Commerce

India’s Meesho is rapidly gaining user traction, challenging entrenched leaders Flipkart and Amazon. The Bengaluru-headquartered startup, which operates a social commerce platform, is currently at a GMV run rate of over $5 billion and its eponymous app grew 32% year-over-year in December 202

E-commerce company eBay said today that it plans to let go of 1,000 employees or around 9% of its workforce due to the ongoing economic conditions. The company said in a blog post that it also plans to cut contract roles in the coming months. The company’s CEO Jamie Iannone admitted that the

France's data privacy watchdog, the CNIL, has fined Amazon's logistics subsidiary in France €32 million, or $35 million at today's exchange rate. The CNIL says that Amazon France Logistique has implemented a “surveillance system” that is “overly intrusive.” In particular, the

As Amazon initiates job cuts across its entire business, including its streaming division, the e-commerce giant is now laying off employees within its Buy with Prime segment. “We regularly review the structure of our teams and make adjustments based on the needs of the business and, following a r

The European Commission has sent requests for information (RFI) to 17 platforms subject to algorithmic transparency regulations under the bloc’s Digital Services Act (DSA), it said today. These asks are specifically in relation to requirements that platforms provide data access to researchers

Amazon’s computer vision and sensor-powered Just Walk Out retail technology, which allows customers to shop at stores and then skip the cashier line when it’s time to check out, is now expanding to corporate domains with support for employee badges as the payment mechanism. The retail g

After recently turning to generative AI to enhance its product reviews, e-commerce giant Amazon today shared how it’s now using AI technology to help customers shop for apparel online. The company explains it’s now using large language models, generative AI and machine learning to power

Ryan Reynolds-backed Mint Mobile exited to T-Mobile for $1.35 billion last year, and Sam Altman-backed “Ai Pin” startup Humane launched a pricey little device with a $24 monthly subscription that comes with phone number, unlimited data and as many AI-powered queries as you can muster.

Originally a Facebook group started during the COVID-19 lockdowns in 2020 that people used to cook healthy meals for others nearby, HomeCooks has now evolved into a comprehensive marketplace for chefs. It facilitates the entire process for its chefs, from cooking to delivery, and offers over 200 me

Egyptian B2B e-commerce startup MaxAB and Wasoko, a Kenya-based e-commerce player with operations in Tanzania, Rwanda, Uganda and Zambia, are in talks to merge operations, technewss has exclusively learned from multiple sources. technewss could not establish the terms of the deal. Sources say tal

The advent of the internet combined with the ability to customize items such as clothing long ago created a revolution in marketing, especially for merchandise purposes. I think we're all familiar with the “merch” phenomena by now, no? Benefiting from that long-term trend is SME-foc

Last week, pan-African e-commerce platform Jumia said it was discontinuing its food delivery service, Jumia Food. According to the company, its food delivery business didn't align with the current operational landscape and prevailing macroeconomic conditions in the seven markets, including Nige

Earlier this week, The Exchange argued that the PDD-Shein rivalry was worth keeping an eye on. PDD is a Chinese company that owns the well-known Pinduoduo e-commerce business as well as Temu, a discount online retailer that has seen quick growth in the U.S. market in recent years. The Exchange exp

Pan-African e-commerce platform Jumia has disclosed its intention to discontinue its food delivery service, Jumia Food. The company said its food delivery business is not aligned with the current operational landscape and prevailing macroeconomic conditions in the seven markets, including Nigeria,