Shopify launches online wholesale business
1. Shopify’s online wholesale business is here, saying that it does not charge commissions to suppliers
A few days ago, Shopify, an independent SaaS service provider, announced on its Chinese official website that it has launched a new online wholesale platform, Handshake, which is open to both downstream retailers and upstream suppliers. According to the official introduction, Handshake is a “bridge connecting retailers and suppliers”, which can provide tens of thousands of products for downstream retailers, and all work is done in the Shopify ecosystem, that is, if retailers who are using Shopify pass Handshake Purchase the product, and the inventory, bills, and orders remain the same.
2. African e-commerce Jumia’s revenue closed up 24.99%, and its intraday share price hit a record high
Jumia Technologie, an African e-commerce company listed in the United States, hit an intraday high of $57.43, setting a new listing high, 26.7 times higher than the low of $2.15 on March 18, 2020. As of the close, Jumia rose 24.99% to $56.96, with the latest market value of $4.618 billion. Citron Research founder Andrew Left is bullish on Jumia to $100.
3. It is reported that cross-border e-commerce company SHEIN bids high price for British fashion retail giant Arcadia Group
According to people familiar with the matter, in the bidding process of the British fashion retail giant Arcadia Group, cross-border fast fashion e-commerce SHEIN made the highest bid. According to reports, Arcadia has received 7 offers so far, involving the acquisition of Arcadia brands such as Topman, Topshop, Miss Selfridge, Dorothy Perkins and Burton.
4. Polish e-commerce company Allegro will launch its B2B website Allegro Biznes
A few days ago, the Polish e-commerce company Allegro announced that it will launch the B2B website Allegro Biznes, aiming to provide enterprises with a wider range of products and reduce the cost of business purchases. According to reports, Allegro Biznes will focus on enterprise sellers, suitable for auto repair shops, construction companies, beauty salons and other industries. They can mainly buy some cleaning products, IT equipment or more professional tools on the website.
5. Foreign media: AliExpress plans to test automatic express cabinets in Poland
According to Bloomberg News, Gary Topp, head of the Central and Eastern Europe market for AliExpress, a cross-border e-commerce platform owned by Alibaba, said that AliExpress plans to test automatic express cabinets in the Polish market.
6. eBay conducts a strategic review of its Korean business or sells it for $5 billion
U.S. e-commerce platform eBay said on Tuesday it has initiated a process to explore, review and evaluate a range of strategic options for its South Korean business, which includes Gmarket, one of the country’s largest e-commerce platforms. The Korea Economic Daily reported that eBay hired Goldman Sachs and Morgan Stanley as advisers to seek to sell its South Korean business for at least 5 trillion won ($4.6 billion).
7. Russian e-commerce company Wildberries enters German online retail market
Russian e-commerce giant Wildberries said in a company statement that it has officially entered the German online retail market. At present, the German site is open to everyone, and German consumers can shop through WB’s mobile application or the German site.
8. 75% of new sellers in Amazon’s four core markets are from China
According to the latest data from Marketplace Pulse, in January 2021, 75% of new sellers in Amazon’s four core markets (US, UK, Germany and Japan) were from China, compared to 47% in 2020 and 41% in 2019. than a significant increase. That percentage is an average of the four marketplaces, according to Marketplace Pulse’s analysis of more than 40,000 sellers who have joined Amazon’s marketplace so far in 2021. These four markets and the other three European markets (France, Italy, Spain), as well as Amazon’s other international markets, show the same pattern.
9. XShoppy Announcement: 1555 illegal shops were frozen and closed last month
The independent website building platform XShoppy issued an announcement on the closure of illegal stores. The announcement shows that from December 1st to December 31st, 2020, the XShoppy platform froze and shut down 1,555 illegal stores and 100 enterprise centers that violated the regulations more than once.
XShoppy said that the platform has adopted a series of risk control methods including multi-information cross-authentication, payment account dynamic detection, intelligent domain name analysis, commodity cost price analysis, etc., to monitor sellers’ violations. Once a violation shop is found, it will immediately require a time limit for rectification. For stores that have not been rectified in time or have repeatedly violated regulations, XShoppy will directly forcibly remove the store or even close the store.
