Report states that TikTok will launch a self-operated fully managed model; eBay adjusts some UPS service rates

TikTok to launch self-operated model, eBay adjusts UPS rates

Hello to all cross-border people! Let’s take a look at the latest news from inside and outside the cross-border industry today.

Today’s headlines:

1. Amazon US launches a small business search filter;

2. Reports say TikTok will launch a “full-service” self-operated mode;

• Amazon launches new shipping time options for oversized packages; TikTok Shop postpones full release in the United States
• eBay refurbished product program recruits sellers; TikTok Shop increases commission rates for Indonesian site
• Morning Post on Going Abroad | Meta incorporates artificial intelligence to improve advertising business, and TikTok will launch a self-operated fully-managed model

3. JD.com’s Q1 revenue reached 243 billion yuan.

Platform News

Amazon

Amazon US launches small business search filter

Amazon US announced that, to support small businesses, it is currently testing a small business search filter to increase exposure of small business brands and artisanal products.

According to Amazon, the Small Business Search filter helps customers filter their searches to discover products from small business brands and artisans while shopping in the Amazon store.

When a customer’s search results include eligible products from small business brands, the new filter will appear under the “Business Type” category in their search filter options.

During the testing phase of this feature, any small business brand that meets the small business badge criteria and displays the badge on the product on the search or detail page is eligible to be included in the results of the small business search filter.

TikTok

Reports say TikTok Shop denies delaying full opening in the US

Recently, The Wall Street Journal reported that ByteDance has postponed its plan to open up to all sellers, originally scheduled for early spring, to at least June at the earliest.

At the same time, because sellers are concerned that the application may be banned and the lukewarm attitude of the US towards live-stream e-commerce, the actual release date may be further delayed.

However. According to a Reuters report on the 11th, a TikTok spokesperson denied the relevant reports in a statement, stating that the strategic plan for the US market has not been delayed. (Reuters)

Report: TikTok will launch a “fully managed” model similar to self-employment

According to multiple insiders, TikTok e-commerce has made adjustments to cross-border business. The project team with the code name “S” (short for Store) will launch a “fully managed” model similar to self-employment, where merchants are only responsible for supplying goods, and the platform solves the problem of flow and product operation.

At the same time, the TikTok Shop store function will be fully opened in the United States later this year. There is no clear timetable for the launch of sites in Brazil, Spain, Italy, Australia, New Zealand, France, the Middle East, and other places.

It is reported that TikTok e-commerce is in the stage of adjustment and research, and the final plan has not been 100% finalized. (Ebrun)

eBay

eBay adjusts part of its UPS service rates

eBay announced that the new UPS rates have taken effect, and reminded sellers to check in a timely manner to see if the rate changes will affect shipping.

For some packages that are lightweight and shipped over a short distance, the UPS rate on the eBay label will decrease by 18%. For heavier packages and longer distances, the UPS rate will increase by a maximum of 4%. The eBay shipping calculator has automatically updated the new rates.

JD.com

JD.com’s Q1 revenue was RMB 243 billion

JD.com recently released its financial report for the first quarter of 2023 ending on March 31. During the reporting period, JD.com’s revenue was RMB 243 billion, an increase of 1.4% from the first quarter of 2022. Service revenue was RMB 47.4 billion, an increase of 34.5% from the first quarter of 2022. JD.com’s retail operating profit margin, excluding undistributed projects, was 4.6%, compared to 3.6% in the first quarter of 2022.

WeChat

WeChat joins the “competition for goods”

WeChat has recently announced that public accounts can now support “video store” that can sell goods.

Specifically, as long as users bind a video account with the public account and the video account has opened the permission for a product showcase and completed product selection, product cards can be added to public account articles.

To achieve this function, users need to click on “Showcase Goods” on the top toolbar of the public account content editing page, and then select the product to be inserted. After inserting it into the article, click on the card and click the “Replace Product” button in the upper right corner, then select the new product and click “Replace”. (WeChat Pai)

Domestic News

Top 10 cities in China for attracting talent: Beijing ranks first, and eastern cities dominate

Zeppelin Macro and Zhaopin released data on May 10th, showing that the top 10 cities in China for attracting talent are Beijing, Shanghai, Shenzhen, Guangzhou, Hangzhou, Chengdu, Suzhou, Nanjing, Wuhan and Changsha. (China Economic Weekly)

Guangzhou Market Supervision Bureau responds to Sinba’s goods causing durian prices to rise: There is no evidence that he monopolizes the market

Recently, many netizens posted on social media complaining that Sinba’s goods caused the price of durians to rise, which caused heated discussions. In response, a staff member of the Guangzhou Market Supervision Bureau said that Sinba did not disrupt the market. His fast delivery of goods caused changes in supply and demand, but there is no evidence that he monopolizes the market. (China News Network)

Meng Yutong responds to leaving Gree

Meng Yutong, former secretary of Gree Group Chairman Dong Mingzhu, said she has resigned from Gree and her next task is to prepare to continue her studies and apply for graduate school. Meng Yutong said, “I don’t think it needs to be regarded as a negative thing, it’s just a choice in a certain stage of life.” As for the Weibo post “it’s better to rely on oneself than others” she published earlier, she said it was not a comment on the company at all. (Cover Magazine)

Global

China and Ecuador officially sign free trade agreement

On the 11th, China and Ecuador officially signed a free trade agreement, which is the first free trade agreement signed between Ecuador and an Asian country.

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