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
Amazon Pay users in India can now pay their utility, mobile and cable bills with Alexa
Amazon Pay users in India can now use voice command with Alexa to pay their utility, internet, mobile, and satellite cable TV bills, the e-commerce giant said on Wednesday. This is the first time, the … Read more
Walmart launches in-home grocery delivery in three cities: Kansas City, Pittsburgh & Vero Beach
Walmart will bring your groceries to you and put them away in the fridge, with the launch of its new service, InHome. The retailer is today debuting its new in-home grocery delivery service in three … Read more
Walmart’s Flipkart confirms it is entering the food retail business in India
India’s Flipkart is entering the food retail business as the e-commerce giant looks to expand its reach in the nation, its chief executive said on Tuesday. Flipkart, which sold majority stake in the company to … Read more
GoFundMe launches free platform for nonprofits and charities, rolls out button to donate anywhere
GoFundMe has made its name primarily as a platform for individuals to create fundraisers for personal causes — a service that has seen hundreds of campaigns go viral through social media to raise collectively well … Read more
DoorDash opens a shared kitchen in Redwood City
DoorDash is opening its first shared commissary kitchen in Redwood City, Calif., bringing new delivery and pickup options to customers in Peninsula towns, including Atherton, Menlo Park and Palo Alto. This is part of a … Read more
Why each Libra member’s mutiny hurts Facebook
There’s a strategic cost to the defection of Visa, Stripe, eBay, and more from the Facebook -led cryptocurrency Libra Association . They’re not just names dropping off a list. Each potentially made Libra more useful, … Read more
Pegging Libra to just the $ could soothe regulators, a16z says
What if Libra wasn’t backed by a basket of international currencies, but only the dollar? Regulatory pushback to the Facebook-led cryptocurrency Libra has caused major partners — including Visa, Mastercard, PayPal and eBay — to … Read more
Club Factory raises $100M to expand its lifestyle e-commerce platform in India
Club Factory, a Chinese e-commerce platform that sells fashion and beauty items and electronics accessories, has raised $100 million in a new financing round as it looks to expand its footprint in India. The new … Read more
Africa e-tailer Jumia’s shares fall 4% day after IPO lockup expiration
Shares of Africa focused e-commerce company Jumia dropped 4% the day after the lockup period expired for its April IPO on the New York Stock Exchange. The lockup provision prevents major shareholders — namely those … Read more
To beat Amazon Go, Standard Cognition buys cashierless DeepMagic
Valued at $535 million, autonomous retail startup Standard Cognition has emerged as a soon-to-be tech giant and the best hope for merchants to compete with Amazon Go. Cashierless checkout is poised to transform brick-and-mortar commerce, … Read more