The last week.
What happened in the cross-border e-commerce circle.
Let's take a look.
Corporate Information
Amazon injected INR 8.3 billion into its Indian subsidiary.
Amazon's Indian subsidiary, Amazon Seller Service, has received an injection of 8.3 billion rupees ($100 million) from its US parent company. According to regulatory filings, the capital injection involves an issue of Rs 8 at Rs 10 per share300 million shares**, of which more than 995% of ** is allocated to Amazon Corporate Holdings Pvt Ltd and a small portion is issued to Amazoncom.inc ltd。
Amazon will launch a new low-priced product vertical** in India.
Amazon Inc. will launch a Bazaar store in India, which will mainly sell low-priced, unbranded fashion and lifestyle products. The ** started accepting sellers to settle in and asked the latter to list unbranded products under Rs 600, including clothing, watches, shoes, jewellery and luggage. The lead time may be two to three days.
Amazon UK launched EPR payment service.
Amazon UK recently announced that Amazon's Extended Producer Responsibility (EPR) payment service has now been launched in the UK. Amazon officially said that for sellers in 2024 and beyond, Amazonco.For empty package sales and packaged goods sales on the UK, Amazon does not charge an annual service fee for payment on behalf of the UK service. However, for sellers from April 1, 2024 on Amazonco.For all packaged and empty packages sold on the UK, Amazon reserves the right to charge the seller an eco-contribution fee paid by Amazon on behalf of the seller. If the seller is not registered in the UK and is on Amazonco.For the sale of packaged or empty packaging on the UK, Amazon will consider the seller's relevant sales reporting obligations and the seller will be automatically enrolled in Amazon's dropshipping service.
Amazon US launched the ** post function.
Amazon Global Selling announced that the post tool has been updated, and the short** function is officially launched, from now on, you can publish a 9:16 vertical version of the short ** in the post within 60 seconds, including a short title, and the products displayed will be fixed at the bottom of the screen. This feature is available at no additional cost and is currently available in the United States.
TikTok has launched a new influencer marketing solution.
TikTok for Business announced that the TikTok for Business Overseas Business Center and TikTok Creator Marketplace have launched the "TikTok Premier Selection" influencer marketing solution.
In 2023, TikTok e-commerce will account for more than 90% of GMV in Southeast Asia.
According to Yipit Data data, in 2023, TikTok e-commerce will account for more than 90% of GMV in Southeast Asia, of which Indonesia, Thailand, Vietnam, the Philippines, and Malaysia will account for about % respectively; The U.S. market has achieved high growth since its launch in 2023, accounting for about 8 GMVs by the end of 20236%, and the UK accounts for about 12%。
The total number of TikTok merchants in Indonesia has exceeded the 150,000 mark.
China Merchants ** conducted an in-depth survey on TikTok's e-commerce business, and the research results show that despite the continuous turmoil in the Indonesian market, TikTok still significantly empowers the e-commerce business with its traffic advantages, and by the end of 2023, the number of merchants in the Indonesian market has exceeded 150,000, leading other sites.
TikTok's semi-closed-loop e-commerce business has been launched in 8 major countries.
The TK Growth Association reported that TikTok has now launched a semi-closed-loop trailer account. Currently, the countries that have launched the closed beta are: Germany, France, Spain, Italy, Canada, Australia, Japan, and South Korea. It is expected that more new countries may be opened in the future, covering South America, Central Asia, Southeast Asia, New Zealand and other regions.
TikTok Shop's Fully Hosted Valentine's Day Sale Orders in the UK market increased by 132%.
TikTok Shop's fully hosted Valentine's Day sale has come to an end. In the U.S. market, the payment GMV increased by 116%, the content market GMV increased by 117%, the * market GMV increased by 110%, and the super single product GMV increased by 167%; In the UK market, the payment GMV increased by 137%, the content market GMV increased by 151%, the * market GMV increased by 138%, and the order volume increased by 132%.
TikTok has launched a new influencer IP program to further improve the marketing efficiency of brand influencers.
