E-commerce News
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The Essential Guide to Cross-Border Ecommerce in 2024: How Transitioning Sellers Can Choose and Sell Profitable, Zero-Cost Virtual Products
In today's e-commerce environment, cross-border sellers face unprecedented challenges. Among them, the sale of physical products is a headache for many sellers due to multiple factors such as inventory, logistics and competition. Especially on a global scale, the uncertainty of logistics has become a major issue due to various emergencies, such as epidemics. Therefore, turning to virtual products with zero inventory and no logistics has become an attractive new avenue. Significant Advantages of Virtual Products Virtual products are distinguished from traditional tangible goods in that they are usually digital and can be services, information...
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Flipkart gets Rs 9.24 billion investment from Singaporean affiliate to strengthen market competitiveness against Amazon
Recent reports indicate that Flipkart Internet, which is an offshoot of Walmart's e-commerce platform Flipkart, has secured a huge investment of INR 9.24 billion, which is equivalent to about $111 million, from its Singapore-registered related company. This capital infusion was made on January 8 this year and, according to Apple's filings with the Registrar of Companies in India, it came after Singapore-affiliated entities decided on December 20 and December 22 last year to offer Flipkart...
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Shein plans to expand deeply into the Brazilian market by 2024, with a focus on Rio de Janeiro and other key states.
Shein plans to further expand its market share in Brazil by 2024, especially in key regions such as Rio de Janeiro, Minas Gerais, Paraná, Santa Catarina, and Rio Grande do Sul. This decision was based on an in-depth analysis of current market trends and potential growth opportunities. In just three months since last November, Shein has grown its merchant base in Brazil by 50% to 15,000. This significant growth reflects the platform's strong momentum in the region and the market's positive...
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Global DIY Crafts Market Status Analysis: Trends, Challenges and Opportunities
The global DIY (do-it-yourself) crafts market has experienced significant growth in recent years, and this growth has been driven by the growing interest in handmade products and personalized projects. This trend is driven by the demand for unique home décor, personalized gifts, and recognition of the healing effects associated with making crafts. This article provides an in-depth analysis of the current state of the global DIY crafts market and explores the key trends, challenges, and opportunities that are shaping this dynamic industry. Market Overview The global DIY crafts market encompasses a wide range of activities including knitting,...
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Consumer Reports exposes serious security flaws in smart doorbells sold on Amazon, Walmart and other platforms
In a recent study published by Consumer Reports, a disturbing fact was revealed: many of the doorbell cameras sold on well-known U.S. online retail platforms, such as Amazon, Walmart, Shein, Temu, and Sears, are exposed to serious security vulnerabilities. This discovery has sparked widespread concern and worry, as these security vulnerabilities could put countless consumers at risk of hacking and privacy violations. The Consumer Reports investigation specifically noted that the products with security issues were centered on Eken and Tu...
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Shopee Expands Brazilian Logistics Network: Opens 10th Distribution Center to Improve Service Efficiency
Shopee recently made significant progress in its Brazilian operations by opening the country's tenth distribution center, further enhancing its logistics capabilities in the Latin American country. Located in the city of Colombia, this newly constructed logistics node utilizes a state-of-the-art cross-transit system to improve distribution efficiency. This is the first time Shopee has established a distribution facility in central Brazil, marking a geographic expansion of its service network. This newest logistics center focuses on handling a range of high-demand products, including fishing equipment, ear protectors, drones, and wireless...
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Amazon Europe sellers face funds reservation warning: important reminder for tax compliance
Recently, there has been a bit of a flurry of activity amongst the seller community on Amazon Europe. Many Amazon merchants located in the UK, France, and elsewhere have received warning emails from the platform informing them that the funds in their account have been temporarily set aside as a reserve due to an association with another account that is under review. This news was certainly an unexpected and confusing notification for many merchants who claim to have only one account. Sudden Warning and Confusion for Merchants This email from Amazon states that the affected accounts have had their funds frozen because of the EU/...
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Amazon Agrees to Pay $1.9 Million in Compensation to Foreign Workers at Saudi Warehouse to Settle Labor Rights Violation Allegations
In a recent development, Amazon has agreed to provide approximately $1.9 million in compensation for more than 700 foreign workers in its Saudi Arabian warehouse. The compensation package is intended to address a series of human rights abuse allegations against the company, which centered on forcing employees to sign exploitative contracts. Last year, an independent third-party labor organization called Verite conducted a thorough investigation of two Amazon logistics centers in Saudi Arabia. That investigation uncovered a series of violations of the company's supply chain principles. These behaviors included providing inconsistent...
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Building a unique cross-border e-commerce brand: Viori's road to success
In today's highly competitive cross-border e-commerce market, many brands are struggling due to high customer acquisition costs and low customer unit prices. However, Viori, a brand inspired by traditional rice water, has managed to find its unique niche in this space and create impressive results. Here is a detailed analysis of how Viori has succeeded in the cross-border e-commerce space. The Creation and Mission of the Viori Brand Brand Origin: In 2019, the Viori brand was founded by Bryce Fisher and his wife. During a trip to China...
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Global Creative Fusion: The Rise of Branding Art and the New DIY Craft Market
Branding: A Fusion of Traditional Craftsmanship and Modern Expression Branding, a unique art form originating from traditional Chinese craftsmanship, has become a worldwide art trend. The technique creates patterns and scenes by using a soldering iron to burn on wood, demonstrating both the delicacy of the craft and the creativity of the artist. Branding Craze on Social Media In today's digital age, social media platforms such as TikTok have become popular places to showcase and share branding creations. Artists and DIY enthusiasts from all over the world on this...