Citizens in the European Union should be able to buy something online in another European country much more easily. The European Ministers of Economy reached an agreement in this regard, but now the European Parliament still has to do the same.
Starting next season, Rakuten (Japan's version of Alibaba or Amazon) will become Spanish football club FC Barcelona's main sponsor. The move is quite remarkable, because the Japanese giant shuttered a portion of its European activities earlier this year.
Chinese Alibaba has managed to beat several sales records during Singles' Day, China's most important sales opportunity for eCommerce. The "tradition", which Alibaba launched in 2009, resulted in more than 16 billion euro in revenue this year.
Several sources indicate that the European Banking Authority wants to make a card reader mandatory for every online purchase worth more than 10 euro in order to fight fraud. Banks and web shops feel the measure is exaggerated.
French online shopping community Showroomprivé bought Saldi Privati, second in Italy when it comes to flash sales. At first, the French company paid 28 million euro, with a results-based bonus of 10 million euro in 2019 afterwards.