2024.10.18 GoodsFox Daily E-commerce News:
- What Are the Most Popular New Products at the Canton Fair?
- Chinese Brand Achieves $14M Annual Sales by Selling Mouthwash on TikTo
- China’s State Tax Administration Expands Cross-Border Tax Services
- PayPal Launches New Global Payment Platform
- Amazon Shipping Joins EasyPost Carrier List
1. What Are the Most Popular New Products at the Canton Fair?
The 136th Canton Fair is in full swing in Guangzhou, with new products and technologies taking center stage. Smart kitchen appliances, such as rice cookers and coffee machines, have attracted global buyers with their superior quality and diverse functions. VR devices and smart health products have also captured a lot of attention. For example, Zhuoyuan Virtual Reality's two-person rotating gaming device brings VR technology into a new entertainment realm. Health monitoring devices and eco-friendly materials are aligned with global trends in sustainability.
This year's Canton Fair features nearly 4,600 new exhibitors, displaying 1.15 million new products, a significant increase. Cross-border merchants should focus on the innovative power of Guangdong manufacturing and market trends, seizing opportunities in the “Belt and Road” initiative. The high foot traffic at the event reflects the recovery of offline exhibitions, providing businesses with valuable face-to-face interaction and order opportunities.
Source: GoodsFox
2. Chinese Brand Achieves $14M Annual Sales by Selling Mouthwash on TikTok
Chinese oral care brand Metoo has achieved rapid success in Southeast Asia, particularly in Indonesia. Founded in 2021, Metoo launched its mouthwash on TikTok Indonesia in March 2022, selling over 2 million bottles in just three months. In three years, its annual sales in Indonesia surpassed $14 million, making it the top-selling online mouthwash brand.
Metoo’s success can be attributed to its unique strategy of creating engaging and educational content on TikTok, amassing 1.13 million loyal followers. The brand combines online TikTok Shop sales with offline channels like Alfamart and Indomaret for a multi-channel approach. With alcohol-free formulas and a variety of flavors, Metoo tailored its product to local preferences. Metoo’s story offers a powerful example for Chinese brands expanding into Southeast Asia, showcasing the ability to find blue ocean opportunities in competitive markets and scale rapidly.
Source: GoodsFox
3. China’s State Tax Administration Expands Cross-Border Tax Services
China's State Tax Administration has released a new version of the "Outbound Tax Guide," allowing taxpayers to easily access the latest overseas tax policies, management, and services, helping them avoid overseas tax risks. The new guide includes tax policies from 114 countries and regions, expanding the number of cross-border tax service items from 99 to 120.
4. PayPal Launches New Global Payment Platform
PayPal, one of the world's largest cross-border payment platforms, recently announced the launch of its new enterprise-level service in Shenzhen: "PayPal Complete Payments." This platform integrates a suite of cross-border payment products and solutions designed for businesses of all sizes, helping Chinese companies facilitate payments in various international trade scenarios.
5. Amazon Shipping Joins EasyPost Carrier List
EasyPost, a shipping API provider solving complex logistics problems for online merchants, recently announced the addition of Amazon Shipping to its carrier list. To access Amazon Shipping rates, users must be Amazon sellers, but the service is not limited to Amazon’s marketplace. Since its relaunch in 2023, Amazon Shipping’s third-party partnerships have grown, now integrated with platforms like EasyPost, ShipStation, Veeqo, Sellercloud, and Descartes ShipRush.
Amazon Shipping’s global general manager, Michael Cox, stated that the company plans to address the issue of limited pickup coverage. With the 2024 peak season approaching, Amazon Shipping is expected to capture more volume from other carriers. EasyPost highlights the convenience of this service, especially during the holiday season, avoiding extra fees charged by other carriers, and not adding residential or weekend delivery fees.
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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