzbieta Modrakowska to click away from the ...
Indian group says minister pledges strict foreign investment rules for e-commerce
A group representing millions of brick-and-mortar retailers in India has said it has received government assurances that stringent changes will be made to foreign investment rules ...