Whatnot Secures $265 Million in Series E Funding, Valuation Hits $4.97 Billion
Livestream shopping platform Whatnot raises massive funding, plans expansion into new categories and markets, and announces share buyback program
Ecommerce
Zimi Raises $2 Million to Simplify Cross-Border Commerce for International Merchants
Zimi, a startup founded by Audrey Djiya and Peter Nsaka, secures $2 million in seed funding to simplify cross-border commerce for international merchants, aiming to reduce shipping costs and delivery times.
Zomato Slapped with $94.5 Million Tax Bill in India, Plans to Appeal
India's top food delivery platform faces substantial tax liability, exceeding half of its profits for FY 2024, over unpaid GST on delivery charges.
Trump's Tariff Threats Put Ultracheap Retailers Like Shein and Temu on Notice
The US President's proposed tariff changes could close a 100-year-old loophole, impacting business models of online retailers like Shein and Temu, and affecting American consumers.
USPS Suspends Shipments from China and Hong Kong, Expect Delays and Higher Costs
The US Postal Service has temporarily suspended inbound packages from China and Hong Kong, citing new tariffs and regulations, which may lead to delays and increased costs for consumers.
USPS Reverses Decision, Will Continue to Accept Parcels from China
The US Postal Service has backtracked on its decision to suspend shipments from China and Hong Kong, citing plans to work with US Customs to implement a new tariff collection mechanism.
EU Steps Up Pressure on Shein with Fresh Request for Information Under Digital Services Act
The European Commission has sent a new request for information to fast-fashion giant Shein, citing concerns over illegal content, algorithmic transparency, and consumer protection under the Digital Services Act.
Trump's China Tariffs Spark Delays, New Charges for Shipping Companies and Consumers
US shipping companies warn of delays and new fees following Trump's 10% tariff on Chinese goods, with consumers likely to bear the cost.
Shopify Shuts Down Kanye West's Yeezy Store Over Swastika Merchandise
Shopify pulls Kanye West's Yeezy store offline due to swastika merchandise, citing violation of authentic commerce practices and terms of service.
