Shopify is preparing for the transformation of a lifetime, according to its president, Harley Finkelstein. Speaking at this year’s Upfront Summit in Los Angeles, the longtime e-commerce veteran spoke about how the company is going all in on agentic shopping. Shopify is the second-largest e-commerce provider in the U. But …

Apple is dropping its commission rate in the App Store in China to 25% from 30% following discussions with the Chinese regulator, the company said Thursday. The new 25% commission will apply to paid apps and in-app purchases, while a lower 12% commission (down from 15%) will be charged for …

Facebook Marketplace is rolling out new Meta AI features, including one that automatically replies to messages from interested buyers, Facebook announced Thursday. The social network is also using AI to help sellers list items faster and summarize profiles and is giving sellers the option to offer shipping on their listings. …

In a sea of massive valuations for early-stage AI startups, today we have a bit of rare news: a jumbo round and valuation step-up for an e-commerce company. Quince announced on Wednesday that it raised a $500 million Series E round at a $10. The round was led by previous …

Global ride-hailing company inDrive, known for its bid-based pricing model, has acquired Pakistan-based quick-commerce startup Krave Mart, TechCrunch has learned, as it pushes further into grocery delivery and commerce services in South Asia. The all-stock deal, agreed last year, has received approval from the Competition Commission of Pakistan, allowing the …

With the top app stores flooded with AI apps, developers may think the best bet for turning a profit is to integrate artificial intelligence technology into their own products. However, a new study focused on the subscription app ecosystem across iOS, Android, and web is calling that assumption into question. …

Elon Musk-owned X announced on Thursday that it’s revamping the social network’s Creator Subscriptions offering with a number of new features, including exclusive threads, a refreshed subscriptions paywall, a new dashboard, and a shareable subscriptions card, among other changes. The company believes these updates will allow creators to attract more …

Google is moving forward with a series of Play Store changes after settling a years-long legal battle with Fortnite maker Epic Games over anticompetitive concerns. The tech giant on Wednesday said it will drop its Play Store commissions to 20% on in-app purchases, with another 5% tacked on if app …

Social network X on Monday announced the introduction of a new “Paid Partnership” label that creators can apply to their posts to indicate they’re s. The feature could help improve creators’ authenticity, so fans know when a product recommendation is an original sentiment, versus a paid sponsorship, while also complying …

eBay is cutting around 800 jobs, or 6% of its full-time employees. “We are taking steps to reinvest across our business and align our structure with our strategic priorities, which will affect certain roles across our workforce,” the company said in a statement. “We are grateful for the contributions of …