Lending startup Affirm said on Wednesday it will partner with Shopify Inc in the United States to let the Canadian e-commerce company’s shoppers pay in installments. Shopify’s Shop Pay users will have an option to split...
SoftBank quietly sells another $2.2 Billion of its Alibaba stake
SoftBank Group Corp quietly sold an additional $2.2 billion of its stake in Alibaba Group Holding Ltd as part of the Japanese conglomerate’s fund-raising effort to pay down debt and buy back its own shares. The deal...
Ebay nears $10 billion sale of classified ads unit – sources
Ebay has called a board meeting on Friday to select a buyer for its classified ads business in a deal potentially worth up to $10 billion, sources close to the matter told Reuters. The U.S. e-commerce giant will need to...
Flipkart raises $1.2 bn in Walmart-led funding at near $25-bn valuation
Indian e-commerce major Flipart Group on Tuesday said it raised additonal $1.2-billion equity from Walmart-led investor group. Post equity round the company’s valuation reached $24.9 billion. The latest equity...
Alibaba’s Jack Ma sells $9.6 billion worth shares, stake dips to 4.8%
Alibaba Group Holding Ltd co-founder Jack Ma has cut his stake in the company over the past year to 4.8% from 6.4%, cashing out around $9.6 billion at its current share price, the firm’s annual filing released on...
Amazon plans at least $100 million to keep Zoox talent after $1.3 billion deal
Amazon.com Inc plans to create at least $100 million in stock awards to retain the 900-plus employees of Zoox, the self-driving car startup it offered to buy last month, and can walk away from the deal if large numbers...
Amazon parent invests ₹2,310 cr in Indian unit
Amazon.com, Inc. has invested about ₹2,310 crore into Amazon Seller Services Pvt. Ltd, its marketplace unit in India, according to filings with the corporate affairs ministry accessed by Mint. The fresh fund infusion is...
Amazon agrees to buy self-driving technology startup Zoox
Amazon.com Inc has agreed to buy California-based self-driving startup Zoox Inc in a deal reported to be worth more than $1 billion that gives it options to use autonomous technology in either ride-hailing or its...
China’s Fosun seeks sale of $1.3 billion stake in Alibaba’s Cainiao – sources
Fosun International is in talks with Alibaba and others to sell a stake worth $1.3 billion in the e-commerce giant’s Cainiao, three people said, at a time when Alibaba has been increasing its holdings in the logistics...
Amazon in talks to buy autonomous vehicle startup Zoox
Amazon.com Inc. is in talks to buy driverless vehicle startup Zoox Inc., according to a person familiar with the matter, a deal that would accelerate the e-commerce giant’s automation efforts. “Zoox has been receiving...
Amazon, Future Group in talks over sale of stake in Future Retail
Kishore Biyani-led Future Group has started talks with Amazon for selling stake in Future Retail Ltd to the US-based e-commerce major, industry sources said. The two parties initiated talks earlier this week for a stake...
Snapdeal partners with Gamezop to add gaming options on its platform
E-commerce marketplace Snapdeal has partnered with mobile gaming startup Gamezop to add gaming options for users visiting the site and increase engagement. Gamezop’s top gaming titles like Savage Revenge, Tower Twist...
