Wish Merchant Platform adds a new "Performance Overview" page, and India's Shopsy will launch a zero-commission model

Wish Merchant Platform adds a new “Performance Overview” page

On August 4, Wish announced that it will add a new "Performance Overview" page to facilitate merchants to view store performance more quickly and clearly. It is understood that sellers can click "Performance" > "Performance Overview" on the merchant platform to go to this page, which contains two parts: sales indicators and store indicators. Merchants can use this page to view sales performance, sales trends in different time periods, product ratings and other data. In addition, in order to improve the user experience of merchants, Wish will redesign the merchant platform homepage. The new version of the homepage retains all core functions and only adjusts the layout design. It will be open to all merchants in the next few weeks.

Indian social e-commerce platform Shopsy will launch a zero-commission model

On August 4, the social e-commerce platform Shopsy under the Indian e-commerce platform Flipkart will launch a zero-commission model, no longer charging sellers transaction commissions on the platform, to help small sellers in second-tier cities and other regions to conduct online business. According to public information, Shopsy was launched in July this year and currently has more than 200,000 users. Shopsy users can share the 1.5 billion product catalogs provided by Flipkart sellers through social media and applications.

Kuaishou to shut down TikTok competitor Zynn in August

On August 4, according to Bloomberg, Kuaishou said it would shut down the Zynn app, a competitor to TikTok, in August. It is reported that Zynn, an overseas short video app under Kuaishou, was released in May last year. Due to accusations that users plagiarized content from other platforms, the app was removed from the shelves by Google and Apple in June last year. After being relisted, the app cancelled the system of giving monetary rewards for watching videos. It is reported that this system helped Zynn top the app download rankings earlier.

Amazon India launches 'Great Freedom Festival' promotion

On August 4, Amazon India launched a promotion called "Great Freedom Festival" from August 5 to August 9. It is reported that in order to cooperate with this event, Amazon India has specially built a small sales website to push products. According to the information provided by Amazon India, Amazon has launched a large number of discounts on some daily necessities such as clothing, shoes, toiletries, etc.

South Korea's Q2 online shopping transaction volume reached 264.6 billion yuan

On August 4, according to Yonhap News Agency, the statistics released by the Korea National Statistical Office today showed that in the second quarter of this year, the total amount of online shopping transactions in South Korea was 46.8885 trillion won, an increase of 25.1% year-on-year, the highest increase in nearly 11 years. In June, the amount of online shopping transactions in South Korea increased by 23.5% year-on-year to 15.6558 trillion won, and the amount of mobile transactions was 10.9951 trillion won, an increase of 30.1% year-on-year. The Korea National Statistical Office analyzed that while the online shopping market is gradually growing, the continued spread of the new crown epidemic has also become a booster for the increase in online shopping transactions.

Vietnamese e-commerce company Loship completes $12 million Series C financing

On August 4, Vietnamese e-commerce platform Loship announced today that it has completed a $12 million Series C financing, with a valuation of $100 million. This round of financing was led by Bess Ventures and Sun Hung Kai Properties. It is understood that Loship's current round of financing will be used to expand new city businesses and develop small food and beverage companies and other vertical fields.

Brazilian e-commerce company Dafiti and Brazilian bank Digio team up to offer Father's Day discounts

On August 4, in order to welcome the upcoming Father's Day in Brazil, Brazilian e-commerce Dafiti recently cooperated with Brazilian financial services bank Digio to provide Brazilian buyers with a large number of Father's Day discounts. It is reported that this promotion will take effect from August 1, and users can enjoy the discounts through Digio applications, some offline stores, Descontinho platform, etc.

" Eicang Technology" completed US$25 million in Series B+ financing

On August 4, the cross-border e-commerce SaaS ERP company "Eicang Technology" recently completed a $25 million B+ round of financing, led by a fund under CICC Capital, and followed by old shareholders EWTP, CCV, and Paradox. It is reported that this round of financing will be used for the iteration of Eicang ERP products and the continuous creation of a cross-border ecosystem, empowering sellers' product development, traffic system, supply chain system, organizational management, and the continued introduction of outstanding talents and organizational optimization. So far, Eicang has received more than $75 million in financing, making it the company with the highest amount of financing in the cross-border e-commerce SaaS field.

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