Facebook changes its name to Meta, and Wal-Mart adds 5,000 Chinese sellers in 2021!

4 min readNov 1, 2021

India continues to impose anti-dumping duties on seamless steel pipes and hollow sections from China

On October 28, 2021, the Taxation Bureau of the Ministry of Finance of India issued a notification №64/2021-Customs (ADD), accepting the Ministry of Commerce and Industry of India on July 30, 2021, on July 30, 2021, except for cast iron and stainless steel. Iron, alloy or non-alloy seamless steel pipes and hollow profiles made the first anti-dumping sunset review affirmative final ruling recommendation, that is to continue to impose a five-year anti-dumping duty on the products involved in the case in China, the tax amount is the import commodity declaration price (provided that Below the minimum price) and the difference between the minimum price, the minimum price is 961.33 US dollars / metric ton ~ 1610.67 US dollars / metric ton. This measure will take effect from the date this notification was published in the official gazette. The products involved are seamless steel pipes and hollow sections with an outer diameter of no more than 355.6 mm or 14 inches, whether hot-rolled, cold-drawn or cold-rolled, and involve products under the Indian Customs Code 7304.

The postal market in the first three quarters of 2021 maintains a high level of operation

In the first three quarters, the total business volume and business income of the postal industry reached 981.54 billion yuan and 927.93 billion yuan, an increase of 29.3% and 18.7%, respectively, an increase of 2.2 and 5.1 percentage points from the same period last year. Among them, the express business volume and revenue were 76.77 billion pieces and 743.08 billion yuan, an increase of 36.7% and 21.8% respectively. Affected by the base factor of last year, the development of the industry showed a trend of “high in the front and low in the back, gradually returning”.

Google and Hugo officially launched [Guoge Creation Camp]

On October 28, 2021, at the Google office in Shenzhen, Google and Hugo Cross-border officially launched the [Guoge Creation Camp] project, striving to create the strongest IP lineup in the cross-border e-commerce independent website industry. This [Guoge Creation Camp] offline launch event specially invited 20 senior observers who are closely connected with Google in the cross-border field to share how Google and its products mobilize multiple resources based on their own experience to help seed KOLs play multiple cross-borders Identity, to realize the creation and realization of personal IP.

At the event, Lydia, Channel Director of Google’s Greater China Agency Management Department, introduced the original intention of the establishment of [Guoge Creation Camp]. She said: “Google looks forward to building the first in the cross-border e-commerce field through the [Guoge Creation Camp] project. A Google professional content creation space led by two groups of industry forward-looking sellers and actual operators, gradually enriching the Google content ecology of the cross-border market.

Cross-border communication in the third quarter: revenue lost half year-on-year, profit was negative

On October 28, Cross-border Communication released its Q3 financial report, showing that in the third quarter of this year, its revenue was about 1.93 billion yuan, which was a half year-on-year decrease. At the same time, the net profit decreased more severely, only 64 million yuan.

It is reported that as of September this year, the total revenue of Cross-border Communication was 7.532 billion yuan and the net profit was 490 million yuan. Among them, the major reason for the shrinking revenue and profits is the stagnation of Shenzhen Global Tesco’s business and the sale of Patton.

Facebook changed its name to Meta

At the Facebook Connect meeting on October 28th, local time in the United States, Zuckerberg announced that #Facebook was renamed Meta#. He showed the scene of working in the meta universe: colleagues can be called to discuss face-to-face at any time; virtual meetings can be built anywhere And enter as an avatar; say goodbye to commuting and work in a virtual studio.

Thrasio receives another $1 billion in Series D financing

Thrasio has received another $1 billion in Series D financing! It is understood that this round of financing was led by Silver Lake. At present, Advent International, the largest holding institution, and Upper90, Oaktree Capital Management, LP, Peak6, Corner Capital, etc. also participated in the investment. .

Regarding the purpose of this latest financing, the relevant person in charge of Silver Lake Capital stated that most of the funds will be used to help Thrasio make more investment acquisitions.

Wal-Mart’s global e-commerce adds 5,000 Chinese sellers to settle in

According to foreign media sources, since Wal-Mart’s global e-commerce opened to international sellers in March, 5,000 Chinese sellers have entered the market, accounting for more than 10% of all new sellers.

In October of this year, 20% of all new Wal-Mart sellers were from China. Although this number is still slightly inferior to Amazon, the overall proportion is expected to continue to rise.

eBay Fulfillment launches fourth quarter reward plan

It is reported that the fourth quarter reward program will continue to vigorously assist sellers in Greater China to participate in the eBay fulfillment by Orange Connex site service program in Germany, the United Kingdom and Australia starting from November 1. During the event, eBay sellers who participated in the eBay fulfillment by Orange Connex service plan for the first time can receive up to $30,000 worth of rewards!

Lege’s Q3 revenue rose by 19.97%, and its net profit shrank by half year-on-year

On October 28, Lege’s Q3 financial report showed that in the third quarter of this year, revenue was about 703 million yuan, up 19.97% year-on-year, but net profit decreased by more than half (-57.58%) year-on-year to only 39.58 million yuan.

In the first three quarters, the company achieved operating income of 2.1 billion yuan, a year-on-year increase of 72.27%; net profit attributable to shareholders of listed companies was 123 million yuan, a year-on-year decrease of 23.46%.

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