Join our daily newsletter At The Bell to receive exclusive market insights
- Digital Wine Ventures’ (DW8) WINEDEPOT has entered into a memorandum of understanding (MOU) with Australia’s number one online shopping site, eBay
- The deal will allow Australian wineries to list their products directly on eBay without having to set up an account
- Under the MOU, orders generated from eBay will be picked, packed and delivered by WINEDEPOT, allowing customers to purchase from multiple suppliers at the same time
- On the market this morning, Digital Wine is up 45.5 per cent and is trading at 16 cents per share
Digital Wine Ventures’ (DW8) WINEDEPOT has entered into a memorandum of understanding (MOU) with Australia’s number one online shopping site, eBay.
The deal will allow Australian wineries to list their products directly on eBay without having to set up an account.
Products picked through the partnership will be automatically uploaded via a new part of WINEDEPOT’s integrated trading and logistics platform called DIRECT.
Orders generated from eBay will be picked, packed and delivered by WINEDEPOT, allowing eBay’s 12 million monthly visitors to purchase from multiple suppliers at the same time.
Digital Wine’s CEO Dean Taylor is confident that this partnership will help local producers generate incremental sales to consumers.
“We know bushfires and COVID border closures along with limited venue capacities have left countless Australian businesses doing it tough,” eBay Australia’s Managing Director Tim MacKinnon said.
“eBay exists to create economic opportunity, which is why we’re excited to partner with WINEDEPOT, enabling local wine producers — many of which are located in regional areas — to scale their online offering and giving their local regions a much-needed economic boost,” he added.
On the market this morning, Digital Wine is up 45.5 per cent and is trading at 16 cents per share at 10:41 am AEDT.
