Commerce

Delivery Hero warns it could face €400M antitrust fine

Berlin-based food delivery giant Delivery Hero has warned investors it may “ultimately” face an antitrust fine of up to €400 million. The development, reported earlier by Reuters, follows unannounced raids by European Union authorities on the offices of Delivery Hero and its Spanish subsidiary Glovo back in November 2023 and July 2022. The EU did […]

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Amazon faces more EU scrutiny over recommender algorithms and ads transparency

In its latest step targeting a major marketplace, the European Commission sent Amazon another request for information (RFI) Friday in relation to its compliance under the bloc’s rulebook for digital services. The development highlights areas where EU enforcers are dialling up their scrutiny of the ecommerce giant, with the bloc asking for more info about

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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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