Commerce

Amazon hit with fresh class action-style suit in UK — $3.4B in competition damages sought for 200,000+ sellers

Amazon is facing another competition lawsuit in the U.K. The latest claim, which was filed Thursday, is seeking more than £2.7 billion in damages — or around $3.4 billion at current exchange rates — before the U.K.’s Competition Appeals Tribunal. The case is being brought by Andreas Stephan, a professor of competition law at the

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Flipkart launches payments app, Super.money, in fintech push

Indian e-commerce giant Flipkart has quietly started rolling out its own payments app, dubbed Super.money, as it broadens its fintech ambitions more than a year and half after separating from PhonePe.  The Walmart-owned firm’s new app, now live in beta on Play Store, allows users to make mobile payments via UPI, an interoperable network that

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Target and Shopify team up to expand Target’s third-party marketplace

Shopify merchants can now sell their items to Target’s millions of shoppers, thanks to a new partnership. The companies announced on Monday that sellers on the commerce platform can apply to join Target Plus, the retail giant’s third-party marketplace where merchants can sell and manage orders. Target is the first major retailer to collaborate with

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Zepto, a 10-minute delivery app, raises $665 million at $3.6 billion valuation

Zepto has more than doubled its valuation to $3.6 billion from $1.4 billion in less than a year in a new funding round of $665 million as the Mumbai-based startup intensifies the quick commerce competition in the world’s second largest internet market. Zepto sells and delivers everything from grocery items to electronic gadgets within 10

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Influencer shopping app LTK gets an automatic direct message tool

LTK (formerly LiketoKnow.it and RewardStyle), the influencer shopping app with 40 million monthly users, announced on Thursday the launch of a free direct message tool for creators to instantly share pre-set responses with followers.  The new tool, called LTK DM, is integrated into the posts section of the LTK app. When a creator shares an

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Amazon extends generative AI-powered product listings to Europe

Amazon is bringing its generative AI listing smarts to more sellers, revealing today that those in France, Germany, Italy, Spain, and the U.K. can now access tools designed to improve product listings by generating product descriptions, titles, and associated details. Additionally, sellers can also “enrich” existing product listings by automatically adding missing information. The announcement

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