Timonf Incident Gap... Ali, Kavenue 'Zero Commission' Extended Until the End of This Year

Commission Fee Waived for Sellers Until December 31
Seller Fund Settlement Conducted Twice Monthly
Settlement Within 2 Business Days Upon Seller Request After Application

C-commerce (Chinese e-commerce) company AliExpress announced on the 16th that it will continue its commission waiver policy for 'K-Venue' tenants until the end of this year.

Earlier, AliExpress extended the commission waiver policy for K-Venue twice, in March and June. With this latest extension, the commission waiver for K-Venue tenants will be applied until December 31.

AliExpress K Avenue Main Page. [Image provided by AliExpress]

K-Venue is a domestic product sales channel launched by AliExpress in October last year. It operates in a similar manner to existing open markets in the e-commerce industry, where tenants receiving orders on AliExpress directly ship products to Korean consumers. Products sold on K-Venue are shipped domestically, and although delivery times vary depending on the product and region, most are delivered within 3 days. Shipping is free.

Since domestic manufacturers directly join AliExpress through K-Venue, flexible responses to product defects are possible, and delivery times have been shortened by using domestic courier services. The product range, which was mainly industrial goods, has also been expanded through K-Venue to include ready-to-eat meals, fresh foods, and agricultural products. Free returns are supported for all products sold on K-Venue.

Ray Zhang, CEO of AliExpress Korea, said, "The commission waiver policy will greatly help sellers on K-Venue reduce costs, secure sales, and expand sales channels, contributing to business growth. In addition, we will continue to provide generous support through various policies such as seller guides and promotional events."

Meanwhile, AliExpress processes fund settlements for K-Venue tenants as quickly as within 2 business days. Sales proceeds are settled on the 1st and 15th of every month, and a non-fixed settlement system has been introduced to allow tenants to request settlements at any time. If a tenant meeting the conditions requests settlement, the sales proceeds will be deposited into their account within 2 business days.

CEO Ray Zhang stated, "Fund settlement is a very important factor in building trust with partners. AliExpress will continue to do its best to ensure a stable system and reduce burdens for domestic companies through fast and efficient settlement methods, aiming to coexist with the domestic industry."

This content was produced with the assistance of AI translation services.