Commerce
Retail, online shopping, e-commerce, and social commerce are a huge and ever-changing industry. Our commerce news covers everyone from Amazon, Shopify and Walmart to all the newest and hottest DTC brands, as well as influencers making the shift into selling products online.
Remark trains AI models on human product experts to create personas that can answer questions with the same style of their human counterparts.
The changes are designed to enhance the consumer experience of using Google Pay and make it a more competitive option against other payment methods.
A Singapore High Court has effectively approved Pine Labs’ request to shift its operations to India.
Expedia says two execs dismissed after ‘violation of company policy’
Expedia says Rathi Murthy and Sreenivas Rachamadugu, respectively its CTO and senior vice president of core services product & engineering, are no longer employed at the travel booking company. In…
Kudos lands $10M for an AI smart wallet that picks the best credit card for purchases
Kudos uses AI to figure out consumer spending habits so it can then provide more personalized financial advice, like maximizing rewards and utilizing credit effectively.
Poshmark’s ‘Promoted Closet’ tool lets sellers boost all their listings at once
Poshmark, the social commerce site that lets people buy and sell new and used items to each other, launched a paid marketing tool on Thursday, giving sellers the ability to…
Temu accused of breaching EU’s DSA in bundle of consumer complaints
Consumer protection groups around the European Union have filed coordinated complaints against Temu, accusing the Chinese-owned, ultra low-cost e-commerce platform of a raft of breaches related to the bloc’s Digital…
Restaurant365 orders in $175M at $1B+ valuation to supersize its food service software stack
Restaurant365, which offers a restaurant management suite, has raised a hot $175M from ICONIQ Growth, KKR and L Catterton.
Uber to acquire Foodpanda’s Taiwan unit from Delivery Hero for $950M in cash
Uber Technologies announced Tuesday that it will buy the Taiwan unit of Delivery Hero’s Foodpanda for $950 million in cash. The deal is part of Uber Eats’ strategy to expand…
Maad raises $3.2M seed amid B2B e-commerce sector turbulence in Africa
Maad, a B2B e-commerce startup based in Senegal, has secured $3.2 million debt-equity funding to bolster its growth in the western Africa country and to explore fresh opportunities in the…
Healthy growth helps B2B food e-commerce startup Pepper nab $30 million led by ICONIQ Growth
Co-founder and CEO Bowie Cheung, who previously worked at Uber Eats, said the company now has 200 customers.
Meesho, an Indian social commerce platform with 150M transacting users, raises $275M
Meesho, a leading e-commerce startup in India, has secured $275 million in a new funding round.
Thai food delivery app Line Man Wongnai weighs IPO in Thailand, US in 2025
Line Man Wongnai, an on-demand food delivery service in Thailand, is considering an initial public offering on a Thai exchange or the U.S. in 2025.
Jumia’s revenue and gross merchandise volume showed growth despite a decrease in quarterly active customers, according to its Q1 2024 report. Revenue increased by 19% year-over-year (57% in constant currency)…
Amazon launches a Prime-free marketplace in South Africa, its first in sub-Saharan Africa
Two years after announcing plans, Amazon’s highly awaited e-commerce entry into sub-Saharan Africa has finally come to pass. On Tuesday, the tech giant launched its marketplace in South Africa. South…
Sam’s Club customers who pay either at a register or through the Scan & Go mobile app can now walk out of the store without having their purchases double-checked.
WeTransfer cuts out the middle man and now lets users sell files directly on the platform
The integrated payments on WeTransfer are powered by Stripe and are rolling out to all users globally.
Getir pulls out of US, UK, Europe to focus on Turkey — 6,000+ jobs impacted
True to its business concept, Turkey’s “instant delivery” juggernaut Getir rose quickly. Now, with the quick commerce industry in free fall, it is nosediving just as fast. On Monday, the…
Ultra-fast fashion e-commerce giant Shein will be subject to an additional layer of governance rules targeted at very large online platforms (VLOPs) under the European Union’s Digital Services Act (DSA),…
Zomato’s quick commerce unit Blinkit eclipses core food business in value, says Goldman Sachs
Goldman Sachs said in a report late Thursday that Indian food delivery giant Zomato’s quick commerce arm Blinkit is now more valuable than its core food delivery business, as per…
Amazon said Tuesday that it has launched a new unlimited grocery delivery subscription for Prime members and customers with an EBT card (Electronic Benefit Transfer) in the U.S. if you’re…
Here’s a lab-grown diamond startup that’s attracted a16z’s attention
Throughout hip-hop’s long history, jewelry has served as an important vehicle for artists to convey their ideas and affluence, or simply to dazzle onlookers. Diamonds, in particular, serve as an…
TikTok Shop expands its secondhand luxury fashion offering to the UK
TikTok Shop, TikTok’s social commerce marketplace, is launching a secondhand luxury category in the U.K., putting it in closer competition with The RealReal, Vestiaire Collective, Depop, Poshmark, and Mercari, among…
Kenyan B2B e-commerce company MarketForce is winding down its B2B e-commerce business that served informal merchants (mom-and-pop stores) after a turbulent two-year period that saw it scale down operations severely.…
Live selling startup CommentSold uses AI to generate shoppable, social-ready clips
The “AI ClipHero” feature creates short clips from livestreamed selling events, which often last for hours.
B2B marketplace The Folklore bags $3.4M seed to get brands into global stores
Amira Rasool founded The Folklore in 2018 to help fashion brands from emerging markets like Africa, Asia and The Caribbean tap into the international market. In 2022, the startup introduced…
Flatpay rings up $47M to target smaller merchants with simple payment solutions
Flatpay plans to use the money to expand into new markets in Europe and to build out more products alongside the point-of-sale and card terminals that it sells today.
Consumer tech investing is still hot for Maven Ventures, securing $60M for Fund IV
Overall, 16% of Maven’s portfolio companies have reached a minimum $500 million exit or valuation, which is 10x industry average, the firm said.
Big Tech’s ad transparency tools are still woeful, Mozilla research report finds
“We feel there are major gaps between the spirit of the EU regulation and these repositories in practice,” the report authors write.
eBay enters trading card commercial agreement with Collectors, acquires Goldin
As eBay continues to invest in the trading card space, the e-commerce company announced Wednesday three significant commercial transactions with Collectors, the parent company of PSA (Professional Sports Authenticator), the…
