e-commerce
Tencent raises $3 billion by trimming stake in Shopee-owner Sea
Chinese gaming and social media company Tencent Holdings has raised $3 billion by selling 14.5 million shares at $208 each in Sea, which owns e-commerce firm Shopee, according to a...
China drafts rules on security reviews for apps influencing public opinion
China’s cyber regulatory body has issued draft rules governing mobile apps, including a requirement for security reviews of apps whose functions could influence public opinio...
Italy fines Amazon record $1.3 billion for abuse of market dominance
Italy’s antitrust watchdog said on Thursday it had fined Amazon 1.13 billion euros (approximately $1.28 billion) for alleged abuse of market dominance, in one of the biggest ...
Alibaba’s e-commerce empire under threat from Douyin, Pinduoduo
For more than a decade, Alibaba Group has been China’s undisputed e-commerce king but of late its crown has shown signs of slipping, unsettled by an influx of aggressive comp...
Alibaba overhauls e-commerce businesses, names new CFO
Alibaba Group Holding Ltd said it will reorganise its international and domestic e-commerce businesses and replace its CFO – changes that come as the tech giant grapples with...
Chinese e-commerce platform Pinduoduo slumps after revenue miss
US-listed shares of Pinduoduo plunged as much as 18% in early trading on Friday after the Chinese e-commerce platform missed quarterly revenue expectations as new coronavirus outbr...
France orders websites to remove online marketplace Wish
France has ordered search engines and online platforms to strip Wish from their listings over concerns about product safety and the US e-commerce marketplace said it was taking leg...
Visa’s chief financial officer expects to resolve fee row with Amazon
Visa expects to resolve its credit card fee dispute with Amazon.com in the UK and hopes to continue its co-branded credit card partnership with the e-commerce giant in the US, its ...
A look at the intimate details Amazon knows about us
As a Virginia lawmaker, Ibraheem Samirah has studied internet privacy issues and debated how to regulate tech firms’ collection of personal data. Still, he was stunned to learn the...
Russia’s Sberbank, enhancing AI offering, unveils second supercomputer
A second supercomputer and AI upgrades form part of Sberbank’s enhanced offerings of digital services such as cloud computing and virtual assistant software, CTO David Rafalo...
NBCUniversal to launch livestream shopping, following Big Tech’s lead
NBCUniversal is making its livestream shopping debut with a show on Instagram and other platforms during the holiday season, allowing viewers to buy clothing, home decor and other ...
Poland’s Allegro buys Czech online retailer Mall for $1 billion
Polish e-commerce group Allegro has agreed to buy Czech online retailer Mall Group for 881 million euros (approximately $1.02 billion) to create a regional platform, sending its sh...
Jack Ma, Trump and Xi: How Chinese billionaire flew close to the sun
This was supposed to be Jack Ma’s finest hour: a year ago to the day, his Ant Group was meant to go public in a $37 billion blaze of glory. Instead Beijing reined in his empi...
Shopify’s revenue rises in run-up to key holiday season; shares up
Canadian e-commerce giant Shopify Inc reported a 46% rise in quarterly revenue as consumer spending “normalizes” after a year of a pandemic-fuelled online shopping fren...
Amazon seen triumphing over Apple privacy changes in digital ad business
Amazon.com is expected to emerge as a winner in the digital advertising arena, surviving Apple’s privacy changes better than rivals Facebook and Snap.