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Amazon announces the acquisition of Whole Foods
Jun 19,2023
Amazon has taken a decisive step into traditional retailing, spending$13.7bn to buy the organic food chain Whole Foods Market. The deal is being seen as game-changing for the traditional supermarket business. According to analysts, 'buying Whole Food...
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JD.com aiming to adopt emerging technologies in e-commerce
Jun 18,2023
On the 30thanniversary of JD.com, China's second-largest e-commerce player after Alibaba, the company's chairman and chief executive announced the wide adoption of emerging technologies. He mentioned that China is on the eve of a "fourth retail revol...
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E-commerce discussions make progress at MC12
Jun 17,2023
The 12thWTO Ministerial Conference (MC12) took place from 12 to 17 June, in Geneva. The Conference had already been postponed twice because of COVID-19-related restrictions. During MC12, the co-conveners of the Joint Initiative issued a statement in ...
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Internal Market Committee endorses agreement on Digital Services Act
Jun 16,2023
The EU governments have reached a provisional political agreement on the Digital Services Act (DSA) on 23 April 2022. The European Parliament (EP)'s Internal Market Committee further endorsed the DSA with a vote of 36 in favour, 5 against and one abs...
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The EU's new anti-disinformation code foresees sets of obligations for very large online platforms
Jun 16,2023
The EU's strengthened code of practice on disinformation has come to light with 34 signatories jointly revising the 2018 version. In the new code, signatories need to commit to a list of obligations such as demonetising advertisements containing disi...
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Walmart looking to strengthen e-commerce
Jun 16,2023
Walmart announced it will buy Bonobos -a clothing menswear brand -for$310 million to strengthen its e-commerce operations. The move comes in parallel to Amazon's announcement about the acquisition of Whole Foods Market. Walmart has also put emphasis ...
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Google could be diverting online shoppers to its platforms
Jun 16,2023
Google could be fined in more than
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Russia passes new Internet tax bill
Jun 16,2023
The Russian State Duma has approved a new law, which taxes foreign Internet companies with a value added tax (VAT) on the sale of online content. The new law has also been called the 'Google tax law', and requires foreign companies to register in Rus...
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Cambodia's digital startups help blunt economic impact of COVID-19
Jun 15,2023
Due to the COVID-19 crisis and the limited mobility measures, Cambodians resorted to online shopping resulting in the flourish of orders by over 180%. 'Cambodia's e-commerce sector has experienced rapid growth within the past decade. Internet access,...
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Flipkart authorised to purchase eBay's Indian business
Jun 15,2023
Indian antitrust regulators announced they would allow Bangalore-based Flipkart to purchase eBay's Indian business. As part of its acquisition of eBay's Indian arm, Flipkart will strike a deal to make more of the American auction company's global inv...
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India introduces model law on taxing online goods and services
Jun 15,2023
India has released a new model law on online taxation. According to the model Goods and Services Tax law, approved by the Indian Finance Minister, all online purchases will attract a uniform tax. The tax is likely to be implemented in April 2017...
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Domain name industry Verisign report
Jun 14,2023
The report recently released by Verisign offered the domain name industry brief for the first quarter of the 2023. Verisign reported an increase of 3.5 million domain name registrations, or 1.0%, year over year. The .com and .net TLDs had a combined ...
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