Google starts independent SaaS, Anker invests in drone company
1. AjMall, a cross-border e-commerce platform in the Middle East, was shut down
A few days ago, AjMall, a cross-border e-commerce platform in the Middle East, said in an email to sellers that AjMall was closed on the same day due to platform business adjustments.
It is understood that AjMall is affiliated to Beijing Chuang Ceng Chuang Information Technology Co., Ltd., which was officially launched on August 20, 2018. It is a mobile e-commerce platform for overseas emerging markets. Initially, AjMall was positioned as a fast fashion apparel platform, and then developed into multiple categories, providing products including fashion products, home furnishing, electronic accessories, etc. In July 2020, AjMall also launched the independent App AjBaby, which officially entered the vertical e-commerce field of mother and baby in the Middle East, providing customers with products in categories such as mother and baby clothing, shoes and boots, children’s toys, accessories and so on.
2. Google launches one-stop e-commerce SaaS platform Qaya to attack Shopify?
A few days ago, Google announced the launch of a one-stop e-commerce SaaS platform similar to Shopify in the United States called Qaya, which aims to create online stores for creators to sell their products and services. It is reported that users can link their social media accounts to a Qaya page where they can upload products or host products and services on other websites. Qaya provides URLs with built-in payment functions, where consumers can complete payments directly.
3. Lazada Double 12 Promotion Report: The overall sales of the platform on the first day reached 9 times the average daily sales
According to Lazada’s official data, in the last 12.12 promotion, the consumption of Lazada consumers on the platform in the first two hours reached 22 times that of normal days, and the overall sales on the first day of 12.12 reached 9 times the average daily sales. The single-day sales of the merchants reached 10 times the average daily sales. Specifically, on the first day of 12.12, the sales of Lazada’s women’s clothing and shoes category reached 170% of the first day of the 9.9 promotion; Thailand and the Philippines sites saw significant growth in autumn and winter clothing, and the sales on the first day of 12.12 exceeded 300% on the first day of the 9.9 promotion; the Philippines , Thailand site girls’ clothing sales exceeded 200% on the first day of the 9.9 promotion.
4. Shopee Double 12 Promotion Report: New cross-border sellers’ orders in the first two hours are three times that of the whole day on weekdays
According to official data from Shopee, on the day of the Double 12 promotion this year, the number of visits to the Shopee platform increased to 6 times that of normal days. In the Philippines and Singapore markets, the number of orders paid by ShopeePay was as high as 11 times that of normal days. Fashion accessories, home life, 3C electronics and beauty care are the most popular cross-border product categories. In addition, during the promotion period, the views of Shopee Live in five major markets including Malaysia, Vietnam, and the Philippines all successfully exceeded 100 million. In the Vietnamese market, Shopee Prizes has 1.2 billion game participations. According to statistics, the order volume of new cross-border sellers participating in the 12.12 promotion for the first time has tripled in the first two hours of the weekday.
5. Jumia’s Black Friday sales reached $150 million, an increase of 30% year-on-year
According to the official report of Jumia, an African cross-border e-commerce platform, during this year’s Black Friday, the value of goods sold on the platform increased by 30% to $150 million; the number of Jumia merchants also increased by 11% to 46,000; Orders rose 39% to 4.3 million. Separately, Jumia Logistics handled 5.3 million packages during Black Friday, more than double the monthly average for the first 10 months of 2021.
6. JD.com launched a one-stop product selection platform “JD Sourcing” for shopify sellers
JD.com has launched a “one-stop shopping platform” for Shopify sellers – JD Sourcing. The official introduction shows that JD Sourcing is using JD.com’s supply chain and logistics capabilities to build dropshipping (dropshipping) 2.0 to provide reliable services to Shopify merchants around the world. Sellers can purchase products directly through the JD Sourcing app on Shopify and list them on their own independent sites.
1. The big cross-border seller Aoni Electronics listed ODM customization as the main and own brand operation supplemented by
Aoni Electronics (Shenzhen Aoni Electronics Co., Ltd.), a big cross-border e-commerce seller, is finally going public. At present, the status of its IPO application has been shown as “registered in effect”.
It is reported that Aoni Electronics started with cameras, and then expanded to Bluetooth headsets, speakers, driving cameras and other products. Aoni Electronics is not a pure “electronic brand”, it has two major businesses of “OEM” and “own brand”. According to the financial report, in the first half of this year, the ODM custom business contributed 410 million yuan and its own brand contributed more than 70 million yuan of the 480 million yuan revenue of Aoni Electronics.
In terms of foundry business, Aoni Electronics also supplies some large cross-border sellers. For example, in 2020, Aoni Electronics will supply 100 million yuan to Neiyoutong, a subsidiary of Zebao. In terms of self-owned brand business, online and offline, domestic and overseas omni-channel development, from the point of view of online business, Aoni Electronics’ revenue is mainly overseas, and mainly comes from the Amazon platform (in 2020, Aoni Electronics’ own brand line The total sales on the platform is nearly 170 million yuan, of which overseas e-commerce sales exceed 120 million yuan, and the Amazon platform alone stands for 117 million yuan in revenue).
2. Anker Innovation expands its business layout: invests in drone company Zero Zero Technology
Anker Innovations Announcement shows that wholly-owned subsidiaries Charging Leading Limited and Anker Innovations Limited intend to invest in Beijing Zero Zero Technology Co., Ltd. with their own funds totaling no more than US$5 million. After the completion of this investment, Anker Innovation will hold a total of 5.0635% equity of Zero Zero Technology through its wholly-owned subsidiaries.
