GoodsFox Daily News June 17, 2024 ● RTAUYS Sonic Electric Toothbrush is a hit in the US TikTok market, with a single-day sales volume of 3,303 ● eBay to Add Venmo as a New Payment Option ● Shopify Report Shows: 82% of UK Consumers Believe Promotions Can Increase Loyalty ● The First Beauty Cross-Border E-Commerce Conference to be Held in Guangzhou on July 3 ● TikTok Shop Lowers the Threshold for Southeast Asia Cross-Border Entry 1.RTAUYS Sonic Electric Toothbrush is a hit in the US TikTok market, with a single-day sales volume of 3,303 Photo from: GoodsFox RTAUYS is a sonic automatic toothbrush that provides in-depth and thorough cleaning for teeth, with a cleaning effect five times that of adult low-frequency electric toothbrushes. According to GoodsFox data, on June 16, the product's daily sales volume in the US region of TikTok reached 3,303, with a 30-day sales volume of 27,577. 2.eBay to Add Venmo as a New Payment Option In order to expand payment options and meet the preferences of a new generation of shoppers, eBay will add Venmo as a payment option on its platform this week. eBay users in the United States will be able to use Venmo to pay on their website or app, completing transactions through Venmo balance, associated bank accounts, debit cards, or credit cards. 3.Shopify Report Shows: 82% of UK Consumers Believe Promotions Can Increase Loyalty According to the latest UK Business Conditions Report by Shopify, 82% of UK consumers believe that promotions can increase user loyalty. However, facing economic pressures in the macro environment, only 6% of UK retailers plan to invest in improving customer experience. 82% choose to pass on costs to consumers. 4.The First Beauty Cross-Border E-Commerce Conference to be Held in Guangzhou on July 3 The first Beauty Cross-Border E-Commerce Conference will be held at the Guangzhou Airport Expo Center from July 3 to 5. The iPDE International Future Packaging Exhibition will also be held concurrently with the conference. Seven cross-border e-commerce sessions will feature companies such as SHEIN, TikTok Shop, Shopee, Temu, etc., and they will interpret cross-border platform and overseas regulatory policies for the audience. 5.TikTok Shop Lowers the Threshold for Southeast Asia Cross-Border Merchants. Previously, the threshold for Southeast Asia cross-border entry on TikTok Shop was high, requiring merchants to have a business license, and the legal representative of the license must have operational experience on third-party e-commerce platforms to enter. Currently, according to the latest merchant recruitment policy of TikTok Shop Southeast Asia cross-border, merchants with a business license and individual merchants with experience in cross-border and domestic e-commerce platforms can directly enter.