eBay Australia has updated its seller protection policy, and the Indian e-commerce market grew by 25% in fiscal year 21

eBay Australia has updated its seller protection policy

In response to the epidemic blockade measures implemented in various parts of Australia and to protect the interests of sellers, eBay Australia recently updated its seller protection policy. The announcement shows that eBay will automatically delete transactions generated during the protection period for sellers on the Australian site, the seller's unreceived goods (INR) count in the service index, and any related negative or neutral feedback. In addition, eBay has extended the estimated delivery date in the affected areas and provided sellers with more time to complete orders.

Lazada Malaysia adds over 120,000 new sellers

According to foreign media reports, data from Lazada Malaysia recently showed that in the past 18 months, due to the COVID-19 pandemic, more than 120,000 new retailers and small and medium-sized enterprises have joined the platform, and the number of new sellers on Lazada Malaysia has increased by 300% compared to before the pandemic. Magnus Ekbom, CEO of Lazada Malaysia, said that this is the largest increase in the number of sellers in recent years, which is mainly due to the impact of the pandemic, and companies have turned to developing online businesses.

India's e-commerce market to grow 25% in FY21

According to foreign media reports, during the 2020-2021 fiscal year, India's e-commerce market grew by 25% to $38 billion. In addition, according to reports from Bain and Flipkart, India's e-commerce market is expected to grow by 25-30% annually in the next five fiscal years, reaching $120-140 billion by fiscal year 26.

Latin American e-commerce company Dafiti will hold a Children's Day promotion

According to foreign media reports, Latin American e-commerce Dafiti will hold a Children's Day promotion on the third Sunday of August to celebrate Argentina's Children's Day (Childhood Day). During this event, Argentine children will not only have access to more than 500 international and Argentine local brands, but will also enjoy discounts of up to 30%.

Walmart is hiring cryptocurrency experts

On August 17, it was reported that Walmart, the world's largest retailer, is recruiting a "digital currency and cryptocurrency product manager" to help expand its virtual payment options. Walmart's official recruitment homepage shows that the manager will be responsible for developing digital currency strategies and product roadmaps, and will be committed to product roadmaps and promote project execution. The position requires applicants to have experience in cryptocurrency ecosystems and related technologies, more than 10 years of product or project management, technology commercialization experience, etc.

Sanya will set up a special fund for cross-border e-commerce development

In order to encourage high-quality cross-border e-commerce enterprises to settle down and enhance the enthusiasm of local enterprises to participate in cross-border trade, Sanya will set up a special fund for cross-border e-commerce development with a total reward and subsidy budget of 44.4 million yuan. Among them, the "Measures" clearly state that the scope of application and standards of the special funds involve cultivating cross-border e-commerce business entities, supporting the construction of cross-border e-commerce offline industrial bases, encouraging the development of cross-border e-commerce logistics and warehousing, supporting the development of cross-border e-commerce live broadcast economy, and supporting cross-border e-commerce overseas digital marketing and branding.

Hong Kong B2B platform BuyHive announces entry into mainland China market

On August 17, according to PR Newswire, BuyHive, a B2B cross-border e-commerce platform and procurement service provider in Hong Kong, China, announced its official entry into the mainland China market and the establishment of a local team. Public information shows that BuyHive was founded in 2020, and the teams are currently located in Hong Kong, Shanghai, Shenzhen, and San Francisco, USA. Since its establishment, BuyHive has developed rapidly, with performance of US$15 million in the first year, and received a US$1.5 million investment from the financial technology company Choco Up in May this year. As of the second quarter of 2021, the BuyHive platform has connected more than 60,000 buyers in more than 20 countries and regions, helping users purchase more than 100 million personal care products and medical supplies.

eBay

Latin American Market

Indian Market