Ecommerce

Can Twitter Become the Next Amazon?

Twitter is partnering with brands and credit cards as it deepens its presence in digital retail and works to position itself among the next big e-commerce platforms. 

Alibaba Profit Nearly Triples

Chinese e-commerce giant Alibaba Group Holding revealed the members of its 27-person partnership in an updated prospectus for its U.S. share listing on Monday.

Airbnb Poaches Blackstone CFO on Path to IPO

Airbnb, the vacation rentals startup, announced Friday that it hired Laurence Tosi away from Blackstone  to join the company as chief financial officer. The hiring of Tosi, who spent seven years as CFO at the private equity firm, could be a signal that the $25.5 billion startup is nearing an IPO.

Groupon Appoints New CEO, Forecasts Weak 2016

Groupon Inc, the operator of daily deals website groupon.com, said co-founder Eric Lefkofsky was stepping down as chief executive and returning to the role of chairman, effective immediately.