eCommerce

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

2 years 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

2 years 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

2 years 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

2 years 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

2 years 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

2 years 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

2 years 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

2 years ago

SEC Charges Celebrities Over Cryptocurrency Endorsements

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

2 years 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

2 years 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…

2 years 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…

2 years 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

2 years ago

Former FTX Engineer Pleads Guilty To Fraud Charges

Former engineering director of collapsed cryptocurrency firm FTX has pleaded guilty to six criminal charges, including fraud

2 years ago

Amazon Closes Acquisition Of Healthcare Provider One Medical

After US authorities refuse to challenge acquisition, Amazon closes its $3.9 billion deal for healthcare provider One Medical

2 years ago

Amazon Staff Push Back At Return-To-Office Order

Unhappy Amazon staff reportedly taking to internal websites and comms channels to complain about return-to-office order

2 years ago

Terra Co-Founder Do Kwon Charged By US SEC

Do Kwon, co-founder of the failed TerraUSD cryptocurrency, has been charged by US authorities with fraud, after months on the…

2 years ago

FTX’s Sam Bankman-Fried Bond Backers Revealed

As Sam Bankman-Fried faces questions over his use of a VPN, the identity of the $250 million bond guarantors are…

2 years ago

Chinese Version Of TikTok To Expand Food Delivery Service

Chinese version of Tiktok, Douyin, set to expand food delivery trial more broadly across China, capitalising on e-commerce success

2 years ago

Amazon Posts Annual Loss Amid Restructuring

Worse than anticipated earnings for Amazon on Thursday, amid difficulties after pandemic boom and 18,000 job losses

2 years ago

UK Government Details Plan To Regulate Crypto, Post FTX

HM Treasury reveals 'ambitious plans' to protect consumer and businesses by 'robustly regulating cryptoasset activities'

2 years ago

PayPal To Axe 7 Percent Of Workforce

More job losses as PayPal announces plan to lay off 2,000 staff amid “challenging macroeconomic environment”

2 years ago

Charities Criticise Move To Shut Down AmazonSmile

Charities criticise Amazon for surprise decision to shut down AmazonSmile donation programme that it said was 'spread too thin'

2 years ago

Feds Arrest Russian Founder Of Crypto Exchange Bitzlato

Bitzlato crypto exchange founder arrested in US for money laundering, and charged with $700m financial crimes

2 years ago

Bank of England Governor Questions Need For Digital Pound

Not surprising. Crypto critic and Bank of England Governor Andrew Bailey questions need for a digital pound

2 years ago

Amazon Staten Island Union Victory Upheld By Federal Board

Historic trade union victory at at Amazon’s Staten Island warehouse last year has been upheld, but Amazon said it will…

2 years ago

Amazon ‘Fully Committed’ To Alexa Despite Job Losses, Says Hardware Boss

Hardware boss insists Amazon is still committed to its Alexa voice assistant, despite major restructuring and job losses

2 years ago

Amazon To Close Three UK Warehouses

Amazon to close three UK warehouses this year as it plans to lay off 18,000 employees worldwide, following pandemic-era spending…

2 years ago

Study: Nine In Ten UK Game Sales Went Digital In 2022

Industry figures find nearly nine in ten video game sales were digital downloads last year, amidst pandemic-inspired home entertainment surge

2 years ago

Amazon To Axe More Than 18,000 Jobs

E-commerce giant Amazon is to axe thousands more staff than previous reported, as major layoffs continue in early 2023

2 years ago