Shopee updates its prohibited goods classification standards; shipping prices rise sharply, and demand for China-Europe trains surges

Shopee updates its prohibited goods classification standards

Recently, the Shopee platform updated the classification standards for banned items. The updated content includes: adding Class A banned item soil; adding Class B banned item pregnancy test sticks to the Vietnam site; adding Class AB banned item standards to the Mexico site.

Class A Standards for Prohibited Items on Shopee Platform

Ocean freight prices have risen sharply, and the demand for China-Europe trains has soared

The current situation of difficulty in finding a cabin and a container has caused freight rates on major shipping routes to rise sharply. Many shipping companies have already issued further price increase announcements. For this reason, many foreign trade companies have begun to try to use China-Europe trains to transport goods to reduce the impact of increased ocean freight and timeliness.

According to reports, in April this year , 1,218 China-Europe trains were launched, transporting 117,000 TEUs, up 24% and 33% year-on-year respectively. It has been 12 consecutive months that more than 1,000 trains have been launched in a single month. So far, a total of 38,000 China-Europe trains have been launched, transporting 3.4 million TEUs of goods, reaching 151 cities in 22 European countries, and the logistics distribution network covers the whole of Europe.

Shopify announces NFT marketplace

According to foreign media reports, the popularity of NFT (digital collectibles) has risen sharply in recent months , and many celebrities have begun selling certified, exclusive digital images, videos, recordings and other files to collectors.

After eBay allowed NFT sales, Shopify is integrating NFT solution provider Sweet’s NFT distribution platform into its online platform, becoming the second e-commerce platform to open the NFT market. It is reported that among the sellers currently operating stores on Shopify, only certified sellers can sell NFTs.

Egyptian logistics company Bosta raises $6.7 million to expand e-commerce delivery business in the Middle East and North Africa

According to foreign media reports, Egyptian logistics company Bosta recently announced the completion of a $6.7 million Series A financing, which it plans to use to expand its delivery business in the Middle East and North Africa e-commerce market. Bosta said that it plans to start business in Saudi Arabia next, with the main goal of becoming a leader in the African e-commerce delivery market.

According to the latest report from Bain & Company, the e-commerce market in the Middle East and North Africa is expected to grow from $8.3 billion in 2019 to $28.5 billion by 2022. Egypt is one of the most active countries in the region in terms of e-commerce business, which is expected to grow at an annual rate of 33% to reach $3 billion by 2022.

JD.com launches SaaS tools to accelerate brand digitalization

Recently, JD.com Shangxuan launched a SaaS tool to help brands build customer management tools, visualize transaction data, and accelerate the digitalization of brands. According to reports, SaaS tools can not only provide digital marketing functions and help brands visualize transaction data, but also accelerate the construction of brand sales channel networks and create new channels for brand sales. In addition, JD.com Shangxuan SaaS tools can also improve operating efficiency, help brands manage their agents, achieve more product categories, and reduce brand operating costs.

AliExpress’ fashion category is a big seller in 2020, with German Bonprix entering the market  

Sales of fashion products account for about 15% of AliExpress' total sales , and sales in this category increased by 210% in 2020 compared to 2019. In 2020, the most popular search keyword in this category was "clothing", with more than 150 million searches. The second most popular search keyword was "earrings", with more than 95 million searches. The top five popular search keywords also included "bags" and "hoodies", with 6,600 and 5,200 searches respectively.

Bonprix is ​​a German online store for clothing, footwear, accessories and daily necessities. To seize the fashion category on AliExpress, this ultra-fashionable online store has successfully entered AliExpress. Through the strengthened cooperation, AliExpress will also expand the range of products in the "Fashion" category.

Online Shopping

E-commerce

Cross-border e-commerce