2024.10.31 GoodsFox Daily E-commerce News:
- Transsion Phones Soar in Sales, Boosting Screen Protector Orders by Over 20,000 in Just 7 Days
- WeChat Mini Programs Accelerate Overseas Expansion
- Temu Enters the U.S. Grocery Market
- New Amazon Seller Central Feature: Filter Business Reports by ASIN
- U.S. Investment Restrictions on China’s Semiconductor and AI Industries to Take Effect January 2025
1. Transsion Phones Soar in Sales, Boosting Screen Protector Orders by Over 20,000 in Just 7 Days
Transsion's Infinix brand has gained significant traction in the Philippines, selling over 20,000 screen protectors in just a week (October 24-30). The standout product is the "Infinix Smart 9," priced at $58.1. Its balanced performance, large display, and long battery life make it ideal for daily use and entertainment. Related accessories, such as screen protectors and phone cases, are also trending on TikTok and independent sites.
Source: GoodsFox
2. Shopify Includes Tariffs in Product Pricing
Shopify has introduced a feature allowing merchants using Managed Markets to incorporate tariffs directly into product prices. This means that tariff costs won't appear separately at checkout. Merchants can maintain original prices or adjust them to offset tariff impacts. Customers will see a reminder that the total includes tariffs.
3. Temu Enters the U.S. Grocery Market
Temu is rapidly rising in the U.S. market with its competitive pricing and diverse product range, now eyeing the grocery sector. This expansion is expected to significantly impact local retail. Temu’s group-buying model, which has transformed e-commerce in China, could lead to grocery price reductions of 10% to 40% in the U.S.
4. YouTube Teams Up with Shopee for Shopping Alliance in Thailand
YouTube has partnered with Shopee, making Thailand the fourth country to join its shopping alliance. Eligible creators can now tag Shopee products in their videos, allowing viewers to shop seamlessly. In 2023, Thailand's e-commerce sector accounted for 61% of online transactions, with expectations to reach $30 billion by 2025.
5. U.S. Investment Restrictions on China’s Semiconductor and AI Industries to Take Effect January 2025
After more than a year of revisions, the U.S. investment restrictions targeting China’s semiconductor and AI sectors are set to be implemented. Effective January 2, 2025, U.S. individuals must report or refrain from certain transactions in these fields as per the final rules issued by the Treasury.
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.
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