Integrating the sites of five countries, TikTok Shop launched a big promotion in Southeast Asia!
NO.1 TikTok Shop launches promotional activities in Southeast Asia
It is understood that TikTok Shop is about to start the 99 promotion in Southeast Asia, and integrates the promotion resources of five national sites including Malaysia, Singapore, the Philippines, Vietnam and Thailand, and launches related traffic resources, preferential policies and gameplay.
The activities of each country are as follows: Philippines and Malaysia from September 5th to September 10th, 2023; Singapore and Vietnam from September 6th to September 10th, 2023; Thailand from September 7th to September 10th, 2023. At present, the official registration channel has been officially opened.
NO.2 Germany's July merchandise exports fell by 0.9% month-on-month
According to the latest data released by the German Federal Statistical Office on September 4, local time, after adjusting for working days and seasons, the export value of German goods in July was 130.4 billion euros, a decrease of 0.9% month-on-month; the import value was 114.5 billion euros, an increase of 1.4% month-on-month %.
Compared with July 2022, Germany's merchandise exports and imports in July decreased by 1.0% and 10.2% year-on-year, respectively. Specifically, Germany's exports and imports to EU member states rose by 0.5% and 2.9% month-on-month in July; exports and imports to countries and regions outside the EU fell by 2.5% and 0.2% month-on-month, respectively.
NO.3 US toy market e-commerce sales will reach 94.6 billion US dollars
According to Insider Intelligence's forecast, e-commerce sales in the US toy market will reach US.66 billion this year, a year-on-year increase of 10.0%.
This market size will reach USD 151.75 billion by 2027. The growth in toy sales can be attributed to rising interest among children, growing influence of online platforms, and growing audience of older adults.
NO.4 South Korea's inflation accelerated, consumer prices rose by 3.4% year-on-year
South Korea's inflation rate was higher than expected in August, due in part to higher energy costs, raising the possibility that the central bank will leave the door open to further policy tightening to stem rising prices.
Consumer prices rose 3.4% year-on-year, Statistics Korea said on Tuesday, faster than the 2.3% increase in July and the expected 2.9%. The Bank of Korea reserved the possibility of a potential rate hike until it believed price pressures were well under control. The bank's Monetary Policy Committee raised its key interest rate by 300 basis points from 2021 and has been on hold since the last hike in January.
NO.5 Brazilian pulp company's export to China uses RMB for settlement for the first time
According to Brazilian media reports, Brazilian pulp company Eldorado (ELDORADO) used RMB as the trade settlement currency for the first time when exporting pulp to China. The company's first batch of export containers to China was shipped to China on August 25.
Fernandos, chief financial officer of Eldorado, said that the settlement in RMB is a new attempt for the company. Founded in 2010, Eldorado is one of the most competitive companies in the Brazilian pulp industry. 40% of the pulp produced by the company is sold to China.
