2024.12.4 GoodsFox Daily E-commerce News:
- MINISO's Bluetooth translation headset hits $2.74M in sales in just 7 days on TikTok U.S.
- CES faces visa issues, blocking many Chinese exhibitors
- Cyber Monday online sales rise 14%, outperforming Black Friday
- TikTok expands into the Middle East with new HQ in Riyadh
- Vietnam’s new tax law forces platforms like Shopee to handle seller taxes
1. MINISO's Bluetooth translation headset hits $2.74M in sales in just 7 days on TikTok U.S.
In the past 7 days, a Bluetooth translation headset from MINISO topped the sales charts on TikTok in the U.S., earning $2.74 million. This innovative product supports real-time translations in 148 languages, has an open-ear design, and features IPX5 waterproofing. These features make it a top choice for consumers. Similarly, PAXA’s Open Air 5 OWS translation headset also saw massive success, with over 150,000 units sold within two months and nearly 50,000 units sold in just one week in mid-November.
Source: GoodsFox
2. CES faces visa issues, blocking many Chinese exhibitors
With CES around the corner, over 30% of exhibitors are expected to be from China. However, many Chinese companies face unprecedented visa denials, even with invitations to attend. This has sparked concerns about the future of Chinese participation at CES.
3. Cyber Monday online sales rise 14%, outperforming Black Friday
In the U.S., Cyber Monday showed a 14% increase in online transactions during the first 12 hours compared to last year, surpassing Black Friday in sales. Key categories saw double-digit growth, including luggage (41%), pet supplies (33%), and apparel accessories (33%).
4. TikTok expands into the Middle East with new HQ in Riyadh
TikTok is expanding its footprint in the Middle East with plans to set up a regional HQ in Riyadh, Saudi Arabia. This move follows new regulations requiring foreign companies to have regional offices in the country, marking a significant step in TikTok's Middle East strategy.
5. Vietnam’s new tax law forces platforms like Shopee to handle seller taxes
Vietnam has passed a new tax law requiring e-commerce platforms like Shopee to handle tax reporting for sellers. Starting in April 2025, platforms will be responsible for deducting and submitting taxes on behalf of sellers.
GoodsFox Daily E-commerce News: Explore the latest ecommerce trends, from $2.74M in sales to CES visa issues and new tax regulations in Vietnam.
LinkedIn: https://www.linkedin.com/in/goodsfox-helper-365450282/
MORE:
-
TikTok Enhances Creator Monetization with Product Link Integration
-
Rotating Projector Sales Soar with 30,000 Units Sold in Two Weeks
- Whiskers N Paws & BARK Lead the Pack: Top Pet Supplies Advertising Trends of 2024