eBay announced that Terapeak will be free to sellers, and Shopify's sales have reached 40% of Amazon's

eBay announces that Terapeak product research will be free to all sellers

eBay US recently announced that its Terapeak product research function will be open to all sellers in the US for free, including store and non-store sellers, and the new purchasing insights function is only available to basic or advanced store sellers. It is reported that this function will help sellers conduct in-depth research on eBay market data, understand commodity market pricing, and then optimize listing titles, product details, pricing, etc.

Shopify's sales now account for 40% of Amazon's

In 2020, the total merchandise volume (GMV) on Amazon was $300 billion, a year-on-year increase of 50%. During the same period, Shopify's total merchandise volume (GMV) reached $119 billion, a year-on-year increase of 96%, which is 40% of Amazon's. Shopify's total transaction volume in the second quarter of 2020 has exceeded that of the old e-commerce platform eBay, becoming the second largest e-commerce website after Amazon. It should be noted that five years ago, Shopify's business scale was only one-tenth of eBay's.

Newegg accepts payments in Dogecoin

On April 20, Newegg announced that it would begin accepting Dogecoin as an official payment method to celebrate "DogeDay". It is worth mentioning that as early as 2014, Newegg became the first mainstream e-commerce platform to accept Bitcoin payments. At the same time, Newegg is also one of the first platforms to allow users to use Dogecoin to pay when shopping online.

Russian travel and outdoor leisure products are very popular

Due to the epidemic, overseas travel has been restricted, and domestic travel has become the choice of most Russians. Wildberries analysts found from sales data from April 12 to April 18 that the number of online orders for camping products increased three times year-on-year.

Russians will spend more on travel in 2021. Compared with April 2020, the average expenditure on fishing products increased by 56% to 655 rubles; the average expenditure on car refrigerators for long-distance travel increased by 264% to 3,460 rubles, and the sales of car pillows, car tables and car emergency repair kits increased by 3 times, 4 times and 9 times respectively; while the average expenditure on tourist tents rose by 14% to 3,425 rubles.

Starting in May, sellers of watches on eBay will have to pay more

Starting in May, sellers will have to pay higher fees if they sell watches on eBay, regardless of the final transaction price, to cover the cost of selling high-priced luxury watches on eBay, so some watch sellers call it a "luxury tax." The current changes are: Sellers who participate in managed payments without an eBay store will need to pay a 12.35% fee, plus 30 cents, to sell watches that do not exceed $1,000. Items sold for more than $1,000 will jump to 15%.

Italy's e-commerce market is booming

According to the global online shopping trends report for the first quarter of 2021 released by Salesforce, the Italian e-commerce market grew by 78%, exceeding the global average.

The report pointed out that the global e-commerce market grew by 58% in the first quarter of 2021, much higher than the level before the epidemic. The growth rate in the first quarter of 2020 was only 17%, which shows that online shopping has become a purchasing habit for consumers. In addition, Italy ranked fourth in the European market with a growth rate of 78%, second only to Canada, the Netherlands and the United Kingdom.

Amazon plans to launch $250 million fund in India

Amazon has announced that it will launch a $250 million fund, Amazon Smbhav Venture Fund, in India . It is reported that the fund will focus on the digitization of small and medium-sized enterprises in India and the innovation of agricultural technology and medical technology. At the same time, Amazon also announced that it will connect 1 million offline retail stores to its Indian website by 2025.

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