Technology 

India’s online sellers to appeal against competition commission’s Flipkart ruling

The logo of Flipkart is seen on the company’s office in Bengaluru, India, May 9, 2018. REUTERS/Abhishek N. Chinnappa MUMBAI (Reuters) – A group representing online sellers in India will appeal against the Competition Commision of India’s (CCI’s) ruling in favour of Walmart-owned Flipkart, the group’s lawyer Chanakya Basa said in a release on Saturday. All India Online Vendors Association (AIOVA), which represents more than 3,500 online sellers, had complained that Flipkart was using its dominant position to favour select sellers. The CCI had rejected this argument in November. The…

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Technology 

Amazon and eBay evict sellers amid VAT crackdown

Image copyright Getty Images Thousands of overseas sellers have been evicted from online marketplaces in the UK such as Amazon and eBay owing to a tax crackdown. Businesses, mostly from China, sold items including British flags, phones and fake eyelashes but evaded VAT. HM Revenue and Customs (HMRC) sends notices to online sales sites if it discovers businesses failing to pay the correct VAT. It said that 4,600 sellers have been “red-flagged” in this way. If the hosting sites fail to take action they can be pursued by HMRC for…

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Technology 

Amazon to lower some fees for third-party sellers

FILE PHOTO: The logo of the web service Amazon is pictured in this June 8, 2017 illustration photo. REUTERS/Carlos Jasso/File Photo (Reuters) – Amazon.com Inc is going to lower some fees it charges third-party sellers on its marketplace, the company said on Thursday. The marketplace unit allows third-party sellers, who account for over 50 percent of the total units sold on Amazon, to sell their wares on the ecommerce giant’s website and app. “We expect newly announced marketplace fee changes to slightly lower overall take rates, although with the benefit…

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Online sellers ‘pay for positive reviews’

Image copyright Getty Images Some online sellers are offering people free goods in return for positive product reviews, an investigation by consumer group Which? has found. Its investigator joined several “rewards for reviews” groups and was hired to write high-rated reviews in return for free items. Paid-for, or fake, reviews flout rules set by platforms such as Amazon and Facebook. A similar investigation by BBC 5 live uncovered the trade in false reviews. Fake five-star reviews being bought and sold online The Which? investigator found five sellers who gave instructions…

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Technology 

Ebay alleges Amazon poached sellers from its platform

(Reuters) – Ebay Inc (EBAY.O) on Wednesday accused Amazon.com Inc (AMZN.O) of trying to poach sellers for its own platform through Ebay’s internal messaging system. FILE PHOTO: An eBay sign is seen at an office building in San Jose, California May 28, 2014. REUTERS/Beck Diefenbach “We have uncovered an unlawful and troubling scheme on the part of Amazon to solicit eBay sellers to move to Amazon’s platform,” eBay said, adding that it had sent a cease-and-desist letter to Amazon on Monday. “We have demanded that Amazon end its unlawful activity…

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Technology 

Tesla short sellers trim exposure but stay the course

SAN FRANCISCO (Reuters) – Short sellers betting against Tesla (TSLA.O) trimmed their exposure to the electric car maker’s stock on Monday after Chief Executive Elon Musk gave new information about his proposal to take the company private. FILE PHOTO: A Tesla sales and service center is shown in Costa Mesa, California, U.S. June 28, 2018. REUTERS/Mike Blake/File Photo Midsession data showed traders continuing to reduce their bets against Tesla after short interest on Friday dipped to 26.9 percent of the company’s float, the lowest since June, according to S3 Partners,…

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Lord Sugar criticised for tweet comparing Senegal team to ‘beach sellers in Marbella’

Lord Sugar has now deleted the tweet he posted on Wednesday Lord Sugar has been criticised for an “unhelpful and ignorant” tweet comparing Senegal’s World Cup team to sellers on the “beach in Marbella”. A picture of the team was posted next to pictures of sunglasses and handbags. Lord Sugar, 71, later deleted the post and apologised, saying “my attempt at humour has backfired”. The British billionaire, who appears on the BBC’s The Apprentice, said he “misjudged” the tweet and it was not “intended to cause offence”. The tweet prompted…

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