e-commerce

    • eBay sells its South Korean business for $3.6bn

      eBay sells its South Korean business for $3.6bn

      The e-commerce giant eBay has decided to sell its business in South Korea for a total of 3.6 billion dollars, Reuters reported. Buyers are two companies – the retailer Shinsegae Group's E-Mart and the web portal operator Naver. eBay is Korea's third-largest e-commerce firm with market share of about 12.8% based on estimates related to 2020 by Euromonitor. It operates the platforms Gmarket, Auction and G9.

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    • Amazon wipes 10bn counterfeit listings

      Amazon wipes 10bn counterfeit listings

      The world's biggest e-commerce company Amazon announced it had blocked over 10 billion false listings over the past year, AP reported. The operation comes in response to mounting complains from shoppers and brands. The complaints spurred a massive campaign against phony listings. The data was released in Amazon’s first report on its anti-counterfeiting efforts since it announced new tools and technologies in 2019. The number of blocked phony listings last year was up about 67% from the year before.

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    • 75 countries launch WTO  talks on e-commerce

      75 countries launch WTO talks on e-commerce

      75 countries - the European Union and 47 other members of the WTO decided today to start negotiations to put in place global rules on electronic commerce. The prepositions will be aimed at enhancing opportunities and addressing challenges of e-commerce in both developed and developing countries. Then, the negotiations are intended to result in a multilateral legal framework that consumers and businesses, especially smaller ones, could rely on to make it easier and safer to buy, sell and do business online.

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    • DHL to focus more on e-commerce in Turkey

      DHL to focus more on e-commerce in Turkey

      DHL has announced plans to concentrate more on e-commerce in Turkey starting next year, since it considers Turkey as an important regional hub which could fuel growth in the Middle Eastern and European markets. As first step of this plan the German logistics player will be setting up an operations center at Istanbul Airport.

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    • EU breaks down barriers to e-commerce

      EU breaks down barriers to e-commerce

      Consumers and businesses show an increasing interest in shopping and selling across the EU, with online sales of products growing by 22% per year. Many traders however still make it difficult for customers from another EU Member State to buy online or to benefit from equally advantageous prices in comparison with local clients.

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    • Instagram is prepping standalone shopping app

      Instagram is prepping standalone shopping app

      Instagram isn’t resting after launching its new IGTV video platform in July this year and is now building a standalone shopping application - a move that is seen as quite a big pivot toward e-commerce. According to the current information the Facebook-owned image- and video-sharing platform's new app is expected to be called IG Shopping, although this is not certain yet, since there are only few details around the plan for now.

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