Around the Ecommerce world in 5 mins!

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.

Seller gets unexpected £12k bill because Amazon undercharged on fees

In January we reported that Amazon had undercharged sellers in the Electronics Accessories Categories and intended to recoup the balance in the near future. It would appear that the bills have started rolling in. Amazon’s Seller Referral Fees for Electronics Accessories should be 12%, but they were incorrectly charged at just 7% for four months and Amazon want all those 5% undercharged fees paid up.

UK Online Shopping and E-Commerce Statistics for 2017

The market for online shopping is growing at a remarkable rate. Approximately 87% of U.K. consumers have bought at least one product online in the last 12 months, and the United Kingdom is second only to Norway for making e-commerce purchases in Europe. Across the world, nations such as China and the United States are the biggest online buyers, but other countries are catching up.

As Amazon Floods With Chinese Sellers, Western Brands Move Into China’s Booming E-Commerce Market

Alibaba’s Jack Ma recently boasted to Trump that his company will create one million jobs in the US via increased access to Chinese customers through its e-commerce platform. While this statement could probably at least partially be written off as hyperbole, e-commerce has gone global. Marketplaces like Amazon, Taobao, TMall, and JD are eroding the boundaries of political geography, as merchants in countries like China are being given access to customers in places like the USA while US merchants are being granted a direct link to end buyers in China.

UK Amazon sellers are least enthusiastic exporters in Europe

In terms of Europe, there are five key Amazon marketplaces: the UK, France, Germany, Spain and Italy. And a report has been examining how sellers in those 5, sell amongst themselves. It will hardly be a surprise to learn that the UK is the most popular market, and the biggest, when it comes to sellers in France, Germany, Italy and Spain. The result is, by percentage, the Brits are the least enthusiastic exporters by comparison.

Taiwan’s e-commerce sites losing ground to overseas competitors

40 percent of online purchases made in Taiwan are from overseas sellers, and 84.3 percent of online shoppers said they would be willing to buy from foreign vendors, according to statistics from Market Intelligence & Consulting Institute (MIC), a Taipei-based global ICT industry research organization. China accounted for the most-used cross-border e-commerce sites in Taiwan with 72.7 percent of respondents saying they shopped on Chinese online retailers.