International outlook
TikTok Shop will add eight new sites this year
After landing in multiple markets, TikTok Shop will open new sites in Australia, France, Italy, Germany, Spain, Canada, Japan and South Korea in 2024 to further expand its e-commerce territory.
Cross-border e-commerce platform Wish will be acquired
Wish announced that the parent company, ContextLogic IncIt is planned to give the Wish platform ** to Qoo10. Wish said the deal is expected to close in the second quarter of this year, after which Wish will officially become part of the Qoo10 business family. Until then, the Wish brand and platform that Wish merchants are familiar with will operate as usual, and the merchant's terms of service and wish contact information will remain the same.
Amazon is facing a class action lawsuit in the United States
The lawsuit alleges that Amazon is believed to be pushing consumers to buy more expensive products. According to a lawsuit filed in federal court in Seattle, Amazon's algorithm that chooses what to display in its Buy Box widget often hides cheaper and faster delivery options when shoppers search for products.
SORA has pushed AI generation into a whole new era
OpenAI recently launched a model that can generate short ** in real time based on text instructions, named SORA. Some visual artists, designers, and filmmakers (as well as OpenAI employees) have already been granted access to SORA, and it is expected that it will be rolled out to all users as the technology matures further. Although OpenAI said that the current SORA still has weaknesses, such as it is difficult to accurately simulate physical phenomena in complex scenes, and it may not be able to understand specific cause and effect relationships, from the current demonstration effect, SORA is significantly ahead of other Wensheng models, promoting AI generation into a new era.
Ningbo Aviation Exchange: Some voyages were suspended after the holiday, and the freight index of the West South America route was **85%
From February 10 to February 16, the Ningbo Export Container Freight Index (NCFI) of the Maritime Silk Road Index closed at 15784 points, compared with last week**09%。16 of the 21 routes have a freight index**, and 5 routes have a freight index**. Among the major ports along the Maritime Silk Road, 13 port freight index**, 2 port freight index**, and 1 port freight index are basically flat. This week, the market for the West South American route was volatile. There are many voyages that are temporarily suspended after the holiday, which promotes the freight rate of the route slightly**. The freight index of the West South America route is 7551 point, compared with last week**85%。
Among the top sellers on Amazon's US station, nearly 50% of them are contracted by Chinese sellers
According to research by Marketplace Pulse, Chinese sellers account for nearly 50% of the total number of top sellers on Amazon's US site, and account for nearly half of Amazon's third-party GMV. While the share of Chinese sellers in the U.S. market hasn't grown significantly in the past few months, it has been growing steadily since 2016. It is worth noting that the share of Chinese sellers in the other 20 Amazon sites is much lower than that of US sites, and the market share is small.
Domestic dynamics
During the Spring Festival holiday, the national delivery of express parcels exceeded 64.1 billion pieces, an average daily increase of 821%
According to the monitoring data of the State Post Bureau, during the Spring Festival holiday this year (February 10 to 17), the overall operation of the national postal express industry was safe and stable, and the delivery channels were smooth and orderly. Pick-up express parcel 107.9 billion pieces, with an average daily pickup volume of 145 compared with the Spring Festival holiday in 20232%；Delivery Express Parcel 64.1 billion pieces, with an average daily delivery volume of 82% compared with the Spring Festival holiday in 20231%。