10. Amazon’s overseas website is included in the annual list of “notorious markets” in the United States
According to CNBC, Amazon.com Inc.’s overseas website has been included in the US government’s annual “notorious market” list because the company’s overseas website is believed to sell fake goods. It is reported that the Office of the U.S. Trade Representative (USTR) released its 2020 “Notorious Market” review report last Thursday (January 14). The list identifies e-commerce sites and companies that are believed to facilitate the sale of counterfeit goods, engage in intellectual property infringement or piracy.
Policies and regulations
1. The Indian government has issued a new policy to restrict foreign e-commerce
Reuters reports that the Indian government is considering revising foreign investment rules for e-commerce. Under existing regulations, sellers are free to buy up to 25% of their inventory from wholesalers or other departments of e-commerce companies, and then trade them on e-commerce sites. This time, the Indian government seems to be ready to strike again, further restricting the wholesale relationship between e-commerce platforms and relevant stakeholders. The Indian government is considering some changes to existing rules, including effectively prohibiting sellers buying goods from e-commerce platforms or their group companies to conduct online transactions on e-commerce sites.
Cross-border logistics
1. AliExpress: Announcement on the punishment of cheating merchants who cannot reach low-priced SKUs in overseas warehouses
AliExpress issued an announcement saying that recently, a large number of cross-border sellers have set the logistics routes of overseas warehouse SKUs as unreachable, affecting the user experience and violating the platform’s “Search Cheating Case Analysis and Punishment Rules” for overseas warehouse SKUs cheating. rule. The announcement also pointed out that in order to standardize the logistics route configuration of SKU products in overseas warehouses and strengthen the governance of fraudulent products that cannot reach low-priced SKUs in overseas warehouses, AliExpress will punish cheating merchants from January 20, 2021, including but not limited to. Limited to search traffic restrictions, product removals and other penalties.
2. The first bonded logistics park in the country was transformed into a comprehensive bonded zone
A few days ago, the first bonded logistics park in the country, Waigaoqiao Bonded Logistics Park, was officially transformed into the Waigaoqiao Port Comprehensive Bonded Zone, becoming the ninth comprehensive bonded zone in Shanghai. According to the plan, the Waigaoqiao Port Comprehensive Bonded Zone will rely on the foundation of the warehousing and logistics industry, introduce high-level projects, form new growth points and growth poles, deeply integrate into the global industrial chain, value chain and innovation chain, and provide the follow-up transformation and upgrading of other surrounding bonded zones. Accumulate experience and provide samples.
3. Amazon will open two new logistics centers in Italy with an investment of over 230 million euros
Amazon said it will open two new fulfillment centers in Italy this year, investing more than 230 million euros ($278 million), Reuters reported. With the two new centers, Amazon will create 1,100 new jobs over the next three years.
4. eBay: Orange Link Speed Freight adds new services to Germany and the United States
The eBay platform released the announcement of Orange Speed Freight’s new service products for Germany and the United States (hereinafter referred to as the announcement). The announcement shows that Speed Freight’s overseas warehouses will add new service products to Germany and the United States: opening customs clearance services from Germany to Belgian bonded warehouses; the service time limit is 44-47 natural days to complete the delivery of goods from the departure port to Germany’s eBay Fulfillment overseas warehouse; open Shanghai, Shenzhen to the West American Express Service; the service time is 20-25 natural days to complete the delivery from the departure of the goods to the overseas warehouse.
5. Shopee Yiwu Operation Center suspends operations
Shopee recently announced that due to the latest epidemic situation, in order to protect everyone’s safety, from now on (January 21), the Shopee Yiwu Operation Center located in Yiwu Lugang Town will suspend operations (settlement consultation and training activities, etc.). Recovery time will be notified later. At the same time, the Shopee Yiwu warehouse is operating normally.
Financing acquisition
1. Guangyun Technology takes a 20% stake in Mabang ERP, a cross-border e-commerce service company
Cross-border e-commerce ERP software Mabang ERP affiliate Shanghai Yinyuan E-Commerce Co., Ltd. has undergone industrial and commercial changes, and has added a new shareholder, Hangzhou Guangyun Technology Co., Ltd. (Guangyun Technology), holding 20% of the shares. At the same time, the company’s registered capital increased from 2000 RMB 10,000 increased to RMB 25 million, an increase of 25%.
