eBay

Jumia, DHL and Alibaba will face off in African e-commerce 2.0

The business of selling consumer goods and services online is a relatively young endeavor across Africa, but e-commerce is set to boom. Over the last eight years, the sector has seen its first phase o

Jiji raises $21M for its Africa online classifieds business

Pan-African digital classifieds company Jiji has raised $21 million in Series C and C-1 financing from six investors, led by Knuru Capital. The Nigeria-based venture, co-founded by Ukrainian entrepren

No Libra-style digital currencies without rules, say EU finance ministers

European Union finance ministers have agreed to a de facto ban on the launch in the region of so-called global “stablecoins” such as Facebook’s planned Libra digital currency until t

Vinted, the second-hand clothes marketplace, raises $141M at a $1B+ valuation

The market for second-hand clothes — the “circular economy” as it’s sometimes called — has been on the rise in the last several years, fuelled by economic crunches, a des

Trouva, an online marketplace for independent boutiques, raises $22M

Amazon helped pioneer and now dominates the online marketplace business model, where a variety of merchants post items for sale on its platform for billions of consumers to discover and buy them. Toda

eBay to sell ticket marketplace StubHub to viagogo for $4.05 billion

eBay this morning announced it’s selling its ticket marketplace StubHub to Swiss ticket reseller viagogo for a cash price of $4.05 billion. The deal will merge StubHub U.S.-based marketplace wit

Singapore’s Qoo10 acquires Indian online marketplace ShopClues

Qoo10, a Singapore-based e-commerce firm, has acquired India’s online marketplace ShopClues in an all-stock deal, the two companies said Thursday. The deal, which per two people familiar with th

Kenyan telco Safaricom’s Alpha incubator faces uncertain future

Safaricom’s Nairobi-based Alpha innovation incubator may have an uncertain future, according to sources. With two high-level departures, and the passing of Safaricom’s CEO Bob Collymore, t

Why each Libra member’s mutiny hurts Facebook

There’s a strategic cost to the defection of Visa, Stripe, eBay and more from the Facebook-led cryptocurrency Libra Association. They’re not just names dropping off a list. Each potentially made L

Pegging Libra to just the $ could soothe regulators, a16z says

What if Libra wasn’t backed by a basket of international currencies, but only the dollar? Regulatory pushback to the Facebook -led cryptocurrency Libra has caused major partners — includin

Devin Wenig steps down as eBay CEO

This morning eBay announced that Devin Wenig has stepped down from the role of CEO. A former executive at Reuters, Wenig joined the company eight years ago this month as president of its global market

Is Knotel poised to turn WeWork from a Unicorn into an Icarus?

The day of reckoning for the “flexible office space as a startup” is coming, and it’s coming up fast. WeWork’s IPO filing has fired the starting gun on the race to become the game-chan

Facebook still full of groups trading fake reviews, says consumer group

Facebook has failed to clean up the brisk trade in fake product reviews taking place on its platform, an investigation by the consumer association Which? has found. In June both Facebook and eBay were

Libra, Facebook’s global digital currency plan, is fuzzy on privacy, watchdogs warn

Privacy commissioners from the Americas, Europe, Africa and Australasia have put their names to a joint statement raising concerns about a lack of clarity from Facebook over how data protection safegu

EBay will offer long-overdue Amazon shipping competitor next year

EBay had a front row seat for Amazon’s historic growth. The auction site does just fine, thank you very much, but in terms of revenue is only a fraction of the e-commerce giant. That ship has almost

EBay picks 5.5% stake in India’s Paytm Mall

EBay said today it is buying a 5.5% stake in e-commerce marketplace Paytm Mall as the global firm makes another push to gain in India’s fast-growing e-commerce market. The two firms did not disclose

Why commerce companies are the advertising players to watch in a privacy-centric world

The unchecked digital land grab for consumers’ personal data that has been going on for more than a decade is coming to an end, and the dominoes have begun to fall when it comes to the regulation...

Amazon expands Transparency anti-counterfeit codes to Europe, India and Canada

Amazon is no stranger to the nefarious forces of e-commerce: fake reviews, counterfeit goods and scams have all reared their heads on its marketplace in one place or another. Some even accuse it of tu

Lifestyle goods resale marketplace StockX raises $110M, pushing valuation past $1B

Detroit-based StockX, which provides a way for people to resell luxury and lifestyle goods including streetwear, bags, watches and shoes, is now valued at over $1 billion based on its most recent rais

Used car marketplace Motorway picks up £11M Series A

Motorway, the U.K. used car marketplace, has raised £11 million in Series A funding. Leading the round is Marchmont Ventures, the fund managed by Hugo Burge and Alan Martin (the former CEO and CFO of
Load More