online marketplace

Platform News: Amazon building

Amazon plans to more than double base pay cap for employees

Amazon.com Inc plans to more than double its base pay cap to $350,000, from its previous maximum salary of $160,000 for US employees, according to a company memo.

Platform News: China's Alibaba online marketplace

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 Office Building

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...

Pinduoduo

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...

Visa Payment

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 ...

Allegro: e-commerce player from Poland

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...

Shopify Canada

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...

Platform News: China's Alibaba online marketplace

Chinese prosecutors drop case against former Alibaba employee

Chinese prosecutors have dropped a case against a former Alibaba Group Holding Ltd employee accused of sexually assaulting a female colleague, saying they had determined he had com...

Singapore's Shopee

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...

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...

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...

Platform News: Flipkart

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...

Flipkart

Walmart’s Flipkart challenges India court order on antitrust probe

Walmart Inc’s Flipkart has filed a legal challenge against the restarting of an antitrust probe into the company, arguing in a court filing that the investigation would cause ̶...

Alibaba Office Building

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...

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