It is reported that Zero Zero Technology was founded in 2014. It uses embedded artificial intelligence technology to create artificial intelligence equipment, and provides machine vision and computer high-precision control solutions. At present, Zero Zero Technology’s products are mainly drones. In September 2021, the 50-minute battery life dual-rotor Falcon Falcon drone was just released. The company has established companies or branches in Beijing, Shenzhen, Hangzhou, Taiwan, and San Francisco in the United States, and currently employs about 150 people, of which more than 70% are R&D personnel.
3. Shenzhen Bureau of Commerce supports cross-border e-commerce enterprises: Anke Innovation, Youkeshu, Tongtuo, Zebao, Saiwei, etc. received millions of funding
A few days ago, the official website of the Shenzhen Municipal Bureau of Commerce announced the 2021 Central Foreign Trade and Economic Development Special Fund (a cross-border e-commerce enterprise market development support item) to be funded (rewarded) projects. Among them, 26 cross-border e-commerce digital application projects have been funded, and 8 cross-border e-commerce public overseas warehouse reward/funding projects. Including Anker Innovation, Zhiyan Technology, Youkeshu, Tongtuo, Zebao, Saiwei, Yibai Network, Huanjin Technology, Leqi Network, Humboldt Intelligence and other big sellers are listed.
4. Benitago, an Amazon brand acquisition company, received $325 million in Series A financing
Benitago, an Amazon brand acquisition company, has recently received $325 million in Series A financing. This round of financing was led by asset management company CoVenture and followed by HSBC UK. Funds from this round of financing will be mainly used to further build its product development studio, expand the scale of Amazon’s brand acquisitions, and continue to expand its brand portfolio across multi-platform channels.
5. Youzan AllValue cooperates with CJdropshipping to provide “one-piece dropshipping” service for merchants
Youzan AllValue and CJdropshipping have reached a strategic cooperation to jointly provide Youzan AllValue’s merchants with one-stop service solutions from product selection and distribution to order fulfillment. It is understood that for individual entrepreneurs and small and medium-sized merchants without a supply chain, AllValue and CJ have completed the platform docking. Youzan AllValue merchants can directly find the CJ plug-in in the store background application, and associate (authorize) their own store with CJ, so as to realize one-click publication of product data, order data synchronization, automatic tracking number synchronization and other functions.
1. Twitter will automatically add subtitles to videos and support Chinese
Twitter announced that it will add automatic subtitles to video content on the platform, supporting Android, iOS and web use. Automatic subtitles will support more than 30 languages around the world, including Chinese, Hindi, and more. The subtitles only support the original language of the video, and the subtitle translation function is not currently supported. Also, the auto-caption feature is only available for newly uploaded videos, old videos will not automatically generate subtitles.
2. US social media company Reddit files for IPO
The US social media company Reddit announced on Wednesday local time that it has confidentially submitted a draft registration statement to the US Securities and Exchange Commission (SEC) in preparation for its listing. The company did not make the filing public, nor did it disclose the size or target range of the planned IPO. Its most recent round of financing was in August this year, with a financing scale of 700 million US dollars and a company valuation of more than 10 billion US dollars.
1. Amazon enters the Indonesian cloud market and will invest US$5 billion to establish cloud services in Indonesia
Amazon AWS will invest US$5 billion in Indonesia’s cloud business and name it Asia Pacific. This service will mainly serve enterprise users, and can store data and related information for enterprise users with lower latency.
2. Southeast Asian Internet giant Grab adds to its e-commerce business and acquires supermarket chain Jaya Grocer
Southeast Asian internet giant Grab has stepped up its e-commerce business with the acquisition of Jaya Grocer, a major Malaysian grocery chain. It is reported that Grab’s subsidiary will acquire all of Jaya Grocer’s common shares and 75% of preferred shares. Jaya Grocer is one of the leading brands in the high-end grocery market in Malaysia, with 40 chain stores in Malaysia, most of which are concentrated around Kuala Lumpur.
3. Southeast Asian e-commerce service company aCommerce files for IPO in Thailand
Thailand-based e-commerce service provider aCommerce has applied to sell up to 40 percent of its shares in a local initial public offering. If the listing is successful, aCommerce will be one of the first tech start-ups in the country to go public. It is reported that aCommerce was established in 2013 to provide customers with end-to-end e-commerce solutions, such as omni-channel retail, performance marketing, channel management, etc.
4. Brazilian e-commerce company Olist received $186 million in Series E financing
Olist, a Brazilian e-commerce platform, completed a $186 million Series E round of financing, led by Wellington Management Company, and co-invested by SoftBank, Goldman Sachs, and Corton Capital. The new funding round has propelled Olist into the ranks of unicorns, with the company currently valued at $1.5 billion. This round of financing will be used to build a distribution network as well as financial services and support its operations in Mexico. Olist hopes to expand its reach across Latin America next year. It is reported that in 2021, Olist’s business has tripled in size and now has more than 45,000 stores on its platform.
1. Online sales in the U.S. holiday season in 2021 are expected to increase by 10% year-on-year to $200 billion
According to analysis by market research firm Forrester, online sales in the 2021 U.S. holiday season will increase by 10% year-on-year to nearly $200 billion. Supply chain issues, a resurgence in offline shopping, and spending on restaurants and travel are expected to shift some consumer spending away from online shopping, but online shopping habits formed during the pandemic will generate more online sales for this holiday season. Forrester expects supply chain issues to persist in 2022, with increased shipping costs and investments that will force sellers to raise product prices or hurt profits.