eBay UK updates some item descriptions with new rules, Shopee event deposit policy is coming soon

eBay UK updates some item descriptions

Recently , Optiseller on eBay reminded UK parts and accessories sellers that eBay UK will update some item description regulations on July 12, 2021. The new regulations involve 133 categories in the parts and accessories vertical field , including clothing, protective equipment, car and truck solenoid valve parts, and RV, trailer and camper parts and accessories.

Shopee event deposit policy is about to be launched

On July 7, in order to better maintain the order of official activities on the platform and ensure the shopping experience of buyers during the activities, Shopee will launch the activity deposit policy on July 6, 2021. At that time, sellers will need to pay a deposit and promise to submit activities and fulfill activity orders in accordance with Shopee policies. In addition, only sellers who have paid the activity deposit in full can submit Shopee official activities. It is reported that the Shopee activity deposit is charged to Shopee accounts registered with the same business license, and the amount is RMB 3,000.

Amazon founder Bezos' net worth hits record high of over $21 trillion

On July 7, according to Forbes' real-time rich list, Amazon's stock price closed up 4.7% on Tuesday, boosted by the news that the U.S. Department of Defense canceled Microsoft's $10 billion cloud project contract, pushing the net worth of the world's richest man and Amazon founder Jeff Bezos to over $210 billion, setting a new record. It is understood that Bezos officially stepped down as Amazon CEO on July 5 and handed over the company's daily management to Amazon's new and second CEO Andy Jassy.

Russian retailer Leomax launches online store

On July 7, in order to carve up the Russian e-commerce market, Leomax, a Russian chain of clothing, footwear, home and kitchen supplies, launched an online store. It is reported that after the launch of the Leomax online store, the ordering speed has increased by 15 times compared with 2020, and the conversion rate has increased by 3 times. In addition, Leomax plans to double the number of visitors by the end of 2021 and strive to increase sales this year by 45% over last year. Currently, Leomax is also actively developing its delivery services. The logistics center in Domodedovo can deliver up to 15,000 orders per day, and the loyal buyer base has reached 7.5 million. As of today, 500,000 buyers have registered for the Leomax Bonus loyalty program.

Philippines payment platform PayMay has 38 million users

On July 7, Philippine payment platform PayMaya recently said that as the platform continues to expand its cooperation with various government agencies and enterprises, its number of users has doubled in the past 18 months to 38 million. It is understood that PayMaya recently cooperated with the local government of Antipolo City in the Philippines to allow the use of digital payments in its various offices, public transportation vehicles and public markets. As of June, PayMaya has established partnerships with more than 70 agencies from the national and local government levels.

UK subscription box market expected to be worth £1.8bn by 2025

July 7 news, recently, the official WeChat account of Postal Research released a message, according to the latest UK subscription box market report of Royal Mail, by 2025, the subscription box market in the UK will be worth 1.8 billion pounds. In 2020, British consumers spent nearly 1.4 billion pounds on subscription boxes, and delivery companies delivered nearly 88 million subscription boxes to the whole UK. It is understood that in the UK, almost a third (30%) of shoppers have now signed up for at least one subscription box service. In addition, more than a quarter (27%) of subscription boxes are delivered by mailbox.

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