Open source e-commerce platform Sellvana nabs $5M in seed round

Sellvana, an open source e-commerce software developer based in Portland, Oregon, has received $5 million for its seed funding round from unnamed New York investors, VentureBeat reported.

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Flappy Bird craze continues in HTML5 after pulling out of app stores

Flappy Bird, the popular mobile game created by Vietnamese developer Dong Nguyen, proliferated in app stores and even on the Internet in the form of HTML5 games after the original game was pulled from the Apple App Store and Google Play.

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Source says Icahn nearly has 2pct stake in eBay Inc

A source interviewed by Reuters said billionaire activist investor Carl Icahn had a higher stake in eBay than what was previously reported, saying that his stake was near 2%.

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eBay UK to start allowing sale of Bitcoins on February 10- report

The UK website of e-commerce giant eBay will soon allow the sale of Bitcoins and other digital currencies under the Virtual Currency category, CNET reported.

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Amazon quietly acquires Silicon Valley-based mobile payments startup GoPago for new project

E-commerce giant Amazon may have quietly bought Silicon Valley-based mobile payments startup Gopago for an undisclosed amount for a new "ambitious" project, according to Italian newspapers.

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eBay CEO labels drone delivery of products a fantasy

Chief Executive Officer John Donahoe of eBay Inc said in an interview with Emily Chang on Bloomberg Television that the use of drones to deliver products to consumers is a fantasy.

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Black Friday online spending jumps 15% to $1.20B; more consumers opt to shop from home

With more shoppers wishing to avoid the throng, research firm comScore reported a 15% increase of online spending on Black Friday to USD 1.20 billion.

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Amazon set to dominate online this holiday

Online shopping website Amazon is set to dominate this holiday season, rising above other ecommerce rivals and traditional retailers and hitting a 54% increase in its stock this year.

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E-commerce company Yebhi.com to raise up to USD50 million in venture funding

Indian e-commerce company Yebhi.com is looking to raise USD30 million to USD50 million from venture capital firms. If successful, Yebhi.com will follow leading online retailer Flipkart, which raised USD360 million.

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Snapdeal eyes new financing deal

A group of private equity investors, SoftBank and eBay had pumped in around USD150 to USD200 million worth of new funding to online marketplace Snapdeal.

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Greenwald to join Omidyar media venture after Guardian exit - sources

UK newspaper The Guardian had confirmed the departure of American journalist Glenn Greenwald, who is rumored to be joining a new media venture backed by eBay founder Pierre Omidyar.

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Argos-eBay partner in new delivery scheme

The new system introduced by Argos and eBay would be allowing customers to pick up ordered items from eBay in Argos stores.

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Amazon splurges USD13.9 billion for warehouses

A Reuters report stated that Amazon Inc invested a massive USD13.9 million on warehouse facilities to strengthen its expansion.

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PayPal expands to be a one-stop shop for customers' financial service needs

PayPal plans to expand so that it could be a one-stop shop for customers' financial services needs.

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Facebook hires first marketing chief from Google

Facebook hired Gary Briggs from Google's Motorola Mobility as its first ever marketing chief.

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