Wildberries launches "seller direct delivery" sales model, Walmart affiliate fined for selling substandard products

Walmart's affiliated company was fined more than 340,000 yuan for selling substandard products

According to Tianyancha information on July 20, Beijing Walmart Department Store Co., Ltd. recently added an administrative penalty. The reason for the penalty is: the party's behavior of operating other foods that contain substances that are harmful to human health and exceed the limit of food safety standards violates Article 34, paragraph 1, item (2) of the "Food Safety Law of the People's Republic of China". The final penalty result is: confiscation of illegal gains of 26,368 yuan and a fine of 349,440 yuan; a total of 375,808 yuan. The penalty unit is the Beijing Shijingshan District Market Supervision and Administration Bureau. It is reported that the company has been administratively punished for similar reasons many times .

Wildberries launches "seller direct delivery" sales model

On July 20, Wildberries and Holodilnik.ru launched a new sales model of "seller direct delivery" for electronic products and household appliances. This model will not only expand Wildberries' sales scope, but also attract more partners. It is reported that in the first phase of the cooperation, Holodilnik.ru will provide Wildberries consumers with a product range of 1,500 SKUs, which can be delivered the next day after the buyer places an order, but the pilot delivery range is limited to the Moscow MKAD ring area.

YouTube acquires Indian social e-commerce company Simsim

On July 20, Google's YouTube announced today that it has acquired Indian social e-commerce company Simsim. Prior to this, Simsim, which was founded two years ago, had raised about $17 million and was valued at $50.1 million in its 2020 Series B round of financing.

Brazilian e-commerce giant Magalu acquires e-commerce company Kabum

On July 20, according to foreign media reports, Brazilian e-commerce giant Magalu recently announced the acquisition of 100% of the shares of Brazilian e-commerce company Kabum, which is currently valued at approximately 1 billion reais. It is reported that in the past year and a half, Magalu has acquired another 21 companies. It is reported that Magalu also announced the issuance of 150 million new shares to the market, which will bring the company 3.4 billion reais in revenue. Magalu said that the funds raised will be used to expand into new markets, invest in logistics, open new distribution centers and hubs, and pay for strategic acquisitions.

Cross-border logistics company CNE Logistics completes RMB 100 million Series A financing

On July 20, CNE Logistics announced that it had completed a round of A financing of several hundred million yuan earlier this year, led by Eastern Bell Capital and Northern Light Venture Capital, and followed by Nut Capital and Dinglin Capital. CNE said that the funds raised in this round will be used to expand domestic and overseas service outlets, iterate system R&D, and expand team talent.

Qingdao's cross-border e-commerce import and export volume exceeded 10 billion yuan in the first half of 2021

On July 20, the Qingdao Municipal Bureau of Commerce disclosed data showing that Qingdao's cumulative imports and exports have maintained positive growth for 15 consecutive months. In the first half of this year, imports and exports reached 397.52 billion yuan, a year-on-year increase of 39.6%, ranking first among the planned cities. Both the growth rate and scale hit a record high in Qingdao's history during the same period. In the first half of the year, Qingdao's cross-border e-commerce import and export scale exceeded 10 billion yuan.

DHL Express plans to invest more than $360 million in the Americas from 2020 to 2022

On July 20, DHL Express announced that it plans to invest more than $360 million in the Americas from 2020 to 2022 to build new facilities and expand existing ones to meet the logistics needs driven by the development of e-commerce. In addition, the company will invest millions of dollars to enhance the service capabilities of its American aviation network, such as developing new direct routes.

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