Based on the advantages of the platform's data strategy and the ecological operation capabilities of service providers, TikTok for Business has launched the "TikTok Premier Selection" influencer marketing solution, which will provide one-stop influencer marketing service investment promotion solutions for overseas advertisers from scientific pre-screening, customized product efficiency strategies, fulfillment services to crowd reinvestment. And integrate high-quality platform resources to help improve the quality and efficiency of overseas brand talent marketing.
Ali International will expand the scale of AliExpress Choice through investment.
According to official data, Alibaba International Digital Business Group's revenue in the December quarter increased by 44% year-on-year to 285RMB1.6 billion, beating expectations for six consecutive fiscal quarters. At a time when all of Ali International's retail platforms are growing strongly, AliExpress's cross-border business choice is particularly mentioned in the performance, and its orders continue to grow rapidly, which has become the business highlight of Alibaba International.
Ali International Station semi-hosting was officially launched.
Ali International Station semi-hosting has been officially launched in 6 countries: the United States, Canada, Mexico, the United Kingdom, Germany, and France. Participating semi-managed products are labeled "Alibaba Guaranteed" and marked with accurate delivery timeliness, fixed prices, and after-sales guarantees to attract more spot buyers.
Pinduoduo Temu's registered users in South Korea have surged nearly 10 times in half a year.
According to WiseApp, a South Korean mobile market research company, the number of registered Korean users of Pinduoduo's overseas version of Temu has increased from 520,000 in August last year to 5.7 million in January this year, an increase of nearly 10 times in half a year.
Temu Japan users grew by 2.2 million per month.
temu surpassed 15 million users in Japan in January. The e-commerce company has been in Japan for about half a year and has reached more than 5% of the average of Japan's leading three major e-commerce companies. Since the official launch of the service in July 2023, the number of monthly users has grown at a scale of 2.2 million. The number of users of the clothing platform Shein also exceeds that of Zozotown, a well-known clothing e-commerce platform in Japan. In the context of Japanese consumers becoming more and more economical, with low prices and quality, it has become a threat to Japan's existing e-commerce.
The Temu Israel site received 4.76 million visits in January, an increase of 37
According to SimilarWeb, in September 2023, the number of visits to Temu's Israel station reached 2750,000 times. Then in October, the number of visits doubled to 510,000. The number of visits to temu fell to 420,000 in November. By December, however, the number of visits had soared to 3.47 million. This trend continues into 2024, with Temu seeing a 37-plus increase in visits to 4.76 million in January of this year. Industry insiders believe that the significant increase in visits to Temu Israel is mainly due to Google search and paid promotion of the platform. In December, the top search terms for Israelis to Google temu were related to winter products such as electric blankets and scarves.
eBay USA will improve the Streetwear certification process.
eBay USA recently issued a notice saying that it will improve the streetwear certification process. According to reports, the current streetwear certification process includes 2 steps, the first step is certification, and the second step is list accuracy. In some cases, the item may be **, but eBay's experts found that the item was different from the description on the list. When this happens, eBay informs the buyer what the discrepancy is and gives the buyer a chance to continue the transaction or return the item to the seller.
AliExpress custody model expands investment and launches "overseas hosting".
AliExpress is currently conducting a pre-investment promotion of "overseas hosting". This is another new model launched by AliExpress after full custody and semi-custody. According to the investment promotion data, "overseas custody" is mainly to provide business custody services for merchants who stock overseas.
Ozon has introduced a new shipping fee for products up to 250 grams.
Next week, Ozon will introduce new shipping rates for products weighing up to 250 grams. These changes are designed to improve the cost-effectiveness of shipping small and light items, providing an opportunity for sellers to have their products on the platform. The maximum rate for these items will be set at 1$68, available from 0More favorable shipping options from $50.
Shopee's official wallet has launched the transaction details viewing function.
In order to provide sellers with better collection services, Shopee Official Wallet (Shopee Pay) has launched the transaction details viewing function, and a new entry "Transaction Details" has been added to the homepage, which supports sellers to view various transaction details of all stores under the merchant (within the past 1 year), including cash withdrawals, income, equity cards, and early returns.
1688 cross-border GMV increased by 1% year-on-year in January this year5 times.
1688 released its January report card, and the data shows that in January 2024, cross-border GMV increased by 15 times, the number of cross-border orders increased by 1 year-on-year2 times, the number of buyers for cross-border transactions increased by 1 year-on-year1 times.
