online marketplace

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...

Global-e e-commerce vendor

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.

Platform News: Jack Ma, the founder of Alibaba

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 &#...

Platform News: ZipRecruiter

ZipRecruiter files to go public via direct listing

Online job marketplace ZipRecruiter has filed to go public through a direct listing on the New York Stock Exchange, the company said on Friday.

Platform News: Japan's SoftBank

SoftBank Vision Fund seen posting record earnings on Coupang

SoftBank’s $100 billion Vision Fund is widely seen reporting record earnings on the 12th of May after portfolio companies listed during the quarter, mostly driven by gain on ...

Platform News: Delivery Services across the world

Gojek, Tokopedia in $18 billion merger talks for Indonesia’s biggest deal

Indonesian ride-hailing and payments company Gojek and e-commerce leader Tokopedia are in advanced talks to secure a $18 billion merger before a possible dual listing in Jakarta an...

Platform News: Alibaba online marketplace

Alibaba beats sales forecasts on China e-commerce growth

Alibaba Group beat third quarterly revenue estimates on Thursday, driven by e-commerce expansion after China arose from coronavirus lockdowns, and said it was assessing the suspens...

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