Amazon US will continue to allow sellers to purchase policies with deductibles



Shipping giant Maersk: Container demand growth expected to slow this year


Global container shipping company Maersk said on Wednesday that global container demand growth was expected to slow in 2022 as the number of container shipments declined in the second quarter due to worsening consumer confidence and port congestion. Maersk, seen as a barometer of global trade with about 17 percent of the market, said the number of containers loaded onto ships fell 7.4 percent year-on-year in the second quarter.


Amazon US will continue to allow sellers to purchase policies with deductibles


On August 3, Amazon US released an announcement saying that after the commercial liability insurance policy was updated on June 13, sellers faced challenges in purchasing zero-deductible policies. policy and revert to previous policy requirements.


Amazon says the deductible on any policy cannot exceed $10,000, and any deductible must be listed on the certificate of insurance. Amazon also said it will reflect the update in the platform's commercial liability insurance policy in the coming days.


Shopee adds wide-format store ads to help sellers improve ad conversions


On August 3, Shopee announced that the platform will launch a new wide-format store advertisement design. Compared with the previous old version, the new version is wider and more obvious in visual effect, and allows buyers to show the most similar to their search results. Related products and coupons.


It is reported that this wide design of store advertisements can help sellers improve ad conversions and detonate traffic. Store advertisements are currently only available for branded merchants, preferred merchants, and some sellers with excellent sales performance. Regarding how to quantify "some sellers with excellent sales performance", including but not limited to the following indicators: the average daily order volume of the store reaches a certain amount or more; the total GMV transaction volume of the store reaches a certain amount or more; the store score is higher than a specific score; the platform will Evaluate seller participation eligibility.


AliExpress Russia orders are gradually released


On August 3, AliExpress issued an announcement saying that Russian orders are being gradually released, and sellers who have completed the signing of Wanlihui account before July 31 can go to "RU Order Fund Management" for capital operations today. At the same time, AliExpress will also waive the fund withdrawal and transfer fees for the new portal before August 31, 2022.


It is reported that AliExpress Russia has launched a new "RU Order Fund Management" portal on July 25. Merchants can find "RU Order Fund Management" at the bottom of the left navigation bar of the Alipay International Account "Seller Center Fund Management" page in the AliExpress background. Fund Management" entry. Currently, the "RU Order Fund Management" portal only supports RMB exchange settlement. Merchants who use USD quotations should pay special attention. Merchants who use RMB quotations will not be affected. In order to ensure that the new user's fund account can be used normally, the seller needs to ensure that the KYB and other compliance materials have been submitted, and the contract to authorize the Wanlihui account number.


PayPal's second-quarter revenue was $6.806 billion, a year-on-year turnaround


On August 3, payment service provider PayPal announced its financial results for the second quarter of 2022. The report shows that PayPal’s net revenue in the second quarter was $6.806 billion, an increase of 9% compared with $6.238 billion in the same period last year, and a 10% year-on-year increase excluding the impact of exchange rate changes; a net loss of $341 million, a year earlier Net profit for the same period was US$1.184 billion, a year-on-year decrease of 129%; diluted loss per share was US$0.29, compared with US$1.00 per diluted share in the same period last year.


Logistics platform Omnivio receives $400,000 in angel funding


Omnivio, a Noida-based e-commerce and Omni-Logistics platform providing control tower-enabled logistics marketplaces for businesses, has announced it has raised $400,000 in an angel round. Omnivio is a Noida-based control tower supported logistics marketplace connecting retail businesses and logistics providers.


Financial software provider Savana raises $45 million in Series A funding


Pennsylvania-based financial software provider Savana has closed a $45 million Series A round led by Canadian growth-stage investor Georgia Ann. The Series A funding will be used to support the development of the company's core agnostic digital delivery platform, improve its go-to-market capabilities and accelerate the development of new services. The company's API-first and cloud-native digital delivery platform digitizes bank-assisted and direct-to-consumer channels for banks and fintechs.



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