The UK becomes the world's third largest cross-border online shopping market, and Pinterest launches new video advertising options

The UK has become the world's third largest cross-border online shopping market

68% of respondents made e-commerce purchases outside of their home country in 2020. Of these, around 20% of non-UK consumers shopped from UK retail sites, second only to China (59%) and the US (51%).

The eShopWorld survey of more than 22,000 consumers in 11 countries revealed that the top five global markets for cross-border shopping from the UK are Australia (37%), the US (29%), Germany (26%), France (24%) and Singapore (23%).

Pinterest launches new video ad option

Recently, Pinterest announced that it will add a new video advertising option called "Pinterest Premiere". Through this advertising tool, advertisers can display exclusive videos targeting specific audience characteristics, interests or categories within a specified time.

Pinners are watching more video content in 2020, with Pinterest seeing nearly a billion video views per day. Pinterest users are 2.6 times more likely to make a purchase after viewing branded video content on the platform .

Amazon to add more delivery stations in New York

A Deloitte report shows that it is at least 22% more cost-effective to deliver from city agencies to New York consumers . Amazon will open ten delivery stations in New York City in 2021 and beyond to power last-minute order processing and provide customers with faster delivery, an Amazon spokesperson said.

It is reported that each delivery station will provide approximately 100 to 150 jobs with a starting wage of $15 per hour and job benefits for workers .

91 % of organizations plan to increase their cybersecurity budgets in 2021

Despite increased IT security investments in 2020, nearly 80% of senior IT security leaders still believe their organizations lack adequate defenses against cyberattacks, according to a new survey commissioned by Insight Enterprises.

Heightened concerns about the ability to defend against cyber threats in today’s complex IT environments have resulted in 91% of organizations planning to increase their cybersecurity budgets in 2021 , according to Insight .

Exports of mechanical and electrical products and labor-intensive products both increased in the first two months

According to customs statistics, in the first two months, China exported 1.85 trillion yuan of mechanical and electrical products, up 54.1%, accounting for 60.3% of the total export value. Among them, automatic data processing equipment and its parts were 233.98 billion yuan, up 68.5%; mobile phones were 149.59 billion yuan, up 49.2%; and automobiles (including chassis) were 27.2 billion yuan, up 93.4%.

During the same period, exports of labor-intensive products amounted to 571.78 billion yuan, up 49.2%, accounting for 18.7%. Among them, clothing amounted to 156.92 billion yuan, up 40%; textiles including masks amounted to 144.44 billion yuan, up 50.2%; and plastic products amounted to 91.15 billion yuan, up 70.5%. In addition, exports of refined oil products amounted to 10.96 million tons, up 1.9%; and steel products amounted to 10.14 million tons, up 29.9%.

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