1. Zhang Yiming denies matters related to the acquisition of TikTok.

On March 12th, it was reported that Bobby Kotick, former CEO of video game publisher Activision Blizzard, had approached potential partners such as OpenAI with the idea of acquiring TikTok and had also contacted Zhang Yiming, CEO of ByteDance, expressing interest in acquiring it. In response to the news that "former CEO of Activision Blizzard intends to acquire TikTok," ByteDance stated that the report was untrue and, upon verification, the company's founder Zhang Yiming had not discussed any related matters with anyone.

Source: ByteDance

2. Amazon Germany Launches New Features for Recommended Actions and Key Phrases.

On March 12th, Amazon Germany announced the launch of two new features on the Customer Voice Dashboard: Recommended Actions and Key Phrases. According to the announcement, the Customer Voice Dashboard will group products requiring more attention based on "poor" and "very poor" health ratings, thereby highlighting these products. The new features provide specific suggestions on how to improve merchants' listings and obtain more customer feedback.

Source: Amazon Germany

3. SEWEI's 2023 Annual Revenue Reached 6.564 Billion Yuan.

On March 12th, SEWEI Technology Co., Ltd. released its 2023 annual performance report. The report shows that during the reporting period, the company achieved a total operating income of 6.564 billion yuan, a year-on-year increase of 33.70%; achieved a total profit of 390 million yuan, a year-on-year increase of 84.47%; and achieved a net profit attributable to shareholders of listed companies of 339 million yuan, a year-on-year increase of 83.23%.

Source: SEWEI

4. Metao officially becomes an Amazon TSPN service provider.

On March 12th, Metao became an Amazon TSPN service provider, focusing on safety and stability as the core of its products, providing multi-modal intermodal logistics solutions with full-time efficiency coverage for Amazon sellers.

TSPN (Transparency Service Provider Network) is a medium- to long-term cooperation plan between Amazon's global store brand protection team (CNBPS) and service providers, aiming to provide sellers with better brand protection and growth-oriented services and experiences.

Service providers joining TSPN will be able to access a range of benefits and resources provided by Amazon's global store brand protection team, enabling them to help sellers expand their businesses and provide better services.

Source: Metao Supply Chain

5. Australia announces: will eliminate tariffs on nearly 500 products.

On March 12th, the Australian government announced that it will permanently abolish tariffs on nearly 500 imported products starting July 1st. The related imported products include toothbrushes, tools, refrigerators, washing machines, dishwashers, toasters, electric blankets, sanitary products, and clothing, among other household essentials.

Australian Treasurer Jim Chalmers said it was the largest unilateral tariff reform in at least 20 years. The tariff removal will simplify annual trade worth nearly AUD 8.5 billion (approximately USD 5.62 billion) and save businesses over AUD 30 million in compliance costs annually, reducing living costs for Australian families by over AUD 120 million over the next four years.

Source: Yunququ

6. Korean Air launches regular cargo flights from Seoul to Zhengzhou to Chicago.

On March 12th, a Korean Air B777 freighter landed smoothly at Zhengzhou Airport and flew directly to Chicago with 95 tons of e-commerce goods two hours later, marking the official launch of the regular cargo route from Seoul to Zhengzhou to Chicago. This is also the first intercontinental direct regular cargo route operated by Korean Air at Zhengzhou Airport.

Source: Air Cargo News Express

7. Huapengfei: Signs Strategic Cooperation Framework Agreement with RRD Supply Chain.

On March 12th, Huapengfei Co., Ltd. announced that it had signed a strategic cooperation framework agreement with RRD Supply Chain Technology Co., Ltd. According to the agreement, Huapengfei, as RRD Supply Chain's cross-border logistics service team, will be entrusted to undertake RRD Supply Chain's cargo transportation tasks, including but not limited to cross-border truck transportation services, cross-border sea transportation services, and cross-border railway transportation services; Huapengfei will provide customized solutions for RRD Supply Chain to assist RRD Supply Chain in reducing costs and increasing efficiency.

Source: Daily Economic News

8. Russia's e-commerce potential explodes.

On March 12th, Yandex Market and market research company GfK Rus jointly released a survey report on Russia's internet shopping trends. The data shows a significant increase in the number of Russian online shoppers over the past year, with 67% of internet users now shopping online. Last year, 39% of Russians searched for discounts and promotions on online markets every week, and 38% of consumers visited online stores to enjoy their time and find interesting products.

Source: Yandex Market and GfK Rus

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