Devin Wenig steps down as eBay CEO
This morning eBay announced that Devin Wenig has stepped down from the role of CEO. A former executive at Reuters, Wenig joined the company eight years ago this month as president of its global market … Read more
China Roundup: Alibaba’s Hong Kong listing and Tencent’s new fuel
Hello and welcome back to TechCrunch’s China Roundup, a digest of recent events shaping the Chinese tech landscape and what they mean to people in the rest of the world. The earnings season is here. … Read more
TikTok tests social commerce
TikTok is beginning to dabble in social commerce. The short-form video app said it has started to allow some users to add links to e-commerce sites (or any other destination) to their profile biography as … Read more
Target integrates Shipt’s same-day delivery service into its mobile app
Same-day delivery is coming to Target’s app. The retailer announced this morning that its same-day shopping service Shipt, which Target acquired two years ago for $550 million, will now be integrated directly into the Target … Read more
Wayfair’s app adds 3D visualization tools, including interactive photos & a room planner
Home furnishing retailer Wayfair was among the first to adopt AR technology as a means of helping people better visualize furniture and accessories in their own home, ahead of purchase. Today, the company is expanding … Read more
Pan-African e-tailer Jumia grows 3Q revenue, e-payments and losses
Pan-African e-commerce startup Jumia released its third-quarter financial results today. The numbers and presentation reflected some of the same past trends, with a dash of new, and nary a mention of a declining share price. … Read more
Loop Returns picks up $10 million in Series A led by FirstMark Capital
Loop Returns, the startup that helps brands handle returns from online purchases, has today announced the close of a $10 million Series A funding round led by FirstMark Capital. Lerer Hippeau and Ridge Ventures also … Read more
Amazon to open its first non-Whole Foods grocery store in 2020
Amazon is opening its first non-Whole Foods grocery store in the LA neighborhood of Woodland Hills, the retailer today confirmed. The news of the new store was first reported by CNET, which spotted several job … Read more
Alibaba’s Singles’ Day sales top $38 billion
After 24 hours of frenzied buying and selling, and weeks of aggressive advertising and promotions before it, the Alibaba Group said today its sales hit another record high on Singles’ Day, the biggest shopping day … Read more
OLX Group invests up to $400M in used car marketplace Frontier Car Group at $700M valuation
Frontier Car Group, the Berlin-based startup building used car marketplaces targeting high-growth, emerging markets, has picked up another significant round of funding from a strategic backer also focusing on the same geographical opportunity. Today, OLX, … Read more
Prosus makes $6.3B hostile bid for Just Eat; Just Eat rejects deal in favor of Takeaway merger
As Amazon-backed Deliveroo expands into click-and-collect and procurement services to grow its footprint with restaurants in Europe, a food fight among three other takeout and delivery players continues apace in an ongoing consolidation march to … Read more