Amazon will adjust commissions in Europe, Hive receives 6.6 million euros in startup financing

Amazon to adjust commissions and some other fees in Europe

Amazon reportedly claimed that it plans to adjust some fees on the platform from June 2021, as it incurred more than $5 billion in COVID-19-related costs in 2020. The adjustments include reducing the sales commission for selected cars and motorcycles in some European regions from 15% to 9%, and increasing the commission for selected DIY and tools from 12% by 1%. The half-price promotion for sales commissions in the clothing, shoes and bags categories, which was originally scheduled to end at the end of this month, will be extended to March 31, 2022.

German e-commerce logistics company Hive receives €6.6 million in start-up funding

According to foreign media reports, German e-commerce logistics company Hive recently received 6.6 million euros in start-up financing, with Earlybird as the main investor . The company plans to expand its team in Berlin. It is reported that Hive, a logistics service provider , focuses on the D2C field and hopes to provide small stores and brands with opportunities to directly contact customers or special solutions in the packaging field.

Amazon adds free exchange service with prepaid return labels

According to an announcement recently released by Amazon, the "free exchange" service launched by the prepaid return label program has been launched. According to reports, in the future, when buyers receive goods that are damaged in transportation, have product quality defects, or do not match the actual description, in addition to applying for a refund, they can also choose "free exchange".

Russia's Yandex plans to launch e-grocery delivery service in Europe in second quarter

Russian tech giant Yandex plans to launch an e-grocery delivery service in Europe in the second quarter , following the success of its pilot fast on-demand delivery service in Russia and Israel. Yandex is one of the leaders in Russia's vibrant e-grocery market and one of the world's largest fast grocery delivery providers, already offering services in 17 countries, including Finland, Estonia, Latvia and Lithuania.

Amazon raises $3.5 billion to acquire premium stores

According to foreign media reports, in the past 12 months, Amazon has raised $3.5 billion to acquire high-quality stores, of which $2.5 billion was raised in the first four months of 2021 alone. It is reported that the highest acquisition price of some Amazon US stores has exceeded $10 million.

Taobao merchant tool "Business Advisor" will reduce fees

It is reported that some functions of the "Business Advisor", a must-have operating tool for Taobao and Tmall merchants, will be free instead of charged. It is expected that all functions of the two sections "Traffic Horizontal" and "Category Compass" will be free first from the end of May. In the next stage, Alibaba is also considering reducing fees for more versions of "Business Advisor". There may also be corresponding refund arrangements for merchants who have paid for the product.

Aihuishou, a second-hand electronics trading platform, plans to go public in the U.S. in early June

It is reported that Aihuishou, a second-hand electronic product trading platform, plans to go public in the United States in early June this year, aiming to raise $500 million to $1 billion. People familiar with the matter said that Aihuishou's target valuation is between $4 billion and $5 billion. It is reported that Aihuishou has hired Bank of America and Goldman Sachs to handle the IPO and plans to submit documents in mid-May. At present, Aihuishou and the two banks have declined to comment.

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