Amazon to Roll Out Cheap Goods to Trump Temu and SheinWith fierce competition from Chinese e-commerce platforms, Amazon is launching a dedicated section exclusively for ultra-low-priced products.
Shocking Germ Levels Found in Imported Disposable Swabs and StrawsDisposable cotton swabs sold on Chinese e-commerce platforms were found to have bacterial levels approximately 37 times the domestic standard. Similarly, disposable straws exceeded the domestic standard for total extractable matter (4% acetic acid). On the 19th, Seoul City announced that it had conducted safety tests on 95 hygiene products directly purchased from Chinese e-commerce […]
How Amazon's AWS is Capitalizing on the AI TrendAnalysts predict a favorable stock trend for Amazon.com, Inc. as its AWS sees a revival in its sales growth rate.
Why Can't TikTok Shop Break Into Korea? U.S. Pressures and Local Giants Stand in the WayTikTok filed a trademark for TikTok Shop at the end of last year but has yet to unveil it to consumers. Analysts believe that the launch has been delayed due to the intensifying competition in domestic e-commerce and issues surrounding TikTok’s expulsion from the United States. On the 29th, the IT industry cited the fierce […]
Is China's E-commerce Dominance a Threat to Amazon and Walmart?Chinese e-commerce companies are increasing their influence in the global market. According to the Korea Institute for International Economic Policy on the 6th, German market research firm Statista analyzed that Chinese e-commerce companies are leading the global market. Citing e-commerce research firm eCommerce DB, Statista reported that based on B2C e-commerce sales, China’s online retail […]
American TikTok Sellers Reach Half a Million Despite Potential BanWhile the U.S. political community passed a bill to force the sale of TikTok, a Chinese video platform, it was announced that the number of American sellers registered on TikTok’s e-commerce platform exceeded 500,000. As the bill’s implementation approaches, it is analyzed that TikTok is expanding its influence in the U.S., especially among the younger […]
Amazon's AI Investment Pays Off with Record ProfitsAmazon’s first-quarter results exceeded market expectations. Amazon’s first quarter revenues in 2024 amounted to $143.3 billion, a 12.5% increase from the previous year, surpassing the consensus by 0.5%. Operating profit soared 220.6% to $15.3 billion, beating the consensus by 35.9%. Earnings Per Share (EPS) exceeded expectations by 16.4% at $0.98. The rise in profitability of […]
South Korea Investigates AliExpress and Temu Over Data PrivacyThe government has investigated the data collection and usage practices of Chinese e-commerce companies like AliExpress and Temu, which are eroding the domestic market with ultra-low-cost policies. This comes as the U.S. Congress is pushing for a law to ban the use of the Chinese platform TikTok over fears of personal data leaks. The move […]
China's E-commerce Take Over Global Market, Shopee Beats AmazonChinese e-commerce companies are relentlessly waging a global market share war. As of January, seven of the top 10 global e-commerce applications for monthly users were Chinese companies or had Chinese capital invested. According to the Nikkei on the 11th, a study by U.S. research firm Sensor Tower showed that Sea’s Shopee in Singapore topped […]
Chinese Influencers Earn More Than Hollywood Stars [TV report=Yu So-yeon] Domestic influencers earn 'billion' sounding income per year. This is why many elementary school students choose to become an influencer as their future...
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