France will not rule out another "lockdown", and the US version of "Idle Fish" Poshmark's GMV in 2020 reached US$1.4 billion

Shopee updates reporting portal for misappropriation of other people's product information

The latest news is that in order to protect sellers’ own pictures and other product information in the store, Shopee has updated the reporting portal for the theft of other people’s product information : https://solutions.shopee.cn/sellers/home/

How to deal with the behavior of stealing other people's product information:

After receiving the report from the seller, the Shopee platform will provide feedback on whether the report is valid on the self-service station within 5 working days.

If the report is established, the Shopee platform will notify the reported seller by email and send a system notification; the reported seller must make rectifications within the specified time. Sellers who fail to complete the rectifications within the deadline will be counted with 15 penalty points (the store will be frozen for 28 days), and the relevant products will be deleted. If the platform confirms that the product information of other sellers has been stolen three times within a year, the store will be permanently frozen.

Germany loses 50 billion euros in first quarter due to lockdown measures

According to data released by the German Economic Institute, the blockade measures implemented to curb the new crown epidemic caused Germany's economic losses of about 50 billion euros in the first quarter of 2021. Overall, Germany's GDP has decreased by 250 billion euros since the outbreak of the epidemic.

The total transaction volume of Alibaba International Station in the first week of the March New Trade Festival increased by 171% year-on-year

The Alibaba International Station March New Trade Festival has officially started for more than a week. According to Alibaba International Station data, the total transaction volume in the first week increased by 171% year-on-year, the number of orders increased by 121% year-on-year, and the number of paying buyers increased by 101% year-on-year. In just 4 hours, it exceeded the transaction volume on the first day of the March New Trade Festival in 2020.

The epidemic in the Greater Paris area is worsening, and another "lockdown" will not be ruled out

Salomon, director general of the French Health Agency, said that the current COVID-19 epidemic in France is complex and tense . The infection rate of the new coronavirus has been on the rise in 60 provinces in the past seven days, especially in the Greater Paris area, which is expected to continue to worsen. Salomon also said that if the situation requires, the French government will not rule out another "lockdown".

Poshmark, the US version of "Idle Fish", released its 2020 Q4 and full-year financial reports

Recently , Poshmark, a social e-commerce platform known as the American version of "Xianyu", announced its Q4 and full-year financial report data for 2020. This is also the first financial report released since the platform went public at the beginning of this year.

Data shows that Poshmark's gross merchandise value (GMV) in the fourth quarter reached US$387.2 million, a year-on-year increase of 28%.

GMV in 2020 was US$1.4 billion, a 29% increase from US $1.1 billion in 2019. GMV has increased year-on-year for nine consecutive years since its establishment in 2011.

Over the past 12 months, Poshmark’s active buyers reached 6.5 million in the fourth quarter of 2020, up 20% from 5.4 million in the fourth quarter of 2019.

Net revenue in 2020 was $262.1 million, up 28% year-over-year from $205.2 million in 2019.

Financial Report

Shopee Platform

Cross-border e-commerce market