Commerce
Retail, online shopping, e-commerce, and social commerce are a huge and ever-changing industry. Our commerce news covers everyone from Amazon, Shopify and Walmart to all the newest and hottest DTC brands, as well as influencers making the shift into selling products online.
Featured Article
Amazon is fumbling in India
Amazon’s decision to overlook quick-commerce in India is now looking like a significant misstep.
Reliance, India’s largest conglomerate, reduced its workforce by 11%, or more than 42,000 people, in the financial year ended March 2024.
Jumia plans to raise more than $100 million in secondary shares to drive stalled user growth
African e-commerce company Jumia is selling 20 million American depositary shares over the next couple of weeks, TechCrunch has learned. The at-the-market transaction is to take advantage of strong results…
PayPal said on Tuesday that it is making its quick guest-checkout solution, Fastlane, available to all U.S. merchants after testing it with select businesses for a few months. Businesses will…
Manish Tiwary, the head of Amazon’s India operations, is leaving the firm “to pursue an opportunity outside of the company” as the U.S. e-commerce giant grapples with mounting pressure from…
Sources with knowledge of the deal said it was an all-stock transaction that valued Good Eggs slightly above its previous valuation of $22 million.
India’s fast-growing quick commerce market is getting a new deep-pocketed entrant: Walmart-owned Flipkart, India’s largest e-commerce firm. Flipkart has started to roll out Flipkart Minutes, its quick commerce service, in…
While both the DSA and DMA aim to achieve distinct things, they are best understood as a joint response to Big Tech’s market power.
Featured Article
Indian startups gut valuations ahead of IPO push
Ola Electric and FirstCry are set to test investor appetite with public listing, both pricing their shares below their previous valuation asks.
Startups are attracting serious funding to provide fun, alcohol-free drink options at the bar and in other social contexts. Earlier this year, canned water company…
Spain’s antitrust watchdog fines Booking.com nearly $450M for unfair terms and restricting rivals
The CNMC opened an investigation of Booking.com back in October 2022, following complaints by the Spanish Association of Hotel Managers and the Regional Hotel Association of Madrid.
When Egyptian B2B e-commerce platform Cartona last raised money in 2022, global and local investors were eager to invest in African startups solving the supply chain and operational challenges for…
Qoo10’s CEO pledges personal assets worth $58M to compensate Korean merchants affected by its liquidity crisis
During an emergency hearing held by the South Korean government, Young-bae Ku, Qoo10’s founder said he would secure the amount over the next 30 days.
Singaporean e-commerce firm Qoo10’s Korean units face probe due to payment delays to merchants
The e-commerce market in South Korea ranks as one of the largest in the world, but it’s also proving to be a precarious one. On Thursday, South Korea’s Fair Trade…
Google is no longer proposing to deprecate third-party tracking cookies in Chrome, instead suggesting that users be given an option to deny tracking.
The EC has announced an investigation into Berlin-based food delivery giant Delivery Hero and its Spanish subsidiary, Glovo, citing cartel concerns.
Indian food delivery and quick commerce startup Swiggy is pivoting one of its smaller businesses, Swiggy Minis, into a link-in-bio service.
Amazon’s Prime Day event clocked record sales this year, as U.S. consumers spent $14.2 billion across July 16 and 17, according to Adobe Analytics. This marks an 11% jump from…
Adobe’s report noted that consumers spent $7.2 billion on the first day as compared to $6.4 billion on the first day in 2023.
The tests indicate there are loopholes in TikTok’s ability to apply its parental controls and policies effectively in a situation where the teen user originally lied about their age, as…
The AI chatbot has been trained on Amazon’s product catalog, customer reviews, community Q&As, and other public information found around the web.
Dark patterns refer to a range of design techniques that can subtly encourage users to take some sort of action or put their privacy at risk.
XNXX joins handful of adult sites subject to EU’s strictest content moderation rules
The European Union has designated adult content website XNXX as subject to the strictest level of content regulation under the bloc’s Digital Services Act (DSA) after it notified the bloc…
Etsy has been grappling with an influx of generic “junk” and AI-generated products on its platform. The service revised its seller policy on Tuesday, introducing new labels that clarify whether…
Berlin-based food delivery giant Delivery Hero has warned investors it may “ultimately” face an antitrust fine of up to €400 million. The development, reported earlier by Reuters, follows unannounced raids…
In its latest step targeting a major marketplace, the European Commission sent Amazon another request for information (RFI) Friday in relation to its compliance under the bloc’s rulebook for digital…
Afloat, a gift delivery app that lets you shop from local stores and have gifts delivered to a loved one on the same day, is now available across the U.S. The…
Following raft of consumer complaints, Shein and Temu face early EU scrutiny of DSA compliance
Ultra-low-cost e-commerce giants Shein and Temu have only recently been confirmed as subject to centralized enforcement of the strictest layer of the European Union’s digital services regulation, the Digital Services…
Rohlik rolls up $170M to expand in European grocery delivery and sell its tech to others
The salad days of fresh grocery delivery startups are over, but those that have stayed the course, and built businesses that are seeing gains, are still here and hungry for…
TikTok is gearing up to challenge Amazon’s Prime Day event in July. The social network announced on Thursday that TikTok Shop is holding a “Deals For You Days” sales event…
