TikTok launches two new e-commerce functions, TikTok Shop and TikTok World.
TikTok announced two core e-commerce functions: TikTok Shop and TikTok World. TikTok Shop mainly has 6 functions: First-Party Integration, Third-Party Integration, Product Links, LIVE Shopping, Collection Ads, and Dynamic Showcase Ads.
TikTok World has 3 functions: TikTok Creator Marketplace, Branded Content Toggle, and Customized Instant Page. The former is to create an e-commerce ecosystem, while the latter is to help brands accurately link creators.
Tata Group intends to invest at least US$2 billion in super application TataNeu.
Tata Group plans to invest at least US$2 billion in the super app TataNeu, and then raise another US$5 billion from outside investors through the sale of a minority stake. TataNeu is a one-stop-shop for its consumers, including healthcare and e-pharmaceuticals, food and groceries, fashion and jewelry, hotel reservations, consumer electronics, payment, and financial services. TataNeu may be launched early next year.
Wal-Mart launches omnichannel sales function "Joy. Fully"
Wal-Mart announced the launch of a new omnichannel sales function, "Joy. Fully". Suppliers and online influencers contact to promote product sales. Wal-Mart will launch shoppable recipes on Pinterest for the first time on a large scale. The recipes contain a variety of products. Consumers can click to view them and add them to the Wal-Mart shopping cart before making a purchase.
Carrefour plans to be carbon neutral by 2040.
According to Bloomberg News, French retailer Carrefour announced that its goal is to achieve carbon neutrality by 2040 by accelerating measures to reduce greenhouse gas emissions. On Sunday, the company said that it plans to reduce emissions by 50% from 2019 levels by 2030 and by 70% from 2019 levels by 2040. This commitment is more ambitious than the goal set in 2020, which is to reduce emissions by 30% by 2030 and 55% by 2040.
Carrefour said that by 2030, only renewable electricity will be used, which will reduce energy consumption by 27.5% at that time, thereby saving energy worth up to 100 million euros per year.
Russian e-commerce company Ozon launches a new fast delivery service.
The Russian e-commerce giant Ozon recently launched a new express service for sellers, allowing sellers to independently search for Ozon cooperative carriers for delivery within 1 to 3 hours after customers place an order, thereby speeding up the delivery of goods.
After the customer places the order, the seller should not take more than one hour to sort the package; after the packaging is completed, the seller must deliver the package from the carrier to the courier within 15 minutes. sellers who use the service do not need to pay any additional fees
eBay temporarily increases international standard parcel shipping rates to Australia and New Zealand
eBay issued an announcement stating that eBay will temporarily increase the shipping rates for packages shipped to Australia and New Zealand using its eBay international standard delivery service.
The current increase in shipping rates has taken effect. eBay's international standard distribution service supports shipments to more than 210 countries and regions worldwide and includes various transportation services.
Amazon launches business opportunity tool "Opportunity Explorer."
Amazon launched a business opportunity tool, Opportunity Explorer, to discover buyers' needs for new products. Opportunity Explorer helps merchants launch new high-potential products by providing valuable insights into what customers search for, click, buy, or even not buy. It also provides valuable data such as current products, popular search terms, new product release potential statistics, etc.
Opportunity Explorer is currently only available in a limited number of cities in the US and Germany and is expected to be open to more sellers in the US and Europe before 2022.
Russian retailer X5 launches a subscription service.
The Russian retailer X5 launched a subscription service. The service has three subscriptions: 5% cashback in Pyaterochka and 10% cashback in Perekrestok; Pyaterochka has 5% cashback and Perekrestok 7%; package combination, combined Discounts on check items, upgrades to loyalty programs, free services, and gifts. The monthly fee is 199, 249, or 299 rubles.
Flipkart partners up with short video platform Moj.
According to CNBCTV18, Wal-Mart's e-commerce platform Flipkart and short video platform Moj announced their cooperation. The cooperation between Flipkart and Moj will achieve in-app integration, and users of the Moj platform can buy on Flipkart. Ravi Iyer, head of Flipkart, said that this cooperation would help the company expand the scale of social e-commerce business and attract about 200 million e-commerce customers in India.
According to reports, Moj has more than 160 million monthly active members and is one of India's largest short video platforms. In addition to cooperating with Moj, Flipkart is also exploring the development of e-commerce AR experience with social media platform Snapchat.
TikTok launches the "Small Wins" program.
TikTok recently announced the launch of the "Small Wins" program, which uses videos to show how sellers on its platform develop online businesses and how to interact with consumers. The program aims to attract more merchants to run eCommerce businesses on TikTok. It said that small and medium-sized companies' potential to create online businesses on TikTok is enormous.
In the third quarter of this year, TikTok's monthly active users reached 1 billion, and many consumers will buy products on the platform.
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