June 24, 2024
● Pink Tip Women's Sweatshirt recently became a breakout item in the TikTok US region
● PL Makeup Academy Lip Balm has recently been a hot seller in the TikTok UK region
● TikTok Files First Amendment Lawsuit
● Morgan Stanley forecasts Temu to reach $130 billion in GMV by 2030
● Massive miscalculation on the eve of Amazon Prime Membership Day
1. Pink Tip Women's Sweatshirt Recently Exploded on TikTok USA
A women's solid-color tracksuit from Pink Tip, which includes a sporty zip-up drawstring jacket and high-waisted leggings, has recently exploded on TikTok US. According to GoodsFox, it sold 16,153 units per day on June 20 on TikTok US.
2. PL Makeup Academy Lip Balm recently sold on TikTok UK.
PL Makeup Academy Lip Balm has been a recent hit on TikTok UK, helping to repair dry and damaged lips. According to GoodsFox, in the TikTok UK region, the product reached 4,630 daily sales on June 21st and 153,832 in the last 30 days.
3. TikTok Files First Amendment Lawsuit
TikTok says the U.S. government failed to adequately consider viable alternatives before pushing through a law that could have banned the platform from being listed in the U.S. TikTok claims it provided the U.S. government with a detailed, multi-hundred-page plan to mitigate national security risks.
4. morgan stanley predicts temu 2030 gmv expected to reach $130 billion
Temu is in a critical period of global expansion. Morgan Stanley recently predicted that Temu is on track to be profitable by 2025 at the earliest, and that it has huge potential to grow its GMV to $130 billion by 2030.
5. Massive Misclassification on the Eve of Amazon Prime Membership Day
Since June 18, according to the reaction of several Amazon sellers, their on-sale listings were misclassified as children's products, thus affecting normal sales, including accessories, jewelry, home furnishing and other categories of listings are affected.