ByteDance's Douyin Updates Doudian APP to Better Support Growing E-commerce Business

Chinese Jewelry's Enterprises Journey to Go Global

26-year-old Xiaolin plans to marry his girlfriend of five years, and purchasing gold and silver jewelry is an essential part of the wedding preparations. When he went shopping, he was shocked to find that the prices of gold and silver jewelry had skyrocketed. A ring he liked last year had already increased in price by 17% this year.

Sea back in the black with $79.9M Q2 profit

Sea Group on Tuesday posted a net profit of US$79.9 million for the three months ended June 30, down 75.9% from US$331 million in the corresponding year-ago period.

Betting on Indonesia: TikTok E-commerce Expands into Local Services

Recently, it has been reported that TikTok is quietly testing local services in Indonesia and Thailand. According to informed sources, some fortunate users have already encountered carefully designed group-buying deals in their feeds, primarily focusing on dining merchants. This move has quickly attracted widespread attention and discussion in the market, especially considering TikTok’s previous experience in Indonesia’s e-commerce sector.

New Trend in Brazilian Online Shopping: Social Media Dominates

EqualOcean reports that a recent survey by payment technology company Adyen reveals that 65% of Brazilians are accustomed to shopping online via social media.

AliExpress Partners with Brazilian E-commerce Giant Magalu, Stock Prices Surge

On June 24, 2024, Chinese cross-border e-commerce platform AliExpress(速卖通) announced a strategic partnership with Brazilian e-commerce leader Magazine Luiza (Magalu) to sell AliExpress's "Choice"(优选) series of products. Following this announcement, Magalu's stock price surged by 12%.