eCommerce

Amazon Shares Surge On Profit Spike

Amazon sees shares surge after reporting massive profit spike following $2bn loss in second quarter of last year

9 months ago

Kenya Halts Worldcoin Data Collection, Citing Privacy

Setback for Sam Altman's Worldcoin cryptocurrency project in Africa, as Kenya halts its iris-scanning data collection scheme

9 months ago

Amazon Clinic Rolls Out Across US, As Healthcare Push Continues

Amazon's virtual doctor's surgery, known as Amazon Clinic, is now available in all 50 US states, as well as Washington…

9 months ago

China Delivery Giant Meituan Expands Livestream Commerce

Chinese food delivery giant Meituan expands livestreaming to attract consumers in face of competition from TikTok sister site Douyin

9 months ago

FCA CEO Warns Of AI Disruption To Financial Services Sector

Head of financial regulator warns of threat posed by AI for online fraud and cyber risk, as UK seeks leadership…

9 months ago

Amazon Challenges EU ‘Gatekeeper’ Designation

E-commerce giant Amazon pushes back against European listing it as an online gatekeeper, subjecting it to new laws

9 months ago

FTC Sues Amazon For ‘Duping’ Customers With Prime Subscriptions

American regulator sues Amazon, alleging ‘deceptive’ Prime sign-up and cancellation process for millions of customers

10 months ago

Amazon Faces Senate Warehouse Safety Investigation

US Senator Bernie Sanders leads Senate investigation into Amazon’s workplace safety practices, amid injury and turnover concerns

10 months ago

Largest US Publisher Sues Google Over Online Ad Monopoly

Newspaper publisher Gannett files lawsuit against Alphabet's Google, and alleges monopoly of online advertising sector

10 months ago

Megaupload Staff Jailed For Role In Kim Dotcom Business

Two executives of banned file storage site Megaupload have been sentenced to prison, after agreeing to testify against Kim Dotcom

10 months ago

TikTok To Invest Billions In Southeast Asia For E-Commerce Push

ByteDance looks to Southeast Asia amid Western pressure, and pledges significant investment in region to bolster e-commerce

10 months ago

Amazon Uses AI To Track Down Fake Reviews

Amazon introduces new AI tools to track down fake reviews, tests generative AI to summarise users' comments

10 months ago

Amazon To Discontinue Celebrity Voices For Alexa – Report

No more personalisation. Voices of Samuel L. Jackson, Shaquille O’Neal, and Melisssa McCarthy are to stop working on Alexa devices

11 months ago

Amazon Staff Walkout Over Environment, Return To Office Policies

Challenge to Andy Jassy, as Amazon corporate workers set to walkout over return-to-work and environmental policy frustrations

11 months ago

Amazon Offers Term Time-Only Working Amidst Strikes

Amazon offers term time-only working for warehouse staff with children as it faces union recognition bid and ongoing strike action…

11 months ago

Bail Rescinded For Terra Co-Founder Do Kwon

Higher court in Montenegro rescinds 800,000 euro bail for Do Kwon due to flight risk concerns, after US and South…

11 months ago

Amazon ‘Adding ChatGPT-Like Features’ To Product Search

Amazon reportedly developing ChatGPT-like features for main product search, as it seeks to add conversational interface to Astro robot

11 months ago

Budget Shopping App Temu Launches In Europe

Fast-growing Chinese-owned budget shopping app Temu begins selling in UK, other European countries after US launch last September

12 months ago

EU Agrees Comprehensive Framework For Crypto Regulation

EU Parliament approves 'Markets in Crypto Act' (MiCA) for regulation of crypto transparency, disclosure, authorisation, and supervision

12 months ago

UK Government To Deliver Crypto Laws In Next 12 Months – Report

Treasury minister says UK could introduce specific laws aimed at regulating cryptocurrency in next 12 months

1 year ago

US Congress Targets China’s Shein, Temu In Latest Backlash

US Congress advisory group singles out popular China-linked fast-fashion apps Shein and Temu over data concerns

1 year ago

Foreign Cash Flows Into China On Alibaba Breakup Plan

Foreign investment in China surges after Alibaba announces breakup plan, as investors see sign of more business-friendly attitude from Beijing

1 year ago

Apple Launches Buy Now, Pay Later Service For US

Fintech move for Apple after it launches service to allow consumers in the US to pay for purchases over time

1 year ago

Alibaba Group To Split In Major Restructure

Alibaba Group to split into six independent unit in major restructure following years of intense pressure from regulators

1 year ago

Alibaba’s Jack Ma Returns To China After Year’s Absence

Jack Ma reportedly visits school in Hangzhou after year's absence from mainland China, as regulatory crackdown eases

1 year ago

SEC Charges Celebrities Over Cryptocurrency Endorsements

Lindsay Lohan, Jake Paul and other celebrities charged by the US financial watchdog over cryptocurrency endorsements

1 year ago

Amazon To Cut 9,000 More Jobs

Amazon to cut further 9,000 jobs as it looks to 'streamline' company as uncertain economy follows pandemic hiring spree

1 year ago

Silvergate Bank To Close Down, Amid FTX Aftermath

Silvergate Capital, one of the two main banks for the crypto industry, announced on Wednesday that it will wind down…

1 year ago

Lawyers For FTX’s Sam Bankman-Fried Hint At Trial Delay

Legal team for former FTX CEO Sam Bankman-Fried suggest they may need more time to prepare legal defence of their…

1 year ago

Amazon Pauses Construction At Second HQ In Virginia

Construction on the second phase Amazon's HQ2 in Virginia has been paused, amid cost cutting at the e-commerce giant

1 year ago