Around the Ecommerce world in 5 mins!

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Ecommerce is changing everyday, and sometimes by the minute. So many new ideas and developments everyday, becomes hard to keep track.

We bring to you a curated digest of ecommerce developments/happenings around the world, compiled from various publications across the Internet.

Amazon reduces the time for A-to-Z claims from 7 to 3 days

According to an email from an Amazon seller of our acquaintance, Amazon says: Beginning November 14, the response time to an A-to-z Guarantee claim notification will decrease from 7 calendar days to 3 calendar days. This means that you will have 3 days to respond to Amazon via Seller Central to any claim filed against you by the buyer.

eBay.com launch Fine Art and Design eBay Collective

eBay.com have launched eBay Collective, an elevated shopping experience to provide interior designers and consumers with curated inventory of furniture, antiques, contemporary design and fine art. eBay says that “The inventory on eBay Collective spans one-of-a-kind objects that can traditionally only be found in independent brick-and-mortar stores, while showcasing the incomparable selection that eBay offers, in an inspired, dedicated destination.”

Cross-border e-commerce gains popularity in China

A new report from eMarketer forecasts the number of Chinese cross-border shoppers to grow by 61% between now and 2020. With the appetite in China for goods from abroad growing, Payscout — a global payment processing provider — believes the Chinese cross-border e-commerce market represents a huge opportunity for small businesses. The company’s CEO Cleveland Brown said in a press release, “We encourage small to medium-sized businesses, in particular, to prepare themselves for taking advantage of the growing Chinese appetite for goods from abroad.”

Singapore leads the South East Asian eCommerce market with repeat purchases

B2C eCommerce is set to experience double digit growth in Southeast Asia by 2020. This growth is predicted to see revenue grow from 11 billion USD to 25 billion USD. Growth in the region is predicted to average at 17% year on year. In December 2015, data collected from the countries in this region indicated that 80% of Southeast Asian internet users have made a digital purchase in the three preceding months.

eBay is seeking younger buyers

A piece in the Wall Street Journal says that eBay’s current strategy is to attract more younger buyers and finally shed its image as an online auction site. That eBay is so frequently described as an auction site in the media does strike me as lazy, not least because Fixed Price has been dominant for some time, hasn’t been a pure auction site for 15 years and now 80% of eBay sales are BIN.

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