Commerce

A day after the European Union dialed up its scrutiny of fast-fashion giant Shein, the bloc’s executive branch said that it has sent a fresh request for information (RFI) to the e-commerce platform under the Digital Services Act (DSA). The European Commission oversees larger platforms’

Chinese e-commerce and fast fashion giant Shein is facing fresh scrutiny in the European Union in relation to consumer protection rules following the launch of a coordinated action by the bloc’s Consumer Protection Cooperation Network (CPCN). The action is being conducted with reference to t

Amazon is eliminating a small number of roles in its Communications and Sustainability departments, according to an internal memo viewed by technewss. Per the memo, these cuts appear related to Amazon’s controversial return to office policy. In September, Amazon CEO Andy Jassy notified emp

The U.K.’s antitrust regulator has reached an agreement with Google to counter the scourge of fake online reviews. The internet giant has committed to several remedies. Bogus endorsements have blighted the web since the creation of user reviews, which is why regulators around the world have

Payments and financial solutions are two-a-penny at this point, but mostly for online e-commerce. What about physical stores? In 2023 Qomodo, a Milan-based “all-in-one” payment methods aggregator for physical merchants, came out with a €34.5 million ($36.9 million) pre-seed round (mos

Zomato’s quick-commerce business, Blinkit, is accelerating its expansion in India, but it expects losses to continue piling up as competition intensifies in India’s instant delivery market. Blinkit now aims to have up to 2,000 dark stores (small warehouses in residential areas that exc

Amazon has agreed to acquire Indian buy-now, pay-later startup Axio, deepening its push into financial services in one of its fastest-growing markets. The e-commerce group, which has held an equity stake in Axio for six years, signed the acquisition agreement in December after completing due dilig

It's now broadly accepted that customers and employees who receive corporate gifts end up appreciating the brand much more, and for not a lot of outlay. The market for this has thus exploded. One market player, the New York-based Snappy, which has raised over $125 million to date, is now acquir

It’s a new year, but drama in the WordPress community keeps going. Automattic, the company that runs WordPress.com, said that it would reduce its contribution to WordPress core, the open source project that acts as the backbone of most of Automattic’s products and ensures the longevity

Flipkart has hired Kabeer Biswas, the co-founder of Indian delivery startup Dunzo, as the Walmart-owned e-commerce group expands its quick-commerce business in the country. Biswas will lead Flipkart’s quick-commerce effort, called Flipkart Minutes, a source familiar with the matter told Tech

A new lawsuit alleges that the PayPal-owned browser extension Honey is cheating creators out of money. Honey, which PayPal acquired for $4 billion in 2019, works by automatically presenting users with relevant coupon codes as they shop. However, in a video posted last month, YouTuber MegaLag descr

Days after web hosting provider WP Engine won a preliminary injunction against WordPress co-creator Matt Mullenweg and rival hosting provider Automattic, Mullenweg announced that WordPress.org is taking a holiday break. WordPress.org — a site that provides access to WordPress plug-ins, themes, a

Yet another major investment is going down in the travel sector, underscoring its ongoing rebound after the COVID-19 pandemic. Prosus, the tech conglomerate controlled by Naspers, is paying $1.7 billion to acquire Despegar, one of the biggest online travel agencies in Latin America, to scale up its

The tourism and travel industries are finally back on track, expected to make a “full recovery” to pre-pandemic levels of activity, the UN said earlier this month. As an indicator of that, Hostaway, one of the bigger software startups in the space, is announcing a giant round of funding to doub