2. “Dian Xiao Mi”, a one-stop service platform for cross-border e-commerce, completed 150 million yuan in Series B financing
Dian Xiaomi, a one-stop service platform for global cross-border e-commerce, announced the completion of 150 million yuan in Series B financing. This round of financing was jointly led by CDH Investment and GGV Jiyuan Capital. Market expansion and talent recruitment. Dian Xiaomi has completed three rounds of financing. The first two rounds are the multi-million RMB angel round of financing from Zhichu Capital and the A round of financing from Dahe Ventures.
overseas payment
1. Walmart will open Western Union remittance service in over 4,700 stores in the United States
Walmart and Western Union Bank recently announced a new cooperation agreement, which enables Walmart to achieve new breakthroughs in the field of cross-border payment finance. Under the agreement, Walmart will offer the Western Union service in more than 4,700 U.S. stores, and plans to roll it out this spring. This is the first time Walmart has offered Western Union money transfers at various locations in its U.S. stores.
2. CLRP: More than half of Amazon Prime members are annual members
More than half (52%) of Amazon Prime members were annual members as of December 31, 2020, up from 49% three months earlier, according to Consumer Intelligence Research Partners Ltd (CLRP). Amazon’s monthly Prime memberships surge, typically around the holidays, as shoppers look to take advantage of the program’s free shipping and other perks.
3. It is estimated that by 2023, the scale of e-commerce in Bangladesh will reach 3 billion
A few days ago, according to data from the Bangladesh Telecommunications Regulatory Commission (BTRC), due to the impact of the epidemic, Bangladesh’s e-commerce business grew by 166% in 2020, and its e-commerce market is expected to reach $3 billion by 2023. According to data from the Bangladesh Telecommunications Regulatory Commission (BTRC), from 2016 to 2018, the Internet penetration rates in Bangladesh were 13.2%, 48.4%, and 52.77%, respectively, and the number of Internet users was 66.6 million, 80.6 million, and 91.3 million, respectively.
4. In 2030, the scale of the B2B e-commerce market in the Middle East may increase by 234.78%
According to the Middle East cross-border e-commerce exchange news, after experiencing a 4.7% economic contraction last year, the Middle East will experience a large-scale economic revival in the second quarter of 2021, and it is expected to rebound from 2022 to 2030. The business (B2B) e-commerce segment is expected to grow by 234.78% by 2030. According to Forbes, B2B e-commerce will grow to $6.7 trillion by 2020.
sea flow
1. Indian e-commerce JioMart will be integrated into WhatsApp
Reliance Retail Ltd plans to integrate its e-commerce app Jiomart into WhatsApp within six months. Up to now, WhatsApp is the most popular instant messaging software in India, with 400 million users. After the completion of this integration, JioMart’s business will cover all parts of India, and it will be a great opportunity for Flipkart and Amazon (Amazon) in the Indian online retail market. Dominance would pose an immediate threat.
2. TikTok’s new “Q&A” function may become an important tool for e-commerce live broadcasts?
A few days ago, it was reported that TikTok will launch a new feature, “Q and A”, to promote more interaction between content creators and fans. It is understood that content creators can enable the “Q&A” button in their profiles, and users can ask questions to the creators on the creator’s personal homepage or in the video comment area, and the creators will reply via video or answer the questions in the live broadcast. This feature is still in beta and only visible to some users.
Industry data
1. The first breakthrough of 800 billion in 2020, Sichuan’s foreign trade growth rate will be the second in the country
Chengdu Customs released the data of Sichuan’s foreign trade import and export in 2020. Last year, the scale of Sichuan’s import and export exceeded the 800 billion yuan mark for the first time, setting a historical record of 808.19 billion yuan, and the growth rate ranked second in the country. According to customs statistics, in 2020, the total import and export value of Sichuan’s trade in goods is 808.19 billion yuan, ranking the 8th in the country, an increase of 19% compared with 2019 (the same below), and the growth rate ranks second in the country, of which exports are 465.43 billion yuan. , an increase of 19.2%; imports were 342.76 billion yuan, an increase of 18.8%. In the same period, the national import and export increased by 1.9%, of which exports increased by 4% and imports decreased by 0.7%.
2. In 2020, the total business volume of Chengdu postal industry will exceed 30 billion yuan
Recently, the Chengdu Post Administration announced that the total business volume of Chengdu’s postal industry in 2020 will exceed 30 billion yuan, of which the total express delivery business will exceed 3 billion pieces, both hitting record highs. It is worth mentioning that in 2020, the international (regional) express business volume in Chengdu exceeded 10 million pieces for the first time, a year-on-year increase of more than 60%.
