2024.12.5 GoodsFox Daily E-commerce News:
- Over 10,000 Units Sold! The "4K Night Vision Goggles" Become a New Favorite for Outdoor Enthusiasts
- Vietnam Launches "2024 Shopping Season" to Boost Consumer Spending
- Temu Accelerates Electrical Product Qualification Compliance in Europe
- Shopify Updates Inventory Adjustment History Log
- Shopee Philippines Updates Commission Rates for Specific Categories
1. Over 10,000 Units Sold! The "4K Night Vision Goggles" Become a New Favorite for Outdoor Enthusiasts
GoodsFox data reveals that FSee's 4K Night Vision Goggles, sold by small TikTok shop FSee in the US, have gained immense popularity. These goggles, designed for summer use, combine security camera functionality with outdoor camping features. In just the last 30 days, FSee has sold over 16,000 units. Specializing in high-quality adult binoculars, FSee meets the diverse needs of outdoor adventurers. Since launching, FSee has quickly become a favorite among outdoor enthusiasts on TikTok.
Source: GoodsFox
2. Vietnam Launches "2024 Shopping Season" to Boost Consumer Spending
Vietnam's Ministry of Industry and Trade has officially launched the "2024 Vietnam Grand Promotion," a nationwide event running until December 31. According to Le Hoang Thai, Deputy Director of the Vietnam Trade Promotion Agency, the program creates a "special season" where businesses can design and implement their own promotions. The maximum discount on goods and services has been raised from 50% to 100%, with no approval required from authorities. The program has been a success for the past four years, garnering strong support from businesses and consumers. In December 2023, nearly 75,000 promotional activities were held, leading to total retail and consumer service revenues of approximately 565.8 trillion VND (around $22.6 billion), showing a 2.6% month-over-month and 9.3% year-over-year growth.
3. Temu Accelerates Electrical Product Qualification Compliance in Europe
Temu is speeding up its compliance efforts for electrical products in the European market. Sellers on EU sites are required to upload the relevant electrical certifications within a set time to ensure their products meet regulatory standards. For battery products, sellers must upload the CE-Battery certification by specific deadlines—December 9 for pure electric goods and December 17 for internal battery products. This requirement applies to EU, UK, and Northern Ireland sites. Temu emphasizes that products without the necessary certifications after the deadline will be removed from the platform.
4. Shopify Updates Inventory Adjustment History Log
Shopify has updated its inventory adjustment history log, extending the coverage period from 90 days to 180 days. This update offers merchants a more detailed view of their inventory adjustments. Merchants can now see events like new order shipments, returns, or manual adjustments in the Activity list. Each adjustment will display the updated product quantities and new total inventory. If an adjustment does not impact the inventory, it will be indicated with a dash.
5. Shopee Philippines Updates Commission Rates for Specific Categories
Shopee Philippines is adjusting the commission rates for certain categories on Shopee Mall to enhance the user experience by supporting ongoing innovation and new features. Notably, the following discounts and exemptions will continue: platform sellers will remain exempt from commission fees for the first 90 days after product listing; sellers participating in the fast delivery program will receive a 1% commission discount. Additionally, sellers in the Free Shipping Special (FSS) program will continue to enjoy a 2.24% commission discount until December 31, 2024.
GoodsFox Daily E-commerce News: Discover the latest trends in e-commerce, including the success of FSee's 4K Night Vision Goggles on TikTok, Vietnam's new shopping season, and updates from Temu, Shopify, and Shopee.
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