Etsy error resulted in large amounts being withdrawn from some sellers’ bank accounts and credit cards

An Etsy bill payment error resulted in large amounts of money being withdrawn from several sellers’ bank accounts and credit cards on Friday morning. While the company says the issue has been resolved and was not the result of fraud, the headache isn’t over for affected sellers because Monday is a federal holiday in the United … Read moreEtsy error resulted in large amounts being withdrawn from some sellers’ bank accounts and credit cards

GoTrendier raises $3.5 million to take on Spanish-language fashion marketplaces

Thanks to environmentally conscious young buyers, throwaway culture is dying not only in the U.S., but also in Latin America — and startups are poised to jump in with services to help people recycle used clothing. GoTrendier, a peer-to-peer fashion marketplace operative in Mexico and Colombia, has raised $3.5 million USD to do just that. … Read moreGoTrendier raises $3.5 million to take on Spanish-language fashion marketplaces

Alibaba takes an 8% stake in Tencent-backed anime streaming site Bilibili

Ecommerce giant Alibaba is continuing its push into the world of youth culture after it scooped up an 8 percent stake in anime streaming and game publishing company Bilibili. According to a securities filing on Thursday, Alibaba’s Taobao marketplace has acquired about 24 million shares in Bilibili, the Shanghai-based firm that has captured 93 million monthly users … Read moreAlibaba takes an 8% stake in Tencent-backed anime streaming site Bilibili

Europe agrees platform rules to tackle unfair business practices

The European Union’s political institutions have reached agreement over new rules designed to boost transparency around online platform businesses and curb unfair practices to support traders and other businesses that rely on digital intermediaries for discovery and sales. The European Commission proposed a regulation for fairness and transparency in online platform trading last April. And late yesterday … Read moreEurope agrees platform rules to tackle unfair business practices

It isn’t just apps. China’s cinemas broke records during Lunar New Year

China celebrated Lunar New Year last week as hundreds of millions of people travelled to their hometowns. While many had longed to see their separated loved ones, others dreaded the weeklong holiday as relatives awkwardly caught up with them with questions like: “Why are you not married? How much do you earn?” Luckily, there are … Read moreIt isn’t just apps. China’s cinemas broke records during Lunar New Year

Amazon’s Coachella delivery lockers will help you get more sunscreen

To help, Amazon plans to open a curated Coachella portal that will include products from categories you’d likely care about at the festival, such as tech, health, beauty and camping. No, you aren’t about to get a tent or a TV, but items that would fit in one of the Lockers are likely fair game. … Read moreAmazon’s Coachella delivery lockers will help you get more sunscreen

E-commerce startup Zilingo raises $226M to digitize Asia’s fashion supply chain

If you’re looking for the next unicorn in Southeast Asia, Zilingo might just be it. The 3.5-year-old e-commerce company announced today that it has raised a Series D round worth $226 million to go after the opportunity to digitize Asia’s fashion supply chain. This new round takes Zilingo to $308 million from investors since its … Read moreE-commerce startup Zilingo raises $226M to digitize Asia’s fashion supply chain

Amazon revives its live shopping stream with a larger scope

Interaction plays a large role. You can ask hosts questions much like you would through an app like Instagram, whether you’re on the web or using the Amazon mobile app. The brands themselves, meanwhile, have access to a new (and currently iOS-only) Live Creator app to broadcast, chat and track the success of their shows. … Read moreAmazon revives its live shopping stream with a larger scope

Apple tells app developers to disclose or remove screen recording code

Apple is telling app developers to remove or properly disclose their use of analytics code that allows them to record how a user interacts with their iPhone apps — or face removal from the app store, TechCrunch can confirm. In an email, an Apple spokesperson said: “Protecting user privacy is paramount in the Apple ecosystem. Our … Read moreApple tells app developers to disclose or remove screen recording code

Chinese e-commerce challenger Pinduoduo is raising over $1 billion more

The price of competing with e-commerce giants Alibaba and JD.com is immense. That’s evidenced by challenger Pinduoduo, commonly known as PDD, which is raising more than $1 billion in fresh capital just six months after it went public. The company announced plans to sell 37 million shares in a move that will raise over $1 billion, going … Read moreChinese e-commerce challenger Pinduoduo is raising over $1 billion more