Amazon Europe launched a 20% discount on shipping costs, and Cross-border E-commerce released an announcement on the progress of share repurchases

Amazon Europe launches 20% discount on shipping rates for cooperating carriers

On July 2, Amazon Europe announced the launch of a 20% discount on shipping costs for cooperating carriers. It is reported that within the specified period, Amazon FBA sellers can send goods to fulfillment centers across Europe at an 80% discount. This discount can also be applied to any domestic goods that sellers send to Amazon's operating centers using Amazon's cooperating carriers. It is worth noting that this event only applies to Amazon's sites in the UK, France, Germany, Spain and Italy, and will last until September 30, 2021.

Cross-border Communication issued an announcement on the progress of share repurchase

According to the latest announcement released by Cross-border Tongbao E-commerce Co., Ltd., the 46th meeting of the 4th Board of Directors and the 4th Extraordinary General Meeting of Shareholders in 2021 reviewed and approved the "Proposal on the Repurchase of the Company's Shares". The meeting decided that in order to maintain the company's value and shareholders' rights and interests, the company intends to use its own funds to repurchase the company's shares through the Shenzhen Stock Exchange trading system in a centralized bidding transaction at a price not exceeding RMB 2.88 per share (inclusive). The total number of shares repurchased this time shall not be less than 41.68 million shares and not more than 83.36 million shares, subject to the actual repurchase quantity at the expiration of the repurchase period. As of June 30, 2021, the company has not repurchased shares.

The US Federal Trade Commission issued new regulations: counterfeit "Made in the USA" will be fined

Companies that inaccurately use the "Made in the USA" label will face fines, according to a new rule released by the Federal Trade Commission . It is reported that the rule requires marketers to prove that their products are "all or substantially all" made in the United States. Each violation will face a civil penalty of up to $43,280, the FTC said in a statement.

Amazon faces antitrust investigation in Spain

On July 2, according to foreign media reports, Spain's competition regulator CNMC is investigating possible anti-competitive behavior by Apple and Amazon regarding online sales of electronic products in the country. CNMC said in a statement that it has initiated disciplinary proceedings against the two companies for possible illegal behavior, which may include restrictions on Amazon's Spanish website.

Bezos announces fourth passenger on first space trip

According to foreign media reports, Amazon CEO Jeff Bezos announced the fourth member of the space tour on July 20, 82-year-old Wally Fink, a member of the "Mercury 13" project, who is also the oldest person to fly into space. It is reported that the "Mercury 13" project was born in the 1960s and aims to recruit a group of female astronauts, and Fink is one of the participants.

Amazon to build new R&D center in Helsinki, Finland

According to recent information released by Amazon, Amazon will establish a new R&D center in Helsinki, Finland, to develop new technologies for the Amazon Scout delivery robot. It is reported that Amazon Scout is an all-electric autonomous delivery robot that is currently being tested in four regions in the United States.

USPS plans to save money by slowing down package deliveries

On July 2, the U.S. Postal Service recently proposed a plan to reduce the delivery speed of packages and save costs. The plan is to change the delivery time of package services from the current 3 days for the entire U.S. continent to 2-5 days. If this plan is approved, the U.S. Postal Service will use trucks instead of airplanes to transport more packages.

Cross-border e-commerce service provider SCI Ecommerce completes financing of approximately RMB 440 million

According to reports, SCI Ecommerce, a cross-border e-commerce operation service provider headquartered in Singapore, recently completed a C+ round of financing of 88 million Singapore dollars, with a post-financing valuation of nearly 2 billion yuan. The lead investor in this round of financing is Singapore private equity firm Asia Partners, and investment fund EDBI, well-known US private equity fund FIC and other institutions participated in the investment.

Cross-border e-commerce B2B export model successfully landed in Jiujiang, Jiangxi

This morning, the first batch of Jiangxi "9710" was successfully applied online on the provincial cross-border e-commerce comprehensive pilot platform, marking the implementation of the cross-border e-commerce B2B export model in Jiujiang. It is reported that the goods are hot-selling metal crafts sold online by Amazon, worth US$726, and shipped to the United States.

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