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Five At Five: Amazon Is Making It Big In B2B

Five at Five: Payments News

Welcome to Five at Five, your late look at some of the day’s top payments and commerce news. Coverage includes a look at how Amazon is growing its B2B unit and the reason behind an Overstock stock decline. A U.S. federal judge says that securities law applies to crypto fraud, China has a lead in an important patent area and a major bank makes a big investment push in cities.

Amazon’s B2B Unit Growing Faster Than Retail

Amazon released new statistics about the growth of its B2B eCommerce unit, Amazon Business, on Tuesday (Sept. 11), touting the success of the operation four years after its launch.

Overstock Shares Fall 12 Pct Following CEO Selloff

Patrick Byrne has sold, in total, about $20 million in stock during the past week, as share price has fallen 12 percent. He first revealed his plans to sell in a March Securities and Exchange Commission (SEC) filing, saying that the proceeds would “fund sidecar investments with the company.”

Judge Says US Securities Law Applies to Crypto Fraud Cases

U.S. District Judge Raymond Dearie in New York ruled that Brooklyn resident Maksim Zaslavskiy can be prosecuted for violating the federal Securities Exchange Act.

China Accelerates Blockchain Patent Activity

In tech, innovation is everything. In innovation, intellectual property is, well, almost everything — it can be the hardware, the software or the processes that come from the creative endeavor.

JPMorgan to Invest $500M to Boost Cities in, Outside US

The program is based on its previous efforts to invest in urban renewal, including the $150 million investment it made in Detroit in 2014. Since then, it has invested $40 million in Chicago and $25 million in Washington, D.C., reported Reuters.

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