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China proposes antitrust law ahead of Singles’ Day shopping spree

China proposes antitrust law ahead of Singles’ Day shopping spree Debates over anti-competitive practices amongst China’s internet firms resurface every year in the lead up to Singles’ Day, a time when online retailers exhaust their resources and deploy sometimes sneaky tactics to attract vendors and shoppers. This year, just a day before the world’s largest […]

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Europe urges e-commerce platforms to share data in fight against coronavirus scams

Europe urges e-commerce platforms to share data in fight against coronavirus scams European lawmakers are pressing major e-commerce and media platforms to share more data with each other as a tool to fight rogue traders who are targeting consumers with coronavirus scams. After the pandemic spread to the West, internet platforms were flooded with local […]

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Spain’s All Iron Ventures closes €66.5M first fund

Spain’s All Iron Ventures closes €66.5M first fund Spain’s All Iron Ventures (AIV), an investor in b2c marketplaces and ecommerce plays, has closed its first fund with commitments totalling €66.5 million (~$79M) — which it touts as one of the largest first fund raises in the country.  Capital committed to the fund by its parent […]

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Amazon launches its first Amazon Air regional hub in Europe

Amazon launches its first Amazon Air regional hub in Europe Amazon has officially started operations at its first European Amazon Air hub, based out of the Leipzig/Halle Airport in Germany. The new facility spans 20,000 square meters (65,600 square feet) and will host two Amazon-branded Boeing 737-800 aircraft, brining the company’s total operational air fleet […]

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PayPal details its digital wallet plans for 2021, including crypto, Honey integration and more

PayPal details its digital wallet plans for 2021, including crypto, Honey integration and more PayPal this week laid out its vision for the future of its digital wallet platform and its PayPal and Venmo apps. During its third-quarter earnings on Monday, the company said it plans to roll out substantial changes to its mobile apps […]

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Nestlé acquires healthy meal startup Freshly for up to $1.5B

NestlĂ© acquires healthy meal startup Freshly for up to .5B NestlĂ© USA just announced that it has acquired Freshly for $1.5 billion — $950 million plus potential earnouts of up to $550 million based on future growth. Founded in 2015, Freshly is a New York City-based startup that offers healthy meals delivered to your home […]

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US online holiday sales to reach $189B this year, up 33% from 2019

US online holiday sales to reach 9B this year, up 33% from 2019 The accelerated shift to e-commerce due to the pandemic will have a significant impact on U.S. online holiday sales, according to a new forecast from Adobe Analytics. Adobe Analytics predicts that U.S. online sales for the months of November and December 2020 will […]

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Stripe Climate is a new tool to let Stripe customers purchase credits towards carbon removal efforts

Stripe Climate is a new tool to let Stripe customers purchase credits towards carbon removal efforts Last year, payments giant Stripe announced that it would donate $1 million of its own funds annually into companies that are building technology to remove carbon from our environment, with the recipients of that investment announced in May of […]

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Hej! Amazon opens Amazon.se in Sweden to expand in Europe

Hej! Amazon opens Amazon.se in Sweden to expand in Europe Amazon is the biggest online retailer in Europe, and today it took the next step in making that effort more localized. The company has launched a dedicated portal for Sweden at Amazon.se — giving Swedish shoppers, third-party merchants, and itself, a local URL — and […]

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SimilarWeb raises $120M for its AI-based market intelligence platform for sites and apps

SimilarWeb raises 0M for its AI-based market intelligence platform for sites and apps Israeli startup SimilarWeb has made a name for itself with an AI-based platform that lets sites and apps track and understand traffic not just on their own sites, but those of its competitors. Now, it’s taking the next step in its growth. […]

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