New EU VAT regulations are coming online, and the UK launches All Britannia online platform

eBay Announcement: New EU VAT Regulations are Coming Soon

On June 21, eBay recently released a notice on the launch of the new EU VAT regulations. It is reported that from July 1, 2021, eBay will collect and pay VAT on behalf of transactions shipped to the EU that do not exceed 150 euros . At that time , sellers will need to electronically submit the import one-stop service number provided by eBay to the carrier .

All Britannia online marketplace launched in the UK

According to foreign media Tamebay , the UK has recently officially launched All Britannia, an online marketplace for selling local British products. The platform aims to connect British sellers with British consumers who support local products . All Britania said that merchants can use platforms such as Shopify, Squarespace and WooCommerce to quickly list products on All Britannia ; in addition, the condition for joining the platform is that the seller's business must be located in the UK and sell domestic British products.

PayPal to adjust payment processing fees across the U.S.

On June 21, according to cnBeta , in addition to cutting the behind-the-scenes processing costs of some Visa and Mastercard transactions, PayPal Holdings plans to increase merchant costs for some branded payment products in the United States on August 2. The move reflects the strong growth of PayPal's online transaction business , especially during the COVID-19 pandemic , when its active accounts increased to 377 million, more than double that of 2015.

Shenzhen Yantian Port is expected to basically resume production levels by the end of June

According to the Securities Times , as of now, Yantian Port has put into production 9 berths , receiving 8,000 ETA-7 export heavy containers every day, with a daily throughput of nearly 24,000 TEUs. The overall operating capacity of the port terminal has recovered by 70%. Next, in accordance with the provincial and municipal epidemic prevention and control policies, and on the premise of doing a good job in epidemic prevention and control, Yantian Port is expected to basically resume production levels by the end of June.

eBay releases list of best-selling items for winter in Australia

On June 21, according to data from eTailer , Australian consumers are keen to buy winter products, with sales of winter electric heated boots up 441%, electric heated socks up 417%, and electric heated scarves up 362% . In addition, sales of pet winter products have also soared, with sales of puppy down jackets up 191%, and sales of dog turtlenecks and hoodies up 204% and 121% respectively .

South Korea's Kakao to merge with e-commerce subsidiary Kakaocommerce

According to foreign media reports , in order to compete with Naver and Coupang for the Korean e-commerce market share , the Korean mobile platform Kakao Corp. recently announced that it will merge again with its e-commerce subsidiary Kakaocommerce Corp. It is reported that the merger will be decided at the board meeting on June 22. In addition, after the merger is completed in the third quarter, Kakaocommerce will operate as a company (CIC) within Kakao.

Indonesian e-commerce company Bukalapak is rumored to be listed at the end of August

According to Reuters, two people familiar with the matter said that Indonesian e-commerce company Bukalapak plans to seek up to 800 million in financing in its IPO in August. According to people familiar with the matter, Bukalapak, Indonesia's fourth-largest e-commerce company, plans to sell 10%-15% of its shares and hopes to value the company at between 4 billion and 5 billion as investors' interest in the rapidly expanding technology industry in Southeast Asia has increased. One of the people familiar with the matter added that Bukalapak has confidentially submitted a listing prospectus to the Indonesia Stock Exchange. Depending on investor demand and market conditions, the amount of funds raised in this offering may be between 500 million and 800 million US dollars.

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