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Ecommerce News-UPS opens the world's first logistics innovation center in Asia-Pacific

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1. UPS opens the world's first logistics innovation center in Asia-Pacific

On December 10th, UPS announced that it had opened the world's first logistics innovation center(UPS SCS Asia Pacific Innovation Center) in Singapore, connecting Asian companies with emerging logistics technologies.

According to reports, the innovation center comprises various functions, including a warehouse model for simulating, demonstrating the latest technology, and pilot cooperation with customers.

UPS has set the Innovation Center as a testbed to explore and implement new technologies that have not yet been deployed on a large scale. Currently, UPS has cooperated with technology partners to integrate innovations such as autonomous mobile robots, radio frequency identification, and drones.

2. Royal Mail and Ford reach cooperation

On December 10th, Royal Mail announced that it had reached a cooperation with Ford. It used the route selection software provided by Ford in Manchester to enable several delivery drivers to use a truck to work in the same area and deliver multiple packages in one area.

According to reports, the software provided by Ford will display the location of the delivery truck in the application, automatically identify the delivery point, and give the driver the best delivery route. This cooperation will improve the delivery efficiency of Royal Mail's parcels.

3. Costco's fiscal year 2022 Q1 net sales are US$49.42 billion, a year-on-year increase of 16.7%

The company's net sales in the first quarter were US$49.42 billion, an increase of 16.7% from US$42.35 billion in the same period last year. Net income attributable to Costco was US$1.324 billion, compared with US$1.166 billion in the same period last year. Diluted earnings per share were US$2.98. It was US$2.62 in the same period last year.

The total revenue for the quarter was 50.36 billion US dollars, and the market was estimated to be 49.55 billion US dollars. Costco runs online stores in the United States, Canada, the United Kingdom, Mexico, South Korea, Taiwan, Japan, and Australia.

4. TikTok launched its first live shopping event, "On Trend," in the UK

On December 9th, TikTok launched its first live shopping event, "On Trend," officially starting an e-commerce business. The event will be held in the UK at 5 pm on December 8th and 9th.

According to reports, the event will be hosted by British TV star Rylan Clark-Neal. It will be blessed by well-known beauty and technology brands like Charlotte Tilbury, L'Oréal Paris, and Nutri Bullet. Consumers participating in the shopping event can also enjoy exclusive offers and discounts.

5. Wal-Mart CFO: Flipkart's IPO has been planned, and the specific date has not been determined

On December 9th, Wal-Mart's executive vice president and chief financial officer Brett Biggs stated that Flipkart's initial public offering had been planned.

Still, the specific time has not been determined. According to people familiar with the matter, Flipkart hopes to obtain a valuation of US$50 billion through an initial public offering in the United States next year.

It will be the largest IPO in the history of Indian consumer technology. In July, Flipkart Group received US$3.6 billion in financing, with a post-investment valuation of US$37.6 billion, an increase of more than 50% within a year.

6. Upmesh, a Southeast Asian live streaming eCommerce platform, receives US$7.7 million in the Pre-A round of financing

On December 9th, Upmesh, a Southeast Asian live broadcast e-commerce platform, received $7.7 million in Pre-A round financing, led by Monk's Hill Ventures. So far, Upmesh's total funding has reached 10.5 million US dollars.

Upmesh plans to use the new funds to launch Instagram live e-commerce applications, expand the number of products, and optimize vital functions such as logistics automation.

In October this year, Upmesh completed a seed round of 3 million US dollars led by Leo Capital, followed by Beenext, iSeed, and others. Since the seed round of financing, in less than three months, Upmesh's online retailer has almost doubled. The number of sellers has increased by 30% every month.

7. Amazon will shut down online ranking site Alexa.com in May 2022

On December 9th, Amazon plans to shut down its global website ranking system and competitor evaluation tool "Alexa.com," which has been used for 25 years.

Amazon announced on Wednesday that it will deactivate the Alexa.com platform on May 1st, 2022, and will not release new monthly statistics in the future. Alexa.com is a subsidiary of Amazon, founded in April 1996. Alexa collects more than 1,000GB of information on the Internet every day, not only giving billions of URL links but also ranking each of them.

8. Amazon launches voice assistant Alexa in Saudi Arabia to support Saudi dialects

On December 9th, Amazon launched its voice assistant Alexa in Saudi Arabia to provide users with a new and localized Arabic dialect Khaleeji language experience.

Amazon started using Alexa to develop the Arabic language about two years ago. Local customers voluntarily helped Alexa learn the language through an app. Subsequently, Amazon employees began to test internally, and the app has now been launched in the Middle East. Alexa is the "brain" of Echo devices. It has new features designed for Saudi customers and nearly 200 Alexa skills.

9. Amazon seller acquisition company "Accel Club" receives $170 million in Series A financing

On December 9th, the Amazon seller acquisition company "Accel Club" completed $170 million in Series A financing. Redseed and North Wall Capital led this round of funding, followed by Flyer One Ventures. The fund will be used to support Accel Club's expansion of seller acquisition. According to reports, Accel Club was established in 2020 and is headquartered in Amsterdam. It focuses on acquiring and integrating Amazon sellers, mainly focusing on Amazon sellers in Europe, America, and China.

10. Payment service provider Worldline acquired Eurobank Merchant Acquiring

On December 8th, the global payment and transaction services giant Worldline announced on December 7th that it had signed a binding agreement to acquire 80% of Eurobank Merchant Acquiring's business. Gilles Grapinet, CEO of Worldline, said that the acquisition of Eurobank Merchant Acquiring is entirely in line with its strategy to expand its business in Southern Europe further.

At the same time, Worldline can also take advantage of the establishment of Cardlink in Greece through the acquisition of Cardlink earlier this year. Business. The merger of these two companies will create a leading position in the Greek market.

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  • Integration with 1200+ carriers.
  • Access the best discounts for USPS, DHL, UPS, and more.
  • KeyDelivery is free for 500 shipments each month.
Sign Up Free Contact Sales