China Eastern Airlines and SHEIN have comprehensively deepened their strategic cooperation.
China Eastern Airlines has deepened its strategic cooperation with SHEIN, the world's leading fashion and lifestyle** retailer, and its subsidiary, China Eastern Airlines Logistics, signed a memorandum of strategic cooperation with SHEIN. The two sides will deepen cooperation by enriching the route network, expanding the charter business, and strengthening the logistics layout in South China and overseas markets.
Zi Bu Si: It is expected that the net loss in 2023 will be about 2400 million yuan - about 2900 million yuan.
Zibuyu recently announced on the Hong Kong Stock Exchange that the net profit in 2022 is about 1$1.1 billion, and the Group expects to record a net loss of about 2$400 million to about $2900 million yuan. During the reporting period, the Group completed the sorting out of strategic and advantageous products, concentrated resources on popular commodities to improve inventory turnover, and cleaned up some inventories with slow turnover, resulting in an increase in the amount of inventory impairment provisions.
LianLian International: As of the end of January, the total transaction volume of OTA users served increased by more than 53% month-on-month
LianLian International revealed that as of the end of January, the total transaction value of the ** travel provider (OTA platform) users it serves increased by more than 53% month-on-month. Specifically, from the perspective of payment currency, euro and Hong Kong dollar payments increased by more than % month-on-month respectively; Across Southeast Asia, there was a significant increase in payment volumes, with a 64% QoQ increase in THD and an 88% QoQ increase in MYR.
Lianlian Digital's IPO in Hong Kong has completed the filing and intends to issue no more than 20.6 billion overseas listed ordinary shares.
A few days ago, the International Cooperation Department of the China Securities Regulatory Commission issued a notice on the filing of Lianlian Digital Technology Co., Ltd. (hereinafter referred to as "Lianlian Digital") overseas issuance and listing, and Lianlian Digital intends to issue no more than 20.6 billion overseas listed ordinary shares and listed on the Hong Kong Stock Exchange. It is reported that Lianlian Digital is one of the first digital technology companies in China to provide comprehensive payment solutions on a global scale, mainly providing digital payment services (including collection, payment, acquiring, exchange, virtual bank cards and aggregate payments, etc.) and value-added services (digital marketing, operation support, drainage services, accounts and e-wallets, software development services, etc.) to empower global ** activities and improve the efficiency of capital and information flow.
Dian Xiaobi acquired the compliance declaration platform "Cross Information Communication".
The secretary of the cross-border e-commerce service store recently announced the acquisition of a majority stake in Shenzhen Cross Information and Communication Technology, a compliance reporting platform. Founded in 2017, the acquiree, Cross Information Communication, has long provided global VAT tax, product compliance, intellectual property rights, industrial and commercial registration and other services for cross-border sellers in Europe and the United States.
The store secretary ERP docking temu semi-managed support product listing.
The cross-border SaaS e-commerce service store secretary announced that in order to help sellers better explore the e-commerce market in the United States, the store secretary ERP has taken the lead in docking with Temu semi-hosting, supporting product listing, improving the efficiency of store operation and management, and helping Temu sellers achieve overseas business growth. Cross-border sellers can quickly collect products from 30+ platforms, and edit key information such as ** and inventory in batches. At the same time, it supports the synchronization of products on the temu platform, the product status management and information management functions of multiple stores, and can also quickly modify the inventory information of ** products.
Cross-border e-commerce industry financial service provider "Tongzhou Internet" received angel round financing.
The parent company of Maibao Cloud Digital (Shenzhen)**, Shenzhen Tongzhou Internet Technology***, has recently received investment from Futian Capital and Qifu Capital. This investment will further help Maibao Cloud Digital upgrade the cross-border e-commerce industry and finance integration platform and build a cross-border e-commerce digital and intelligent ecosystem.
Dutch e-commerce bol. 2023com GMV grew 49% to 5.8 billion euros.
Dutch ** platform bolcom's parent company has released its 2023 financial results. Due to strong sales from third-party sellers, bolCOM grew both revenue and GMV. 2023 bolcom's sales increased by 73% to almost 3 billion euros. Its GMV was equally impressive, reaching 5.8 billion euros, an increase of 4.5 percent compared to the previous year9%。
African e-commerce jumia's revenue in 2023 is 1$8.6 billion.
