Industry News
2022 Q1 Shopify total revenue of $ 1.204 billion, an increase of 22% year-on-year; GMV amounted to $ 43.2 billion
It is reported that in the first quarter of Shopify's total revenue of $ 1.204 billion. less than the market's generally expected $1.24 billion, compared with $989 million last year, an increase of 22%; GMV reached $43.2 billion, less than the $46.5 billion generally expected by analysts, the two-year compound growth rate of 57%, compared with last year's growth of 16%; net loss of $ 1.474 billion, compared with the same period last year's net income of $ 1.26 billion; loss per diluted share of $ 11.70 , diluted earnings per share of $9.94 in the same period last year; operating loss of $97.98 million, compared to operating profit of $1.189 billion in the same period last year.
Average daily container throughput at Shanghai port fell 25% in April, with freight and storage rates climbing higher
Hit by the epidemic, average daily container throughput at Shanghai port fell by about 25% in April, to 100,000 TEUs. Cargo volumes at the Shanghai port also fell significantly in April due to factory closures, warehouse closures and limited options for logistics providers.
There is a significant shortage of trucking capacity on the landside during port operations. To alleviate the pressure on inland container transportation, Shanghai has been promoting water-to-water, nearby port barging, land-sea intermodal transport, and sea-rail intermodal transport in an effort to stabilize the supply chain. in April, Shanghai's seawater-to-water transshipment volume was approximately 1.99 million TEUs, which accounted for 65% of the total number of containers transshipped by the Port of Shanghai in April.
TikTok UK users to grow by 12.6%
TikTok users in the UK will grow by 12.6% to 17.5 million in 2022, according to the latest eMarketer forecast. The study shows that TikTok's user growth is phenomenal, both in the U.K. and globally, with double-digit growth in 2022 for TikTok's under-18 and over-35 users.
Amazon Sports and Outdoor Marketplace Revenue to Reach $74.96 Billion in 2022
According to agency analysis, Amazon Sports and Outdoor Marketplace revenue will reach $74.96 billion in 2022. Specifically, the sports and outdoor niche on Amazon is on the rise and shows a CAGR of 10.03% and the market is expected to reach a market capitalization of $99.86 billion by 2025.
The category generated revenues of $4.8 billion in 2021, with about 50 top brands capturing 35% of the market share and the rest (about 2,000 brands) dividing the remaining 65%. In addition, the market is being driven by the home fitness boom, which peaked in June 2020 when sales of basketball accessories on Amazon topped $50,000; sales of fitness equipment in general have risen 170% since the outbreak to date.
The United States started the review process of tariff increases on China
The Office of the U.S. Trade Representative announced on May 3, local time, four years ago on the basis of the so-called "301 investigation" results of tariffs on Chinese exports to the U.S. goods of the two actions will be July 6 and August 23 of this year, respectively. July 6 and August 23 this year, respectively. From now on, the Office will start the statutory review process of the relevant actions.
USPS Launches Connect eCommerce Service
The U.S. Postal Service (USPS) announced the launch of USPS Connect eCommerce e-commerce service for online sellers. This new service offers an accelerated agreement process, integrated Postal Service or PC Postage software, and is designed to help sellers streamline the pricing and shipping process, as well as offer discounts to customers.
A USPS spokesperson said, "USPS Connect e-commerce service makes it easier for online marketplaces and shipping platforms to work directly with the Postal Service and offer discounted rates to their customers. This is especially true for small businesses that are saddled with high shipping rates from FedEx, UPS and others."
Shenzhen cross-border e-commerce "intensification" of supervision and implementation of a year of e-commerce enterprises to reduce costs and increase efficiency obviously
According to the People's Republic of China **** and the State Customs Administration of the Guangdong Branch of the news, May 1 is the Shenzhen Customs cross-border e-commerce auditing single intensification of the reform is fully implemented. The reform will be scattered in the original four business sites of the cross-border e-commerce auditing business centralized to the Shenzhen Post Office Customs for the realization of the intensive use of regulatory resources. The model further smoothed the customs enterprises online and offline communication channels, improve the standardization of cross-border e-commerce management level, Shenzhen's cross-border e-commerce business volume continues to rank first in the country, the enterprise cost reduction and efficiency effect is remarkable.
Average daily traffic to Russian branded online stores increased by 55% in April
According to analytical research, average daily mobile traffic to Russian branded online stores increased by 55% in April compared to February. Against the backdrop of the departure of international retail chains in March 2022, the number of visitors to online stores of Russian brands increased by 23% compared to February, and by 17% in April compared to February.
Guangdong 8 cross-border e-commerce comprehensive test area implementation program
The official website of the Guangdong Provincial Government issued the "Guangdong Provincial People's Government on the issuance of China (Shaoguan) and other 8 cross-border e-commerce comprehensive test area implementation program notice". The notice pointed out that the construction of cross-border e-commerce integrated pilot area is of great significance to promote the high-quality development of trade in Guangdong. The Notice proposes that the people's governments of Shaoguan, Heyuan, Shanwei, Yangjiang, Qingyuan, Chaozhou, Jieyang, Yunfu City, should seize the opportunity to improve the working mechanism, carefully organize the implementation of the pilot work, and effectively prevent the risk of accelerating the construction of the comprehensive pilot area to promote the province's cross-border e-commerce high-quality development and explore the new experience, new practices.
Platform News
Etsy 2022 quarterly revenue reached 579 million U.S. dollars
A few days ago, the U.S. e-commerce platform Etsy announced the first quarter financial report. The data show that Etsy's first-quarter revenue of $579 million, an increase of 5.2% year-on-year; net income of $861 billion, down 40.1% year-on-year. In the first quarter, the total number of employees increased 71% year-over-year, and net income declined due to higher employee payroll costs. The company's CEO said it maintained strong earnings in the first quarter as it did in the same period last year, and will continue to focus on creating value for sellers in 2022 by attracting new buyers to the platform and increasing the frequency of buyers' purchases.
Changes coming to Amazon's buyer order cancellation notification process
Starting May 10, 2022, Amazon will streamline the process of managing buyer cancellation requests for sellers' self-delivered orders.
After the update, for each buyer-initiated cancellation, the cancellation request will appear in a banner on the Manage Orders page; notifications will no longer be delivered via buyer and seller messaging; and sellers can enable the Cancellation field for Buyer Requests to see the cancellation request in the order report if they are using the order report to process the order.
Shopee Authorized by Brazil's Central Bank to Become a Payment Institution
According to Brazilian official news, recently, SHPP Brasil, a subsidiary of the Southeast Asian e-commerce platform Shopee, has received approval from Brazil's central bank to operate as a payment institution and issue e-money. It is understood that Shopee Brazil now has nearly 2 million local sellers, covering small and medium-sized sellers and branded big sellers, such as Nivea, Reserva, Empório Nestlé, Faber-Castell and so on.
Amazon.co.uk will prohibit self-delivery sellers from stocking these knife products
Recently, Amazon.co.uk made an announcement that, according to the content of the UK's newly revised Offensive Weapons Act in 2019, starting May 19, 2022, self-delivery sellers will not be able to stock certain knives on Amazon.co.uk that have an age-restricted use of knives, including chef's knives and kitchen knives.
For a full list of age-restricted blade articles, sellers can visit Amazon.co.uk's release guide for blade products.
eBay Q1 2022 Revenue $2.5 Billion
On May 5, eBay released its Q1 fiscal year 2022 financial results. The report shows that eBay's first-quarter net revenue was $2.5 billion, down 6% year-over-year. eBay's first-quarter gross merchandise volume (GMV) was $19.4 billion, down 20% compared to the same period last year.