eBay plans to expand into Mexico, Etsy's second quarter revenue exceeds $500 million

eBay plans to enter Mexico, its largest Latin American market

On August 5, according to foreign media reports, eBay plans to enter Mexico, its largest Latin American market, a move that will create more jobs in the country. In 2020, Latin America became the fastest growing region for e-commerce in the world. At the same time, Mexico became the fourth fastest growing e-commerce market in the world with a growth rate of 62%, making the country a priority for eBay's deployment in the Latin American market. It is estimated that Mexico will account for 27% of the Latin American market in 2021, about US$35 billion, second only to Brazil.

Etsy's second quarter revenue is $528.9 million

On August 5, Etsy announced its second quarter results. Its total revenue in the second quarter was $528.9 million, a year-on-year increase of 23.4%; its total merchandise sales increased by 13.1% year-on-year to $3 billion. It is reported that in the second quarter, Etsy added 8 million new buyers, with a total of 90.4 million active buyers. In the past year, the GMS of each active buyer increased by 22% year-on-year, setting a new record.

Latin American e-commerce company MercadoLibre's revenue in Q2 2021 was US$1.7 billion

On August 5, according to data released by Latin American e-commerce technology company MercadoLibre, as of June 30, 2021, MercadoLibre's second-quarter net revenue was US$1.7 billion, a year-on-year increase of 93.9% in US dollars; total merchandise transaction volume increased to US$7 billion, an increase of 39.2% in US dollars; independent active users increased by 47.4% year-on-year to 75.9 million; the number of orders in the quarter reached 244.6 million, a year-on-year increase of 37.0%.

Amazon beauty brand LilyAna Naturals develops D2C and offline channels

On August 5, Amazon's famous beauty brand LilyAna Naturals is currently expanding its own D2C channels and developing business with new physical store partners. Public information shows that LilyAna Naturals was founded in Mississippi in 2014 and sold exclusively on Amazon. It was acquired by RDM Partners in July 2020. It is reported that LilyAna is migrating Amazon customers to its D2C website to collect more customer data. It is also working with private third-party suppliers to carry out activities and adding exclusive D2C products and sets on its website to attract Amazon customers to visit the website. LilyAna said that it is currently considering financing, but the specific time has not yet been determined.

The UK clothing e-commerce market is on a downward trend

According to emarketer, due to the impact of the epidemic, British consumers have reduced their purchases of clothing, and the proportion of the entire clothing market in the total e-commerce sales in the UK is expected to decline. It is predicted that clothing will be the only category to decline in the proportion of total retail e-commerce sales, which is expected to drop from 12.2% in 2019 to 10.4% in 2025. emarketer predicts that by 2021, the category's retail e-commerce sales in the UK will be close to US$20 billion, but growth will not rebound to 2019 levels.

AliExpress product prices increased by 21%

According to foreign media reports, AliExpress recently predicted that European customers will purchase fewer items on AliExpress due to new tax regulations.

It is reported that the new EU VAT regulations have increased the prices of many products on AliExpress by 21%, and the lower VAT rate of 9% applies to various items, including books.

China Post completed 8.73 billion pieces of delivery business in 2020

According to the 2020 annual report recently released by China Post on August 5, China Post Group achieved revenue of 664.5 billion yuan in 2020, a year-on-year increase of 7.7%; and realized profits of 60.64 billion yuan, a year-on-year increase of 12.5%. Among them, China Post's express delivery business achieved revenue of 75.73 billion yuan, a year-on-year increase of 4.9%, and completed business volume of 8.73 billion pieces, a year-on-year increase of 22%. In terms of express delivery business capacity building, postal cost control has achieved initial results: collection and delivery costs decreased by 6.3%, sorting costs decreased by 8.4%, transportation costs decreased by 11.1%, delivery costs decreased by 15.1%, and management costs decreased by 37.3%.

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