online retailer

If the reviews of the last completely necessary and not at all superfluous thing you bought on Amazon looked like so much copypasta, there’s a good reason: Fake reviews abound…

Amazon sues admins from 10,000 Facebook groups over fake reviews

TikTok announced today a new initiative designed to help small businesses better market themselves on its app — and eventually become TikTok advertisers. The company is introducing a free program…

TikTok targets small businesses with new ‘Follow Me’ educational program

The cost of failing to report — or incorrect reporting of — proceeds from crypto-related activities could be extremely high if the IRS gets you in its crosshairs.

IRS FUD: What you need to know about crypto taxes

Two of the world’s largest e-commerce players are joining joined hands. Major Chinese online retailer JD.com has formed a strategic partnership with Ottawa-based Shopify to help global brands tap China’s…

Shopify and China’s JD.com team up to capture cross-border sellers

Klarna has doubled its customer base in the United States to over 21 million customers. 

Klarna offers ‘Pay Now’ option in US, Klarna Card coming soon

Verishop, the Los Angeles online retailer founded by former Snap executive Imran Khan, launched a little over a year ago to change the way people shop online. Now the company…

Imran Khan’s Verishop adds Verified Shops, a way for emerging brands to set up shop in its digital mall

Welcome back to The TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s broadly based on the daily column that appears on Extra Crunch, but free, and made for your weekend reading. You can…

Palantir and the great revenue mystery

One of the largest owners of shopping mall real estate in the United Stages, Simon Property Group, has been talking to Amazon about transforming its anchor department stores into Amazon…

Abandoned mall department stores may become Amazon’s next fulfillment centers

JD.com, the online retailer that is Alibaba’s long-time nemesis, announced Wednesday a strategic partnership with Kuaishou, the main rival of TikTok’s sibling in China, Douyin. The collaboration is part of…

China’s top short video apps and e-commerce giants pally up

It seems the demand for Safaricom’s M-Pesa payment product never eases. Since its 2007 launch in Kenya, the fintech app has commanded over 70% of the mobile money market in…

Africa Roundup: Visa connects to M-Pesa, Flutterwave enters e-commerce

San Francisco and Lagos-based fintech startup Flutterwave has launched Flutterwave Store, a portal for African merchants to create digital shops to sell online. The product is less Amazon and more eBay —…

African fintech firm Flutterwave launches SME e-commerce portal

Pan-African e-commerce company Jumia and B2B agtech startup Twiga Foods are partnering to deliver produce in Kenya using adaptive measures during COVID-19. Jumia offers online goods and services verticals in…

Goldman-backed ventures Jumia and Twiga partner on produce in Kenya

Stocks rallied Monday, with all major indices snapping back into positive territories as investors seized on any positive developments in the fight to mitigate the spread of COVID-19, the disease…

American stocks rally sharply on COVID-19 optimism as earnings loom

Pan-African e-commerce company Jumia got into the black (by a small amount) on its gross profit vs. fulfillment expenses, expanded financial services and still posted losses. The online sales company,…

Africa e-tailer Jumia reports first full-year results post NYSE IPO

2019 brought more global attention to Africa’s tech scene than perhaps any previous year. A high-profile IPO, visits by both Jacks (Ma and Dorsey) and big Chinese startup investment energized…

2019 Africa Roundup: Jumia IPOs, China goes digital, Nigeria becomes fintech capital

Pan-African e-commerce startup Jumia released its third-quarter financial results today. The numbers and presentation reflected some of the same past trends, with a dash of new, and nary a mention…

Pan-African e-tailer Jumia grows 3Q revenue, e-payments and losses

In advance of Jumia’s November financial reporting, it’s worth revisiting the company’s second-quarter results, the downside of which included some negative news beyond losses. The Africa focused e-commerce company —…

Revisiting Jumia’s JForce scandal and Citron’s short-sell claims

Kenya’s Twiga Foods has raised a total of $30 million from lenders and investors led by Goldman Sachs. The B2B food distribution company financed $6.25 million of the funding in…

Kenya’s Twiga Foods eyes West Africa after $30M raise led by Goldman

FedEx is ending a partnership with Amazon to supply the e-commerce company with ground delivery shipping after its current contract ends this month, the company confirmed to Bloomberg. This is…

FedEx ends ground-delivery contract with Amazon

A cryptocurrency loan startup exposed reams of customer credit cards and user transactions for almost a month — because it forgot to protect the server with a password. Security researchers…

Cryptocurrency loan site YouHodler exposed unencrypted user credit cards and transactions

An internet advertising company specializing in helping law firms sign up potential clients has exposed close to 150,000 records from a database that was left unsecured. The database contained submissions…

Thousands of medical injury claim records exposed by ad agency

China’s biggest e-commerce company, Alibaba, was again on the U.S. Trade Representative’s blacklist over suspected counterfeits sold on its popular Taobao marketplace that connects small merchants to consumers. Nestling with…

US slams Alibaba and its challenger Pinduoduo for selling fakes

The RealReal has authorized the sale of up to $70 million in new shares in a round that could value the luxury consignment shop at $1.06 billion.

Luxury consignment e-tailer The RealReal to enter the unicorn club with new funding

When 500 Startups partner Hasan Haider announced the $15 million first close for the accelerator and investment firm’s Middle Eastern focused fund, 500 Falcons, Dave McClure was still at the…

Two years after a first close, 500 Startups wraps its Middle East fund with $33 million

Featured Article

Alibaba and Amazon move over, we visited JD’s connected grocery store in China

The arms race to build the future of grocery stores is heating up in China. To no one’s surprise, the main contestants are the country’s e-commerce titans Alibaba and JD.com, which are turning offline for growth. Online retail has flourished in China, but it still accounts for less than 20 percent of the nation’s overall consumption, according…

10:04 pm PST • November 15, 2018
Alibaba and Amazon move over, we visited JD’s connected grocery store in China

Alibaba scored another blockbuster Singles’ Day after customers around the world shopped in stores and online on the tenth edition of its November 11 shopping festival. That puts this year’s…

Alibaba sets new Singles’ Day record with $31B in sales, but growth is slowing

China’s JD.com  has made it clear recently that it’s venturing into artificial intelligence and automation. Every few months over the past year, the online retailer – China’s second-largest by transactions…

Alibaba rival JD.com plays the long-game on technology investment

Minds, a decentralized social network, has raised $6 million in Series A funding from Medici Ventures, Overstock.com’s venture arm. Overstock CEO Patrick Byrne will join the Minds Board of Directors.…

Minds, the blockchain-based social network, grabs a $6M Series A

Scientists interested in cannabis as a subject for pharmaceutical studies may find an unlikely new home for their research into the plant, its byproducts and biochemistry aboard the International Space…

Weed in space is going to be a thing now

MallforAfrica and DHL are giving African merchants a global stage. This week the online retailer and delivery giant launch MarketPlaceAfrica.com: an e-commerce site for select African artisans to sell wares to buyers…

MallforAfrica and DHL launch MarketPlace Africa global e-commerce site