South Korea's e-commerce sales reached US$16.11 billion in 2020, and Malaysian e-commerce giant PG joined JD International

South Korea’s e-commerce sales reached US$16.11 billion in 2020 !

Data released by Statistics Korea showed that online shopping sales in South Korea increased by 19.1% to 161.1 trillion won in 2020. Among them , online sales in South Korea grew the fastest in December, with sales reaching 15.9 trillion won ( about 14.2 billion U.S. dollars), an increase of 26.1% over 2019.

During the pandemic, due to increased epidemic prevention and control efforts and concerns about contracting the new coronavirus by going out, Koreans avoided going to stores for shopping. More and more Koreans bought goods online, and the number of online shoppers in South Korea hit a new high in December last year .

It is reported that in December last year , the total amount of shopping completed through smartphones, tablets and other mobile devices increased by 33.8% year-on-year to 11.1 trillion won, accounting for 69.7% of the total online shopping.

Online shopping is gaining popularity, with online purchases of food, takeout, electronics and household items increasing significantly. Online sales of electronics and telecommunications products increased 56.1% to 1.9 trillion won, while online sales of home appliances increased 54.7% to 1.4 trillion won.

Malaysian e-commerce giant PG joins JD International

It is reported that JD.com International and Malaysia's leading local online marketplace PG Shopping Mall recently held an online signing ceremony for global direct purchase services.

Under the agreement, PG Mall will bring its tens of thousands of sellers and millions of Malaysian products to JD International. With the help of JD International's logistics network and advanced data-driven distribution technology, Chinese consumers will be able to enjoy a fast and convenient shopping experience when purchasing goods provided by PG Mall sellers .

PG Mall is Malaysia's leading local e-commerce platform. As of now, there are more than 10,000 brands and retailers on the platform, selling more than 1 million products. With the signing of this agreement, PG Mall officially joined JD International.

German products can use Deutsche Post Letter service through eBay data docking warehouse

It is reported that eBay platform released a new announcement on February 3 , that products with a unit price below 5 euros to Germany can use the Deutsche Post Letter service through the eBay data docking warehouse .

For products whose location is in Germany and whose unit price is less than 5 Euros (including shipping costs), if the seller uses an overseas warehousing service provider that has data connection with eBay to ship the products, the seller can choose to use Deutsche Post Letter service as the last-mile logistics service.

These transactions will not be included in the assessment of timely shipment rate and timely delivery rate in the overseas warehouse service standard assessment. The compliant publication rate and non-receipt of goods dispute rate will be assessed normally.

The above changes will take effect from 0:00 on February 7, 2021. If sellers ship goods through overseas warehouse service providers that have data connection with eBay, please be sure to upload the transaction data (including eBay transaction order number and item number) to the overseas warehouse supplier in a timely and accurate manner so that eBay can fully obtain the relevant transactions.

In 2020, the annual cumulative transaction volume of Xi'an's cross-border e-commerce reached 6.734 billion yuan

It is reported that Xi'an's cross-border e-commerce industry grew rapidly in 2020 , and its annual cumulative cross-border e-commerce transaction volume reached 6.734 billion yuan.

Relying on the advantages of comprehensive bonded logistics park, Chang'an international train, foreign goods terminal, etc., Xi'an 's cross-border e-commerce has developed rapidly. According to statistics from Xi'an Customs, in the first seven months of 2020, Shaanxi's cross-border e-commerce imports and exports totaled 74.92 million yuan, a year-on-year increase of 1.3 times.

It is reported that on July 24, 2018, Xi'an was approved as the third batch of national cross-border e-commerce comprehensive pilot zones. In less than three years, the city has established 9 cross-border e-commerce innovation demonstration pilot zones, 12 cross-border e-commerce industrial parks, more than 1,000 registered cross-border e-commerce companies, and more than 20,000 related cross-border e-commerce practitioners.

PayPal's net revenue in the fourth quarter of 2020 reached US$6.116 billion

It is reported that PayPal announced its fourth quarter financial report for fiscal year 2020 today . The report shows that PayPal's net revenue in the fourth quarter was US$6.116 billion, a year-on-year increase of 23%; net profit was US$1.567 billion, a year-on-year increase of 209%. PayPal has achieved rapid growth in the past year.

In addition to announcing its fourth-quarter data, according to PayPal's fourth-quarter 2020 investor update document, PayPal's cryptocurrency business is expected to expand to PayPal's mobile payment service Venmo and international markets in the first half of 2021. The integration of Venmo and cryptocurrency is expected to take place in the coming months.

PayPal is investing heavily in a new crypto, blockchain and digital currency business unit as it helps shape a more financially inclusive future.

South Korea

E-commerce

Malaysia