Online Marketplaces

Platform News: Amazon

How Amazon’s battle with Reliance for India retail supremacy became a legal jungle

For more than a year, Amazon.com and India’s Future Group have been locked in a complex legal stand-off that has stalled Future’s $3.4 billion sale of assets to the US ...

Platform News: Amazon packages

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 ...

EBay revenue outlook disappoints as pandemic-led boom fades

EBay has projected holiday-quarter revenue below market expectations, another sign that the online shopping boom fuelled by the pandemic was tapering as consumers returned to store...

Platform Industry News: Amazon

US Senator Warren urges Amazon breakup, India retailers seek probe

US Senator Elizabeth Warren called for breaking up Amazon.com Inc and Indian retailers demanded a government probe of the company after an investigation by our content partners Reu...

Platform News: Amazon building

Amazon settles with employees allegedly fired for criticizing working conditions

Amazon and the US National Labor Relations Board (NLRB) have apparently reached a settlement with two former employees who alleged they were fired last year for criticizing the wor...

JD.com

JD.com adds record new users in Q2 amid regulatory tightening

Chinese e-commerce giant JD.com Inc told investors it does not expect any business impact from a wave of regulations hitting Chinese industry, after beating analysts’ expecta...

Platform Industry: Ebay app and online marketplaces

EBay forecasts revenue below estimates as shoppers venture out

EBay Inc has forecast current quarter revenue below analysts’ estimates, signalling that reopening economies and vaccine rollouts could be putting an end to the pandemic-led ...

India Commerce Minister

Invoking ‘Quit India’, minister welcomes Amazon, Flipkart ruling

India’s commerce minister welcomed a Supreme Court decision that Amazon and Walmart’s Flipkart should face investigations into alleged anti-competitive behaviour, sayin...

Platform News: Online marketplace Amazon Delivery

Amazon loses bid to stop New York from probing COVID-19 standards

A federal judge has dismissed Amazon.com Inc’s lawsuit to block New York’s attorney general from investigating the online retailer’s ability to protect warehouse ...

Platform News: India and the Indian platform economy

Indian commerce minister says ‘Arrogant’ US ecommerce giants flout our laws

Indian Commerce Minister Piyush Goyal has ratcheted up the heat on US ecommerce giants like Amazon and Walmart, accusing them of arrogance and of flouting local laws by indulging i...

Platform News: China's Alibaba online marketplace

Alibaba beats revenue forecast as Chinese shadow of regulators fall

Alibaba has beaten Wall Street estimates for third-quarter revenue, as its e-commerce business benefited from a switch to online shopping triggered by the global COVID-19 pandemic.

Green

‘Greenwashing’ is rampant in online stores, consumer authorities find

Many of the “green” claims on companies’ websites are exaggerated, false and potentially illegal, according to a study of online shops and traders by the European...

Platform News: India and the Indian platform economy

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 ...

Platform Industry News: Amazon

Amazon to face US union push in year ahead

In 2021, Amazon.com Inc is poised to confront a renewed challenge from groups it has long countered: the unions. Energized by protests at Amazon’s US warehouses along with a ...

Flipkart

Flipkart and PhonePe have room for other investors, Walmart CEO says

Walmart’s Indian e-commerce company Flipkart and electronic payments firm PhonePe have room for different investors and may raise money in many ways including stock exchange ...