October 8, 2024
- DHL Logistics Announces Global Service Price Increase
- TikTok Shop Malaysia Sees 220% Sales Growth in H1 2024
- New Trend in Social Shopping: U.S. Market to Hit $100 Billion Next Year
- eBay Launches Q4 Collectibles Strategic Promotion
1. DHL Logistics Announces Global Service Price Increase
DHL recently announced a global service price hike effective January 1, 2025. The adjustment varies by country. For U.S. account holders, the general price for express shipments will rise by 5.9%, with some services and surcharges also seeing changes. In India and the Philippines, the increase is 6.9% and 5.9%, respectively, while Malta and Australia will see a 4.9% rise. DHL stated that these adjustments aim to address changes in the global logistics market and rising operational costs.
Source: Google
2. TikTok Shop Malaysia Sees 220% Sales Growth in H1 2024
In the first half of 2024, TikTok Shop Malaysia recorded a 220% year-on-year growth in sales, with sellers and affiliate creators rising by 180%. The platform attributes this surge to a shift in Malaysian online shopping behavior, where consumers increasingly discover brands and products through content. By shortening the time from browsing to purchasing, TikTok Shop offers local entrepreneurs more opportunities to build strong local brands.
3. New Trend in Social Shopping: U.S. Market to Hit $100 Billion Next Year
The U.S. social shopping market is projected to reach $100 billion next year, driven primarily by Gen Z shoppers on platforms like TikTok. More than half of Gen Z consumers plan to shop for holiday gifts exclusively on TikTok Shop. However, they are not the only active group. Reports show Gen Z leads social shopping, purchasing through TikTok Shop videos, shoppable Instagram posts, and YouTube merchandise shelves. Platforms like Amazon are also leveraging creators to sell products via live streams, where influencers share their latest shopping finds with followers.
4. eBay Launches Q4 Collectibles Strategic Promotion
eBay has launched a Q4 promotion for strategic collectible categories, offering rewards of up to 10% of total transaction value, with a cap of $250,000. This promotion spans thousands of subcategories and aims to help Chinese sellers expand their presence in the global collectibles market. Collectibles are in high demand on eBay, with high-ticket items such as figurines from the Chinese game Black Myth: Wukong, a Kobe Bryant signed card fetching nearly $1.6 million, and a Star Wars Boba Fett figure selling for $1.34 million. Chinese sellers are growing fast on eBay, with categories like sports cards seeing double-digit sales growth in 2023. Some sellers reached $500,000 in sales within four months of opening their stores, with Q2 sales exceeding $1 million.
GoodsFox Daily E-commerce News: Covering product selection strategies and market trends across platforms like TikTok, independent websites, and Amazon, bringing you the latest and hottest information in the global e-commerce industry.
