Marketplace

Platform News: Social media titan, Facebook

Facebook expands Shops to WhatsApp, Marketplace in commerce push

Facebook Inc is expanding its “Shops” feature to its messaging app WhatsApp in several countries and to Facebook Marketplace in the United States, the company said on T...

Aihuishou

Used electronics trading platform Aihuishou to raise up to $1 billion

Chinese electronics trading platform Aihuishou is aiming to raise between $500 million and $1 billion in a US IPO by early June, two people with direct knowledge of the situation h...

Taobao

Taiwan tells Taobao to re-register or leave island

Taiwan gave e-commerce site Taobao Taiwan six months to re-register as Chinese-backed as opposed to foreign or leave the island, at the government’s most recent shot against ...

VW

Volkswagen sees AWS-built ‘industrial cloud’ as future B2B marketplace

Europe’s largest automaker, is expanding its cloud-based software and data portal, aiming to develop it into an industry-wide marketplace where business customers can buy and sell ...

Platform Industry: Ebay app and online marketplaces

Adevinta buys eBay’s classifieds unit for $9.2 billion

E-commerce titan, Ebay has agreed to sell its classified ads business to  Adevinta in a deal worth some $9.2 billion, thus creating the world’s largest classifieds group, the...

Used cars

Online used-car seller Shift to go public through reverse merger

Online used-car seller Shift Technologies has said it plans to go public later this year through a reverse merger with a blank-check company, as US capital markets rebound after th...

Zalando

Online fashion stocks in vogue as coronavirus speeds e-commerce

Shares in online fashion retailers Zalando and ASOS jumped on Thursday after the German company said it expects a big increase in second-quarter sales and operating profit as coron...

Platform Industry: Amazon branding on screen

Exclusive – Amazon pauses sellers’ loan repayments amid coronavirus

Amazon.com Inc has said it temporarily would not require sellers in its marketplace to repay loans it had made to them, as merchants confront the prospect of declining sales during...

Platform Industry: Ebay app and online marketplaces

EBay looking to sell South Korean unit: report

 A Seoul, South Korea-based newspaper is reporting that EBay Inc is looking to sell its South Korean unit, which includes Gmarket, one of the largest online marketplaces in the cou...