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Internet powers cross-border shopping bonanza: PayPal

A study released on Monday showed that Internet-powered shopping across national borders has created "modern spice routes" holding wealth for local merchants who tap into the booming trend.

Alibaba buys $586 mn stake in China's Sina Weibo

Chinese online retail giant Alibaba has struck a deal to buy a $586 million stake in popular Chinese social network site Sina Weibo amid rumours that it is preparing for a stock market listing.

Struggling Groupon ousts CEO Andrew Mason (Update)

Struggling online deals pioneer Groupon has ousted its quirky founder and CEO Andrew Mason amid worries that people are tiring of the myriad of online restaurant, spa and Botox deals that Groupon built its business on.

Google boosts mobile ad campaigns

Google began letting businesses target mobile ads based on how close smartphone users might be to shops or what they might be craving at certain times of day.

Microsoft, Google in catfight over online shopping

Just in time for the holidays, Microsoft and Google have become embroiled in a bitter dispute over who is the fairest of them all for online shopping, stepping up the battle between the tech giants.

Groupon launches payments service in US (Update)

Groupon launched a payment service Wednesday that allows businesses to accept credit cards using an iPhone or iPod Touch, becoming the latest company to enter the growing mobile payments market.

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