Shopify has announced its financial results for the 3rd quarter gross profit has increased 50% from the same period of the previous year

On October 28, Canada's online shopping major Shopify announced its financial results for the 3rd quarter of 2021. Sales increased 46% from the same period of the previous year to 1.123 billion dollars (approximately 127.5 billion yen), gross profit increased 50% from the same period of the previous year to 60.89 million dollars (approximately 68.9 billion yen), and GMV (guaranteed minimum value) increased 35% from the same period of the previous year to 41.8 billion dollars (approximately 4.7279 trillion yen). It is said that Shopify has launched "Shopify Markets" a new solution in September 2021 and started full-scale cross-border e-commerce support. In addition, they have expanded the alliance with the short video "TikTok" and started to provide new shopping functions to sellers in some regions who have accounts for the advertising platform "TikTok For Business." This allowed sellers to add a "shopping" tab to TikTok's profile, allowing customers to purchase products directly within the app.

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【2021年EC業界ニュース】中国最大級のイベント「ダブルイレブン」が終了、アリババの取引高は9兆円超 ほか

トランスコスモス調査部が厳選するEC業界ニュース。今週の注目トピックはこちら。 ・中国最大級のイベント「ダブルイレブン」が終了、アリババの取引高は9兆円超 ・韓国ネット通販大手のクーパン、第3四半期の決算を発表。多額の投資で赤字継続

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LINE has Started an Online Store Creation Service Outsourced by "NAVER"

On October 21, a subsidiary of Z Holdings, and a major online service "LINE" announced that they were outsourced by "NAVER," a major Korean online shopping company to create an online store "MySmartStore," and LINE had started its operation. By using this service, an official line account will be opened for each store, and information such as chat functions and trends in top-selling products will be provided to consumers. Although the initial cost is free, introduced store must pay a sales commission and a settlement commission. Full-scale rollout of the service is scheduled for spring 2022, and if owners apply for the use by March of the same year, no sales commission will be charged. As of October 20, about 10 stores, including sweets specialty stores, have begun pre-use.

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US Walmart Launched New Service for Ordering Products via Text Chat

US "Walmart" has announced that it has launched a trial service called "Walmart Text to Shop" to order products via text chat. Specifically, AI analyzes text messages from users to order products, and also recommends products suitable for the users through the learning function. The users can also change the product, specify the delivery date and time by text message. The users can confirm the order details after purchase with the Walmart app. The service is being rolled out as a beta version in some areas, and they plan to expand the area of use in the future based on customer reactions.

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Payoneer, US Digital Payment Service, has Partnered with South Korea Coupang

On October 25, "Payoneer," a US digital payment service provider, announced that it would partner with a major online shopping company South Korea "Coupang." "Coupang" currently has more than 17 million customers and plans to expand its cross-border business by leveraging Payoneer's technology for its payment capabilities. Payoneer currently has services in multiple countries, including Japan, the United States and China. They explained that new market development is needed to maintain its position as an innovator in the digital commerce field. It is expected that the business will expand rapidly in the Korean market through the alliance with Coupang, which is called "South Korea Amazon."

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Walmart Will Launch Year-end Sale ahead of November 3

On October 18, US retail major "Walmart" announced that it would launch a large one-month year-end sale on November 3. It will start online from November 3, and will start from November 5 at physical stores. In addition, in order to increase the number of a "paid membership plan" , through the sale, Walmart announced that the privilege of "Walmart+" members is that they can access the online sale 4 hours earlier than non-members. Behind this year's sale ahead of schedule is the aim of avoiding product shortages due to distribution problems, in addition to avoiding coinciding with the sale period of rival Amazon. The company has started a pre-sale from October 18 prior to the year-end sales season.

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