3. The number of cross-border e-commerce export parcels at Alashankou Port exceeded 40 million a year
A few days ago, the cross-border e-commerce business at Alashankou Port was officially opened for one year, and the number of export cross-border e-commerce packages exceeded 40 million, with a total of 40.7518 million. It is reported that since the first cross-border e-commerce business was launched at Alashankou Port on January 21, 2020, the average daily number of cross-border e-commerce parcels at Alashankou Port has exceeded 110,000. The parcels mainly come from Zhejiang, Jiangsu, Guangdong and other places. Transported to Alashankou, then exported to Belgium, Germany and other European countries.
4. In 2020, Xuchang’s cross-border e-commerce transaction volume was US$2.46 billion, a year-on-year increase of 14%
In 2020, the cross-border e-commerce transaction volume in Xuchang City was 2.46 billion US dollars, a year-on-year increase of 14%, and the total import and export volume of cross-border e-commerce ranked second in Henan Province. At present, Xuchang has more than 1,000 cross-border e-commerce companies.
Through Alibaba International Station, AliExpress, Amazon and other platforms, it sells hair products, bee products, construction machinery, ceramic products, etc. to more than 120 countries and regions such as Europe, America, and Africa.
5. In 2020, Hubei’s cross-border e-commerce import and export volume was 2.45 billion yuan, a year-on-year increase of 92.4%
In 2020, Hubei’s foreign trade will grow against the trend, of which the import and export volume of cross-border e-commerce will reach 2.45 billion yuan, a year-on-year increase of 92.4%. Data show that from January to November 2020, Hubei’s total import and export volume was 391.6 billion yuan, a year-on-year increase of 10.1%, 8.3 percentage points higher than the national total. It is expected to reach 430 billion yuan for the whole year, setting a record.
6. In 2020, the value of cross-border e-commerce import and export of Ningbo Airport is 447 million yuan
According to Ningbo Customs statistics, in 2020, the cross-border e-commerce business volume and import and export value of Ningbo Airport will both break through the “4” mark. A total of 4.1287 million tickets have been inspected and released, with a value of 447 million yuan, an increase of 119.48% and 75.98% year-on-year respectively. Export inspection and release of 3.5846 million tickets, an increase of 144.45%.
7. In 2020, Hunan’s cross-border e-commerce exports reached 13.69 billion yuan, an increase of 134.4%
In 2020, Hunan’s general trade import and export volume reached 358.99 billion yuan, an increase of 12.8%, accounting for more than 70% of the total import and export volume during the same period. In terms of new forms of foreign trade, Hunan Province exported 13.69 billion yuan through cross-border e-commerce, an increase of 134.4%, and 6.94 billion yuan through market procurement, an increase of 54.5%.
8. Development and Reform Commission: China-Europe trains will run 12,406 trains in 2020, a year-on-year increase of 50%
The National Development and Reform Commission held a press conference in January. Zhao Chenxin, secretary-general of the National Development and Reform Commission, said that in 2020, the China-Europe trains will operate 12,406 trains throughout the year, a year-on-year increase of 50%. times. In particular, in the second half of the year, the number of monthly trips remained at around 1,200, and it has achieved double-digit growth year-on-year for 10 consecutive months and more than 1,000 trips per month in 8 months.
9. In 2020, the import and export of cross-border e-commerce in Yantai reached 1.84 billion yuan, an increase of 1887.2 times
In 2020, Yantai achieved cross-border e-commerce import and export of 1.84 billion yuan, an increase of 1887.2 times compared with 2019, ranking first in Shandong Province. It is reported that in 2020, the proportion of Yantai general trade enterprises to carry out online marketing will reach 53%, and 519 enterprises will use Ali International Station to grab orders of 2 billion yuan.
10. In 2020, Zhengzhou Customs inspected and released 243 million cross-border e-commerce import and export lists
In 2020, Zhengzhou Customs inspected and released a total of 243 million cross-border e-commerce import and export lists, with a value of 30.6 billion yuan, an increase of 91.5% and 89.4% over the previous year, of which 75.824 million were imported and 167 million were exported, achieving leapfrog growth. .