Tag: ebay


Australia’s “Amazon tax” likely to go ahead

Australia’s “Amazon tax” likely to go ahead

Australia will become the first country in the world to force online marketplaces to collect the country’s consumption tax on low-value items sold to Australians from sellers based overseas, from July.  Dubbed the “Amazon tax,” the Australian government’s Treasury Laws Amendment (GST Low Value Goods) Act 2017 closes a loophole that meant purchases under $1,000 AUD from overseas sellers were exempt from Goods and Services...

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Taiwan’s PChome incurs $38mln U.S. operating loss

Taiwan’s PChome incurs $38mln U.S. operating loss

PChome Store (at PCstore.com.tw), which operates the consumer-to-consumer marketplace Ruten.com.tw in Taiwan, posted an operating loss of NT$1.11 billion ($37.7 million U.S.) for 2017. This is according to a DigiTimes report last week, which cited high marketing expenses as the reason for the large loss. PChome Store, which is owned by PChome Online Inc., recorded revenue of NT$1.27 billion ($43.1 million U.S.), a gross margin of 12.9 percent, and...

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Taiwan’s Ruten plans overseas IPO

Taiwan’s Ruten plans overseas IPO

Leading Taiwanese consumer-to-consumer site Ruten (Ruten.com.tw), a joint venture between PChome Online (TWSE: 8044) and EBay in Taiwan, plans to raise capital through an initial public offering (IPO) abroad, to fund its expansion into other Asian countries. English-language journal Taipei Times reported that the company had planned its listing on Hang Seng Index in 2016, but backed off in response to the rival Shopee’s aggressive local expansion. “We are going to present...

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EBay to replace PayPal with Dutch payment platform

EBay to replace PayPal with Dutch payment platform

EBay will start conducting all payments in the United States via the Dutch payment system Adyen from next year, the Dutch newspaper Het Financieele Dagblad reported. It will thus terminate its partnership with PayPal and intends to roll Adyen out globally from 2021. “This end of the love affair between EBay and PayPal,” French media reported, calling it the end of one of the most outstanding partnerships...

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Taiwan’s Ruten introduces keyword advertising

Taiwan’s Ruten introduces keyword advertising

Ruten (Ruten.com.tw) has unveiled “keyword advertising” to provide its growing number of customers with a marketing tool to promote products. The online marketplace (new and used goods) is operated as a joint venture between PChome Online (TWSE: 8044) and EBay in Taiwan In a statement, the site said the new feature enables sellers to set multiple keywords for an item to find the most appropriate entry point....

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Zalando preparing to sell preloved fashion items?

Zalando preparing to sell preloved fashion items?

Zalando, the Rocket Internet-backed retail fashion site that operates in 15 European countries, is quietly piloting a second-hand fashion project that enables users to send in used clothing in exchange for vouchers to buy new stuff on the site. Zalando, founded in 2008, is Europe’s largest online-only fashion retailer. It was one of the first companies founded by Rocket Internet, which modeled it on the...

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Amazon’s surprise Australian launch

Amazon’s surprise Australian launch

At least Amazon (Nasdaq: AMZN) can say it’s Australian launch managed the element of surprise. It’s local site went live a little after midnight on Tuesday, after analysts speculated just last week that it might not materialize until 2018. But, Aussies were also surprised by the e-commerce site’s prices, which were mostly more expensive than local retailers, or only a fraction cheaper, and certainly didn’t...

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Mexican horizontal Vivanuncios launches mortgage guide

Mexican horizontal Vivanuncios launches mortgage guide

EBay-owned horizontal Vivanuncios launched a Mortgage Guide in Mexico to help individuals make better decisions when buying properties. Despite operating also as a horizontal site in Mexico, Vivanuncios has successfully monetized the real estate category by targeting agents, developers and individuals. EBay acquired it in January 2015. It competes with Schibsted’s SegundaMano.mx. Vivanuncios has some 232,352 listings in real estate, while SegundaMano has some 160,000 listings. The guide...

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Tax shock for marketplaces in Spain

Tax shock for marketplaces in Spain

Marketplaces like Wallapop, EBay and Vibbo received unwelcome news from the Spanish tax authority. Treasury minister Cristóbal Montoro announced that transactions between private sellers are subject to a four percent tax.



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