SAN FRANCISCO, Sept 4- Amazon.com Inc is adding staff for a new division dedicated to restaurants in Seattle and New York, with indications the unit is trying to rapidly expand a meal delivery service, according to posts on LinkedIn and the company's jobs site. The online retailer has dabbled in food delivery before but its move to form a dedicated division called...» Read More
The former Priceline CEO is excited about social media and is hoping to capitalize on it in his latest business venture.
*Snapdeal is India's second-largest online shopping market. The company's aspirations are backed up by serious investment from the likes of Japan's Softbank Corp, which ploughed $627 million into Snapdeal last October, and could soon get a boost from Chinese e-commerce giant Alibaba Group, which is in talks for another cash investment, a source told Reuters...
*Amazon seen eventually launching "Fresh" in Germany. COLOGNE, Germany, March 12- Germany's second-biggest supermarket group REWE is investing heavily in grocery ecommerce even though it does not expect to turn a profit soon, as it braces for Amazon to expand its food delivery service. The online customer is our opportunity to become the number one in Germany.
March 12- Ride-sharing service Lyft said it raised an additional $530 million in a funding round led by Japanese online retailer Rakuten Inc, giving the Uber rival a valuation of $2.5 billion and adding momentum to its expansion plans. Rakuten said it is investing $300 million for an 11.9 percent stake in San Francisco- based Lyft- its first investment in a...
E-commerce company FlipKart is focusing on mobile offerings as Indian consumers increasingly turn to online shopping.
Farfetch connects well-heeled consumers with luxury boutiques around the world, and model that has earned the company a $1 billion valuation.
The Chinese e-commerce giant has seen "tremendous volatility," but still holds promise long term, KKM Financial's Jeff Kilburg said.
Customers claimed that Allstar Marketing Group, which sells products through infomercials, hid charges with confusing ads.
Alibaba's stock slump this year has unnerved shareholders, but for UBS analyst Eric Sheridan this is just a part of the growing pains.
Farfetch founder and CEO José Neves, says his company does not hold inventory, but a curated fashion platform which connects customers to boutiques.
While U.S. markets still see upside potential, short-term concerns such as soft U.S. data have resulted in a pullback, says Robert Pavlik, chief market strategist at Boston Private Wealth.
For China's 640 million internet users, a live Alaskan crab is now just a mouse-click away, the FT reports.
A Chinese government push to promote e-commerce has created online retail rivals for the bigger names, catering to shoppers' fears about product safety.
Small business florists face increasing competition from e-commerce players and big box retailers.
This list represents the largest capital commitments raised by private U.S. companies actively listed on equity crowdfunding platforms.
Jim O'Donnell, Chief Investment Officer of Forward Management, attributes the disappointment over Alibaba's revenues to "expectations getting ahead of themselves."
Scott Nations, Chief Investment Officer and President at NationsShares, explains why U.S. markets are "misreading the movements in oil prices" and discusses the tech stocks that he likes.
Cynthia Meng, Managing Director for China and Hong Kong Telecom, Media and Technology Equity Research at Jefferies, attributes Alibaba's quarterly revenue miss to its continued transition to mobile.
CNBC's "Fast Money" traders, like investors in the wider markets, were split on how to play the companies.
Investors are bracing for Amazon’s fourth quarter earnings, which come out after the closing bell on Thursday.