Jumia, an African e-commerce company, recently announced its financial results for the fourth quarter and full year ended December 31, 2023. According to the data, in the fourth quarter of 2023, Jumia's revenue was $59 million, a year-on-year decrease of 2% and an increase of 28% at constant exchange rates; The GMV is 2US$3.3 billion, down 8% year-on-year.
Wayfair's 2023 revenue is $12 billion, with a total of 22.4 million active customers.
Wayfair announced financial results for the fourth quarter and full year ended December 31, 2023. For the full year 2023, Wayfair's total net income was $12 billion, a decrease of 2$1.5 billion, down 1.5 billion year-on-year8%。Among them, the net income of the U.S. market was 10.5 billion US dollars, an increase of 18 million US dollars, a year-on-year increase of 02%；International market net income was $1.5 billion, down 2US$3.3 billion, down 133%。
Spanish e-commerce Mira**ia launches a mega-level spring promotion.
The Mir**ia Mega Spring Sale is about to begin. The registration deadline for this event is 23:59:59 (Spanish time) on February 23, 2024, and the event will be held on March 7, 2024 and March 12, 2024 (Spanish time); The categories involved in the event include daily necessities, consumer electronics, fashion apparel, and fast-moving consumer goods.
Polish e-commerce Saleor closed an $8 million seed round of financing.
Polish e-commerce Saleor raised $8 million (€7.4 million) in a seed funding round in which European e-commerce giant Zalando was one of the investors, and the injection will be used to drive further growth for Saleor. Currently, the company has held a seed round extension.
Domestic information
During the Spring Festival, China's cross-border e-commerce entry and exit reached 32.7 billion yuan.
During the Spring Festival this year (February 10-February 17), China's cross-border e-commerce in and out reached 32.7 billion yuan, an increase of 508%。In terms of exports, well-known cross-border e-commerce companies have launched the "Spring Festival does not close" activity, Temu provides sellers participating in the activity with traffic support on the platform and inventory priority privileges after the year, and TikTok Shop has also launched a Spring Festival incentive policy for merchants to help the Spring Festival operation.
In 2023, Henan Bonded Logistics Park will achieve cross-border e-commerce entry and exit with a minimum amount of 193400 million yuan.
2023 is the 10th anniversary of the Belt and Road Initiative, and Henan Bonded Logistics Park will give full play to the advantages of the platform to help enterprises expand overseas markets and realize the easy entry and exit of cross-border e-commerce 193400 million yuan, and the import and export volume reached 60.21 million orders.
Shenzhen: Deepen the construction of a comprehensive pilot zone for cross-border e-commerce, and vigorously develop the "cross-border e-commerce + industrial belt" model.
According to the Shenzhen Municipal Bureau of Commerce, the "Shenzhen Municipal Measures to Promote the Stable Scale, Stable Share and Steady Growth of Foreign Trade" was recently issued. Among them, it is clear that the healthy and sustainable development of cross-border e-commerce will be promoted. Deepen the construction of cross-border e-commerce comprehensive pilot zones, vigorously develop the "cross-border e-commerce + industrial belt" model, and support industrial enterprises with obvious brand effect and high degree of product standardization to carry out cross-border e-commerce export business through "third-party platforms + independent stations".
The import and export goods of the first BRICS cross-border e-commerce air transport line in China exceeded 170,000 tons.
According to Xiamen Customs, since the opening of the first BRICS cross-border e-commerce air transport line "Xiamen, China - Sao Paulo, Brazil", a total of 234 round-trip flights have been taken, and the import and export goods have exceeded 170,000 tons. Its first-class cross-border e-commerce packages are 16.78 million, mainly including clothing, bags, and electronic products; Imports mainly include aquatic products, fruits and other fresh products, with a total of 6,375 tons.
International information
In 2023, Russia** sales will be nearly 64 trillion rubles.
The Russian Association of Internet Companies published some data on online sales in the country last year. In 2023, Russia** sales are close to 64 trillion rubles, a significant increase of 28% compared to 2022. Of these, 969% of ** sales come from within Russia, the remaining 31% is from cross-border e-commerce.