Temu's semi-hosted Japan site will officially launch on August 27. The sites for South Korea and Mexico will also be opened gradually by the end of the month.
SHEIN has plans to establish an intelligent warehousing logistics distribution park that will integrate various functions such as warehousing, stockpiling, picking, distribution, delivery, and settlement.
Around 200 small and medium-sized merchants recently staged a protest at the Guangzhou headquarters of Temu, expressing grievances over substantial penalties inflicted by the platform.
"Facing such a trend, we saw that our peers significantly increased their efforts in the first quarter, and Pinduoduo welcomes healthy competition," Chen Lei said.
In the previous financial quarter, Alibaba International reported a substantial 45% year-on-year revenue increase, largely driven by the expansion of its cross-border operations, notably through the AliExpress' Choice service.
Douyin e-commerce recently launched an app called "Douyin Shopping Mall". This is the first comprehensive independent e-commerce platform launched by Douyin e-commerce outside of the Douyin app.
Authoritative institution PYMNTS released the global shopping app rankings for February. Chinese cross-border e-commerce platform SHEIN has topped the list for the seventh consecutive month.
Sources close to Douyin e-commerce revealed that in the coming year, the platform's low-price strategy will extend to content scenes, with malls and short videos actively promoting affordable products.
The number of registered users of Temu in South Korea has increased from 520,000 in August last year to 5.7 million in January this year, nearly tenfold in six months.
Pinduoduo's cross-border e-commerce platform Temu has rapidly gained traction in the Japanese market since its launch in July 2023, boasting 15.5 million users by January 2024.
On Feburary 7, Alibaba released its financial results for the quarter concluding on December 31, 2023. Alibaba's International Digital Commerce Group (AIDC) largely surpassed expectations, delivering an impressive performance with a 44% year-on-year increase in revenue, and an overall orders growing by 24% year-on-year.
Indonesian tech giant GoTo announced today that TikTok has officially completed the transaction announced in December last year, spending $840 million to acquire 75.01% of the shares in GoTo's e-commerce subsidiary, Tokopedia.
Alibaba.com revealed the latest data since the launch of its first cross-border B2B semi-hosted platform. Many merchants signed up on-site to settle down during the investment promotion conferences.
Pinduoduo launches the "FuYao Plan" for live streaming, aiming to enhance live streaming operations and boost transaction volume during the Spring Festival.
Pinduoduo's cross-border e-commerce platform, Temu, is set to introduce a semi-hosted model, targeting sellers who possess overseas warehouses and local dispatch capabilities.
ByteDance's Vice President of its virtual reality division, PICO, Ren Lifeng, has officially resigned to embark on a new entrepreneurial journey in the cross-border e-commerce sector.
Oriental Selection is exploring overseas markets with TikTok, improving the efficiency of product procurement processes by integrating high-quality supply chain resources.
