Amazon's market value could reach 3 trillion US dollars in three years, and BCI's official website removed the "Statement to Boycott Xinjiang Cotton"

BCI official website removes "Statement on Boycotting Xinjiang Cotton"

In October 2020, the Better Cotton Initiative (BCI) of Switzerland announced the indefinite cancellation of guarantee certification for all Xinjiang cotton companies, putting Xinjiang cotton products on the "blacklist" of international trade. After the Chinese people denounced and boycotted BCI and member brands such as H&M this year, BCI secretly removed this statement that caused an uproar.

Starting April 20, AliExpress will suspend sales of all leaf products under the health food category in the US

Recently, AliExpress issued a notice prohibiting the sale of health food to the United States. The platform stated that there is a high risk of public opinion on food quality and safety in the U.S. market for health food. Based on various considerations, the AliExpress platform decided to suspend the sale of all leaf categories under Beauty & Health >> Health Care >> health food (vitamins & supplements) in the U.S. market from April 20, 2021, and the restart time is to be determined.

Amazon's market value could reach $3 trillion in three years

According to reports, well-known technology analyst Brent Thill said that Amazon is undervalued by 70%. Driven by cloud computing and advertising businesses, Amazon's market value will increase by 70% in the next three years, from the current $1.72 trillion to $3 trillion. This does not take into account the possibility of its entry into the fields of healthcare, home security, smart home devices and entertainment. Thil said that Amazon still has room for expansion in the fields of apparel, B2B and SaaS.

eBay: Selling CE-marked products to the EU requires a designated EU Economic Operator

On April 15, eBay released a new announcement on April 14. The announcement shows that starting from July 16, 2021, when products with the CE mark are sold to the EU, the products must have a designated EU "Economic Operator". The announcement also reminds sellers to ensure that the name and contact information of the EU Economic Operator are listed on the product or product packaging. If the products sold by the seller to the EU do not contain this information, the goods may be intercepted at customs or cannot be delivered to the buyer.

Amazon holds summit in India

On April 15th, it was reported that starting from Thursday, Amazon will hold an online summit in India called Smbhav. Smbhav means "possible" in Hindi. Amazon is trying to tell Indians: "American companies can help small businesses expand and sell goods online." But Indian small businesses seem to have different opinions. Thousands of small businesses have decided to hold their own events this week to protest against foreign e-commerce companies such as Amazon , and will hold an "Asmbhav" (meaning impossible) summit at the same time .

Global audiobook market to grow 25% in 2020

Deloitte Consulting estimated in a recent report that the global audiobook market grew 25% in 2020 to $3.5 billion, with about 500 million listeners. Podcasts, or online audio programs, are also becoming increasingly popular . Deloitte Consulting predicts that the podcast market may reach $3.3 billion in 2025, and audiobook revenue is expected to exceed e-books in 2023. Chirag Desai, CEO of a podcast platform in the United Arab Emirates, believes that podcasts will go mainstream in 2021 as the economy recovers and the podcast industry becomes more standardized.

Maomaochong E-commerce received tens of millions of yuan in Series A financing from Hongtai Fund

Recently, Chongqing Maomao Chong E-commerce Co., Ltd. and Hongtai Fund held a signing ceremony for the A round of financing in Chongqing. The scale of this round of financing is tens of millions of RMB, and the funds will be mainly used for talent development, management system construction and IP incubation. It is reported that Maomao Chong E-commerce is a professional operation service provider for e-commerce platforms, focusing on the industrialization of e-commerce, and providing professional store operation services for many brand companies by integrating marketing and platform resources.

Kroger, the largest supermarket chain in the United States, builds a robot logistics center

On the afternoon of April 15, it was reported that Kroger, the largest supermarket chain in the United States, began to bet heavily on robots and build robot logistics centers in order to meet the challenges of Amazon and Walmart. It is not clear whether Kroger will deliver the orders to the store for free pickup or deliver them to the door. However, relevant personnel said that they will test the warehouse-to-store delivery model, with a starting price of $9.95.

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