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▲ Video account attention: cross-border navigation It is learned that in the past year, Amazon and its third-party sellers' retail sales reached 610 billion US dollars, surpassing Walmart's 566 billion US dollars, becoming the world's largest retailer outside of China for the first time.
It is learned that despite increasing market regulatory pressure and Jeff Bezos' resignation as CEO this year, Amazon's growth has continued unabated, with revenue of US$113.1 billion in the latest quarter, easily beating other large technology competitors. Even though Amazon's dominance in e-commerce is as stable as a rock, it still cannot change the fact that it faces antitrust charges from multiple parties. Not only have other countries made many charges against the platform, but even the U.S. House of Representatives has also been increasingly regulating Amazon. Amazon faces antitrust charges May affect the business of third-party sellers It is reported that in June this year, the U.S. House of Representatives Judiciary Committee approved legislation aimed at completely reforming U.S. antitrust laws and increasing supervision of Amazon and other large technology companies. Cross-border navigation Amazon warns third-party sellers: The successful implementation of the antitrust bill will have a significant negative impact on them #Amazon##Cross-border headlines#Cross-border e-commerce video account One of the most radical bills is the Anti-Platform Monopoly Act, which would prohibit platforms from offering products and services that require a fee to access. Amazon has also noticed this recently and contacted some third-party sellers. In the emails Amazon sent to sellers, it warned that the draft legislation being discussed in Congress, once implemented, is likely to have a significant negative impact on the normal sales of small and medium-sized sellers. In response, Amazon stated that this clause will affect Amazon's FBA service. Sellers using FBA will pay Amazon a certain fee to enjoy the warehousing, packaging and transportation services provided by Amazon. For third-party sellers, the importance of this service is self-evident. Using Amazon Logistics can enable sellers to get better rankings in the platform's search results. The bill will not only cause trouble for FBA services, but sellers will also face greater challenges in promoting their products, while reducing product selection and forcing consumers to accept higher prices. Previously, Amazon said in a statement that antitrust legislation would make it more difficult for sellers to make a living and reduce price competition, which could harm consumers. It is reported that the email also requires sellers to hold a conference call with staff from Amazon's public policy team, but the specific content of the conference call is not clear at present. Many sellers complained that it was becoming increasingly difficult to do business on Amazon, especially with so many changes this year. It was no longer easy to get a share of the huge market. As a result, many sellers saw a decline in orders and poor performance, and even big sellers had the same problem. JMET announces first half financial results Revenue decreased by 21.27% year-on-year It is learned that yesterday, Gemtek released its financial report for the first half of 2021. During the reporting period, Gemtek's operating income was 300 million yuan, a decrease of 21.27% compared with the same period last year, and its net profit was 15.54 million yuan, a decrease of 72.67% compared with the same period last year. ▲ The picture comes from Juchao Information Network It is learned that JMET was founded in 2006 and is a high-tech enterprise focusing on the research and development, design, production and sales of mobile smart terminal protective accessories. JMET carefully builds its own brand with fashion and technological connotations, positioning itself in the mid-to-high-end market. Its best-selling products include mobile phone protective cases, tablet protective cases, wearable device protective cases, and watch straps. Although the overall performance has declined, the revenue capacity of GMT's own brands has increased. The report shows that GMT 's own brand business achieved revenue of 120.8137 million yuan, accounting for 40.22% of the total revenue , compared with 35.52% in the same period last year, which is a certain improvement. At the same time, the report also pointed out that there are two main factors affecting Gemtek's performance: one is the change in the downstream industry structure, and the other is the strategic investment in fundraising projects. ▲ The picture comes from Juchao Information Network Affected by the poor performance of the semi-annual report, today's share price of Gemtek closed at 27.25 yuan, down 3.16%. In response, JMET said it will closely monitor changes in the downstream industry market and make targeted adjustments to continue to expand markets and customers, enrich and improve the company's multi-level customer structure, and build a business layout in more regions at home and abroad. In 2021, there have been many negative news about the cross-border e-commerce industry, and there have been many voices that are pessimistic about Amazon and even the cross-border e-commerce industry. However, some cross-border companies have bucked the trend in the market and achieved substantial growth in their business. The booming cross-border e-commerce industry has also attracted many domestic companies to invest and start to lay out their plans in this field. New moves in cross-border track layout ByteDance invests in Zongteng Network Some time ago, a seller discovered that JD.com was quietly recruiting talents related to Amazon operations. Compared with JD.com's low-key layout, another large company's high-profile investment attracted more attention from the outside world. ▲ The picture comes from the Internet I believe that many sellers have heard about ByteDance's move to enter the cross-border e-commerce market, and the news that ByteDance acquired a stake in Paton at the beginning of this year was a bombshell. It is learned that recently, Fujian Zongteng Network Co., Ltd. has undergone industrial and commercial changes, and ByteDance's affiliated company Beijing Quantum Leap Technology Co., Ltd. has been added as a shareholder. I believe that cross-border practitioners are no strangers to Zong Teng Network. Zong Teng Group is a global cross-border e-commerce infrastructure service provider, providing cross-border e-commerce merchants with integrated logistics solutions such as overseas warehousing, dedicated logistics services, product distribution, and supply chain services. In addition to investing in Zongteng Network, ByteDance has been active in its cross-border e-commerce layout this year. On February 26, Shenzhen Starlink Network Technology Co., Ltd. underwent industrial and commercial changes, adding several new shareholders including ByteDance's affiliated company Beijing Quantum Leap Technology Co., Ltd. In March this year, Shenzhen Qianhai Paton Network Technology Co., Ltd. underwent industrial and commercial changes, adding ByteDance's wholly-owned subsidiary Beijing Quantum Leap Technology Co., Ltd. as shareholders. In addition, Internet giants such as Alibaba, Tencent, and JD.com, which also participated in the Paton transaction, have also long joined the cross-border e-commerce field. In the future, whether cross-border will become a new battlefield for Internet giants to compete, we can also wait and see.
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