ecommerce

Alibaba and Mastercard Launch Credit Card for US Small Businesses

3 months ago

Chinese e-commerce giant Alibaba and international payment system Mastercard have announced the launch of a joint credit card aimed at supporting small businesses in the United States. The new credit card will provide small companies with access to a range of financial services and special offers to help them grow.

Sci-Ecommerce Considering IPO in Singapore

3 months ago

Sci-Ecommerce, a company known for its electronic commerce solutions, is reportedly evaluating the possibility of conducting an initial public offering (IPO) in Singapore. According to available information, the company is actively exploring various financial options in its quest to find the best conditions for a successful offering.

Technical Glitches at Amazon: Checkout Errors Cause Frustration Among Shoppers

3 months ago

A recent glitch on the Amazon platform has raised significant concern among users, as many experienced issues while trying to complete their orders. Instead of the usual checkout page, customers were greeted with error messages, making it impossible to finish their purchases. The problem affected a large number of users across various devices, adding inconvenience to the collective shopping experience, as many were eager to place their orders before the weekend.

Alibaba Shed Monopolistic Practices, Says China Regulator

3 months ago

According to an official statement, Alibaba Group Holdings, the largest online retailer in China, has significantly altered its business practices to eliminate signs of monopolism. This conclusion was made by the State Administration for Market Regulation (SAMR) following a recent compliance check of Alibaba's adherence to antitrust laws.

Investment Giants in Talks Over Amazon Aggregator Merger

3 months ago

Amid the rapid growth of the aggregator market, two key players in private equity—Apollo Global Management and BlackRock—have initiated discussions to support the merger of two Amazon aggregators. These companies aim to combine their efforts to enhance their position in the rapidly changing market of organizations that gather various brands on the Amazon platform. Given the increased interest in equity capital within the e-commerce sector, smart investments from such large funds could lead to significant changes in the management and scalability of these aggregators.

Decline in Value: BlackRock to Auction Amazon Aggregator Once Valued at $1 Billion

3 months ago

Legendary investment firm BlackRock is set to auction an Amazon aggregator that was once valued at around $1 billion. This news marks a significant moment in the e-commerce market, as companies engaged in the aggregation and sale of products on Amazon are gaining popularity.

African E-Commerce Firms Merge to Expand Across the Continent

3 months ago

Recent developments in the African e-commerce market have drawn attention as several major companies announced plans to merge, aiming to create more powerful structures to boost their competitiveness and expand across the growing continent. Key aspects of the merger include a focus on improving logistics, expanding the range of products and services offered, and increasing the customer base in key markets such as Nigeria, South Africa, and Kenya.

MercadoLibre Slams Argentine Banks for Cartel Tactics

3 months ago

MercadoLibre, the largest e-commerce platform in Latin America, has issued a strong condemnation against the Argentine banking sector, accusing it of employing cartel tactics aimed at undermining its business model. In response to a sharp increase in fees and hidden charges that banks have recently implemented, MercadoLibre has formally lodged a complaint with local regulatory bodies and is calling for an investigation into the banks' actions.