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1. Shopee became the most-downloaded shopping apps in 2021
On January 10th, according to Apptopia, Shopee became the most downloaded shopping application in the world in 2021, with download counts of 203 million, ranking first among shopping applications. Fast fashion eCommerce SHEIN ranks second with 190 million download counts, a 70% increase from 2020.
In addition, Amazon ranked first in terms of downloads among shopping apps in the United States. Still, global downloads dropped from the first to the fourth period in 2020, at 148 million, lower than the third-ranked Indian social e-commerce company Meesho.
2. Amazon rolls out the SAFE-T reimbursement claims policy for CSBA orders
On January 8th, Amazon announced that Amazon had launched SAFE-T for Customer Service. According to the related policies, sellers can claim damages caused by CSBA issues. When Amazon refunds a customer, and the seller believes it is not responsible, the seller can request a refund from Amazon. Amazon will evaluate the seller's request and make an appropriate reimbursement decision following the Amazon Customer Service Refund Policy.
3. PayPal to launch stablecoin to advance cryptocurrency strategy
US payments giant PayPal said on January 8th that it would launch its stablecoin as part of its strategy to advance cryptocurrencies. Stablecoin is a cryptocurrency based and priced based on the value of an existing currency or commodity.
4. Singapore e-commerce company Carousell plans to merge with SPAC and to list at US$1.5 billion
On January 7th, according to Bloomberg News, Used product e-commerce platform Carousell, in talks with L Catterton Asia Acquisition Corp, prepared for a merger and listing through a SPAC.
The combined valuation could be as high as $1.5 billion. The SPAC will conduct due diligence on Carousell in the coming weeks to reach a merger agreement as early as this quarter. The deal could include a private equity investment worth hundreds of millions of dollars. Negotiations are ongoing, and it is uncertain whether an agreement will be reached, and details such as timing and valuation could change. Representatives for Carousell and L Catterton declined to comment.
5. USPS: Over 13.2 billion mail and packages received in the 2021 holiday shopping season
On January 7th, the U.S. Postal Service reported package volume for the 2021 holiday shopping season. The data showed that more than 13.2 billion mail or packages were received through the postal service network from Thanksgiving to New Year's Eve, compared with 12.7 billion in the same period in 2020. parcels increased by nearly 4%; packages took an average of 2.7 days to deliver during this period.
In 2020, the increase in orders during the peak season prompted the entire shipping industry to collapse, causing many packages to be delayed for weeks. The USPS said the company had done a lot of gear work ahead of the 2021 peak season, and the measures have worked well in dealing with the holiday surge.
6. Indian local delivery startup Dunzo raises $240 million in Series F funding
On January 7th, Indian local delivery startup Dunzo received $240 million in Series F financing. The company's valuation rose from $300 million in March to $775 million. After the transaction was completed, Reliance Group became the largest shareholder of Dunzo, owning 25.8% of its shares. Dunzo currently has about 60 dark stores in India, and its goal is to roll it out to 200 cities in the next 6-9 months. Additionally, Dunzo is planning an IPO within the next three years.
7. Yahoo partners with e-commerce marketing platform MikMak
On January 7th, Yahoo announced a partnership with MikMak, an e-commerce marketing platform, to provide an "add to cart" function for advertising campaigns on Yahoo Finance, TechCrunch, and AOL.
Through this cooperation, merchants will obtain consumer purchase insights provided by MikMak, including advertising effectiveness and various indicators. In addition, MikMak gives merchants valuable first-party sales data, including consumer demographic, psychological, and behavioral data.
8. Lazada launches self-delivery service
The Lazada platform package delivery function in 2022 has covered all scenarios, including free collection, paid collection, collection point, and self-delivery. On January 7th, Lazada launched the self-delivery function service. Lazada said that the new service helps merchants reduce logistics costs and improve efficiency.
In the system for package delivery, package delivery means that the merchant has fulfilled the contract, and the merchant's time limit is increased by 24-48 hours. At the same time, it can also avoid order cancellations caused by slow delivery or waiting for scanning.
9. DHL Express introduces electric delivery vans in the Philippines
DHL Express announced on January 6th that it had introduced electric vehicles to its Philippine delivery fleet, aiming to reduce carbon emissions and reduce operating costs. DHL is understood to have purchased three electric vehicles from Build Your Dreams, a manufacturer of zero-emission medium- and heavy-duty vehicles.
The new electric vehicle, which ranges up to 250 kilometers and has a payload of up to 3.5 cubic meters, will be deployed to deliver goods in the Philippines' Makati, Ortigas, and Pasay regions.
10. ArtFire, an e-commerce platform for handicrafts in the United States, announced the closure
On January 6th, the American handicraft e-commerce platform ArtFire announced that it would close by 2021. According to the official website information, ArtFire was established in 2008 and is an online marketplace that brings together a variety of art products. The platform mainly sells handmade products, fine arts, antiques, art design items, traditional craft supplies, etc.
Over the years, ArtFire has helped artists sell more than $250 million in merchandise worldwide, with very low to zero commissions on those sales. According to a statement released recently by ArtFire president and co-founder John Jacobs, the main reason for ArtFire's decision to shut down is the regulation.