ICE, the parent company of the New York Stock Exchange, abandons merger negotiations with eBay, and Amazon Japan changes its warehousing policy

On February 7, Intercontinental Exchange Inc. (ICE) said after the market closed on Thursday that it had decided to stop exploring trading options with eBay.

Intercontinental Exchange is the parent company of the New York Stock Exchange. A few hours before the incident, the CEO of ICE said he was "happy" to have a dialogue with eBay. As a result, ICE's stock price rose nearly 3% after the market closed on Thursday, while eBay's stock price fell nearly 7% after the market closed.

Intercontinental Exchange CEO Jeffrey Sprecher said he first came into contact with eBay 20 years ago when Meg Whitman, then CEO of eBay, suggested he build an online marketplace when ICE was launching a new business.

On February 6, Amazon Global Selling stated that Amazon Japan will also make changes to the Amazon Logistics (FBA) warehousing restriction policy.

To promote the optimization of inventory management and help products enter the warehouse and be delivered to buyers faster, starting from April 1, 2020, Amazon Japan will adjust its storage restriction policy and use the Inventory Performance Index (IPI) score to measure the inventory health of FBA sellers.

At that time, the storage limit will be changed from the original inventory quantity as the benchmark to the storage limit based on volume. Sellers can view the volume at the ASIN level on the Inventory Age page of the Seller Platform. Storage limits apply to four storage types: standard size products, large size products, clothing & fashion accessories, and shoes and boots.

At the same time, storage limits are mainly based on seller sales, quarterly IPI score trends, and inventory conditions in Amazon's fulfillment centers. Sellers who join the Professional Selling Program can enjoy unlimited inventory capacity in standard-size items, large items, apparel, and footwear categories when they maintain an IPI score of 350 or above.

In addition, Amazon Japan will adjust the storage limit on a quarterly basis, and the storage limit is also mainly determined by the seller's IPI score. Sellers can improve their IPI scores by reducing redundant inventory, increasing sales rates, and repairing product information.

Recently, eBay announced new mandatory eBay item specific requirements yesterday, which will take effect at the end of March 2020.

Starting March 31, eBay will introduce mandatory items in the Home & Garden and Electronics categories. This applies to all new and revised listings. Merchants can find details of the required products and a full list of affected categories in eBay Seller Center and download an Excel list.

There are no major name changes or new attributes required this time. It is also consistent with eBay's emphasis on the importance of item details. eBay has been working hard to improve the visibility of sellers' listings on eBay and external search engines. After this update, when sellers add new inventory, they must add relevant item details, otherwise they will not be able to add new inventory.

On February 7, Tmall Global issued an announcement today to adjust the delivery time during the new coronavirus pneumonia epidemic.

For orders paid by consumers within a certain period of time, merchants (except for virtual categories*) need to ship the goods on or before a certain adjusted date and ensure that consumers can view the logistics status of the order in the logistics company system, such as collection, transit, delivery, and signature.

The specific adjusted delivery time rules are as follows:

Those who violate the above rules will be handled in accordance with Tmall International’s delayed delivery rules and implementation details.

February 7th news, Amazon announced on Thursday that it plans to open its first logistics center in Bondurant, Iowa.

It is reported that the logistics center covers an area of ​​645,000 square feet. Amazon employees will work with robots to pick, pack and deliver small items such as books, electronic products and toys for customers.

The new logistics center is expected to open in late 2020 and will create 1,000 new full-time jobs. In addition to full-time jobs with a minimum hourly wage of $15, the logistics center also provides comprehensive benefits to employees from day one, including comprehensive medical, vision and dental insurance, and 50% contribution to the 401K retirement plan funds. In addition, the company also provides up to 20 weeks of paid maternity leave, as well as innovative benefits such as vacation sharing and adjustment, so that new parents have greater flexibility in their growing families.