Russian e-commerce giant Wildberries taps into new markets; Nautilus's number of new customers increased fourfold in 2020

Russian e-commerce giant Wildberries taps into France, Italy and Spain

Een.com learned that after Wildberries entered Poland and other Eastern European markets in May 2020, Russian e-commerce giant Wildberries entered the German market on January 15, 2021, marking Wildberries' official entry into the European market. Today, the Russian e-commerce giant has accelerated its westward expansion by launching Wildberries.fr in France, it.wildberries.eu in Italy, and Wildberries.es in Spain.

It is reported that buyers in France, Italy and Spain can already order fashion , accessories , consumer electronics , books , beauty products , auto parts and pet supplies through corresponding e-commerce websites or using iOS or Android applications. Moreover , these websites and corresponding applications are operated in the native languages ​​of Europe.

India will adjust tariffs across the board, increasing import taxes on more than 30 products by 5%-100%

The Indian Finance Minister submitted the budget for the 2021-2022 fiscal year to Parliament. In this budget, the focus of import tariff adjustments is on electronic and mobile products, steel, chemicals, auto parts, renewable energy, textiles, products manufactured by MSMEs, and agricultural products to encourage local production. In addition, tariffs on certain auto parts , mobile phone parts and solar panels have been increased to promote India's domestic manufacturing industry.

Wish releases FBW-EU-TLL warehouse relocation and "shipping fee" update notice

In view of the upcoming changes in the EU VAT policy and the new VAT registration requirements in Estonia, Wish will relocate the FBW-EU-TLL bonded warehouse to a new location to cope with the above changes. In addition, the shipping costs of the relocated FBW-EU-TLL warehouse will be increased from 4:00 pm UTC on March 7, 2021.

Vietnam's one-hour e-commerce delivery company Loship receives investment from Skype co-founder

Vietnam’s one-hour e-commerce delivery company Loship announced that it has received investment from Skype co-founder Jaan Tallinn, who participated in this round of investment through his investment institution MetaPlanet Holdings.

Loship is MetaPlanet’s first investment in Southeast Asia. The new funds will be used to upgrade its platform, improve technical capabilities, and double down on marketing to strengthen its foothold in existing markets.

Nautilus's new customer base increased fourfold in 2020

Nautilus , a manufacturer of home fitness equipment, released its fourth-quarter financial report. Affected by the epidemic, consumers have strong demand for home fitness equipment. Nautilus' direct sales and retail businesses experienced the strongest sales quarter ever, with total sales of US$189.3 million, an increase of 81.7% year-on-year; net profit of US$77.9 million, a year-on-year increase of 104.1%; full-year net sales in 2020 were US$552.6 million.

Nautilus added four times more new customers in 2020 compared to 2019. Traffic to its fitness equipment brand bowflex.com increased approximately three times, and traffic to schwinnfitness.com increased four times. Nautilus said it will continue to build long-term relationships with its top partners and continue to expand through Best Buy and Costco in the United States and Canada.

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India