Direct-from-China e-commerce firm sees profits plummet 70 percent in first half of 2024 amidst stiff competition from Temu, as it plans IPO
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Amazon Antitrust Case Gets Go-Ahead In US Court
US federal judge says FTC and 18 states may proceed with landmark Amazon antitrust case, while dismissing some state charges
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Google Must Pay €2.4bn Fine, EU Court Rules
Appeal thrown out. Google must pay European Commission's €2.4bn fine for abuse of shopping comparison service, top EU court rules
Customers Flock To Shein South Africa Pop-Up Store
Chinese-founded online retailer Shein sees strong demand at first pop-up store in South Africa as it faces criticism from authorities
Amazon Shares Plummet On Slowing Sales
Amazon shares sink after it reports slowing sales amidst consumer bargain-hunting and competition from China's Temu and Shein
South Korea To Support Businesses Amidst E-Commerce Crisis
South Korean government to support small-business vendors on Qoo10-owned e-commerce platforms amidst payment chaos
Amazon Faces Double Tax Fraud Probes In Italy
Italian authorities investigate Amazon in second tax-evasion case after seizing 121m euros from Milan unit last week
Amazon Workers In Coventry Fail To Form Union
Amazon workers in Coventry lose union recognition ballot by just a handful of votes, amid allegations from the GMB
Bitcoin ‘Creator’ Craig Wright Admits He Is Not Satoshi...
Australian computer scientist Craig Wright referred to Crown Prosecution Service (CPS) to be considered for perjury charges
EU Accepts Apple’s Legal Commitments To Open NFC Access
Legal commitment over Apple's NFC-based mobile payments system, which is to be opened to rival payment operators
Amazon To Discontinue Astro Security Robot
End of the line for Amazon's Astro security guard robot for businesses, which will be bricked in September this year
Russia’s Central Bank Tells Businesses To Use Crypto To Avoid...
Sanctions busting. Russian businesses told to use cryptocurrencies and other digital options to make payments with foreign customers
Jeff Bezos To Sell $5 Billion Worth Of Amazon Shares
Needs to buy more yachts? After Amazon stock hits record high, founder Jeff Bezos to offload huge tranche of shares
EU Proposes Import Duties On China’s Temu, Shein, AliExpress...
European Union is reportedly drawing up plans to impose custom duties on a number of Chinese online retailers
Microsoft Shutters China Retail Stores
Microsoft reportedly shuts down all branded retail stores on Chinese mainland, four years after similar move internationally
Amazon Finally Breaches $2 Trillion Valuation
Long time coming. Amazon has reached a $2 trillion market capitalisation - six years after it passed a $1 trillion valuation
China-Linked Shein Faces Uphill Battle For IPO In US Or UK
China-founded fast-fashion company Shein faces political resistance in search for IPO venue, as major investors grow impatient
Amazon Mulls $5 Monthly Charge For AI Alexa – Report
“Desperate attempt” to monetise service. AI upgrade of Amazon's Alexa voice assistant will entail a monthly $5 or even $10 fee
Apple Drops ‘Buy Now, Pay Later’ Service
Apple sunsets its buy now, pay later service known as 'Apple Pay Later', and will rely on established third-party players
Tencent To Ban AI Avatars From Livestream Commerce
Chinese tech giant Tencent to ban AI hosts from livestream video platform as it looks to stem flow of low-quality content
Japan Passes Law To Allow Third Party App Stores, Payments
Copy of EU's DMA? Japan passes law that will require Apple and Google to open up their respective ecosystems
UK Retailers Sue Amazon For £1bn Claiming Data Misuse
Independent retailers sue Amazon for £1bn in biggest-ever UK retail case alleging company misused their data to launch rival products
Amazon’s First Trade Union Seeks Association With Largest US...
The Amazon Labor Union has moved to affiliation with the Teamsters union - one of the largest unions in America
Amazon Given FAA Clearance To Expand Drone Deliveries
US aviation regulator grants approval for Amazon to expand its drone delivery service beyond 'visual line of sight'
Google Invests $350m In India’s Flipkart
Google becomes minority shareholder in Walmart-owned Amazon competitor Flipkart as it progresses investment plans in India
Amazon To Refresh Alexa With AI, Charge Monthly Subscription –...
Alexa voice assistant to be upgraded with AI capabilities, and users charged a monthly fee not included in Prime, report states
Business Intelligence: Next-Generation Data Analytics
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Shein Subject To Most Stringent EU Digital Rules
Quick-growing fast-fashion company Shein must comply with most stringent level of EU digital rules after it passes key threshold
Google Begins Removal Of California News Ahead Of Proposed Law
Consequences of Assembly Bill 886. Google begins removing California news websites from some search results