TikTok Shop UK surpasses 300,000 merchants, livestream GMV grows 55% year on year
TikTok Shop Japan user base grows more than 30 times in one year, livestreams contribute around 60% of content-driven GMV
Temu avoids antitrust investigation in Turkey, fined $78,000 for failing to cooperate with inspection
AliExpress becomes fastest-growing brand among US Gen Z consumers, surpassing Lululemon
Lazada Introduces New Technical Support Fee Across Five Markets Starting August 17
QiAn Technology lists on Beijing Stock Exchange, market capitalization exceeds RMB 5.8 billion
UGREEN invests RMB 1.08 billion to acquire Shenzhen land, further advancing brand strategy
Yiwu cross-border e-commerce transaction volume surpasses RMB 100 billion in first half of year
Moushen Intelligence Secures Nearly RMB 100 Million in Additional Pre‑A‑Round Financing
Zhigu Tianchu Secures Nearly RMB 100 Million Financing Led by China Merchants Venture
TikTok Shop UK surpasses 300,000 merchants, livestream GMV grows 55% year on year
According to the latest data from TikTok Shop, more than 300,000 UK small and medium-sized businesses are now selling products on the platform. Livestream shopping continues to expand, with livestream sales increasing 55% year on year over the past year. The UK market now hosts more than 6,000 livestream sessions daily. A Public First report showed that 85% of UK TikTok businesses have worked with creators, while 57% have used creator-generated content in paid advertising campaigns. Meanwhile, TikTok Shop’s GMV in Singapore increased 1.7 times year on year, with monthly active buyers growing 1.6 times. (ENN)
TikTok Shop Japan user base grows more than 30 times in one year, livestreams contribute around 60% of content-driven GMV
One year after launching in Japan, TikTok Shop data shows that the platform’s user base has grown more than 30 times compared with the initial launch period as of June 2026. More than 70% of total merchandise sales come from content-driven consumption channels such as short videos and livestreams, with livestream shopping accounting for around 60% of content-related GMV. The age structure of users has also become more balanced, with users aged 35 and above accounting for around 60%. (Suzhou Cross-border)
Temu avoids antitrust investigation in Turkey, fined $78,000 for failing to cooperate with inspection
Turkey’s Competition Authority has completed its preliminary review of Temu and decided not to launch a formal antitrust investigation into allegations that the platform interfered with sellers’ pricing. However, Temu was fined approximately $78,100 (3.696 million Turkish lira) for failing to cooperate during a regulatory inspection. When regulators visited Temu’s Istanbul office on January 21, 2026, they found the office closed and no staff available to assist. The company also failed to submit revenue information within the required timeframe. (Chuhai Pai)
AliExpress becomes fastest-growing brand among US Gen Z consumers, surpassing Lululemon
The 2026 Q2 Gen Z Brand Tracker released jointly by Ad Age and The Harris Poll showed that AliExpress’ overall brand score increased by 17.2 points quarter over quarter to 52.5. The platform surpassed popular US brands including Lululemon, Grok and Shake Shack, becoming the fastest-growing e-commerce brand in terms of appeal among Gen Z consumers in the United States. (ENN)
Lazada Introduces New Technical Support Fee Across Five Markets Starting August 17
Lazada has announced that effective August 17, 2026, a new “Technical Support Fee” will be applied to all cross‑border orders in Malaysia, Singapore, Thailand and Vietnam, as well as 3PF‑fulfilled orders on the Philippines site. The fee will be automatically deducted at a fixed percentage of completed order sales revenue, with corresponding taxes calculated and added by the system. As a transitional measure, eligible merchants will receive complimentary LSS ad vouchers and SVC joint‑venture vouchers in the initial phase of implementation. For Malaysia, Singapore, Thailand and Vietnam covering all cross‑border orders, the rebate cap shall not exceed 4% of sales revenue; for Philippine 3PF orders, the cap is set at 2%. (ENN)
QianAn Technology lists on Beijing Stock Exchange, market capitalization exceeds RMB 5.8 billion
Shenzhen QianAn Technology Co., Ltd. has officially listed on the Beijing Stock Exchange, with a market capitalization of approximately RMB 5.866 billion. According to its prospectus, the company recorded revenue of RMB 1.4 billion, RMB 1.667 billion and RMB 1.981 billion respectively from 2023 to 2025, representing a compound annual growth rate of approximately 18.95%. Meanwhile, net profit growth accelerated, with profit growth rates reaching 49.53% in 2024 and 52.24% in 2025. (Ebrun)
UGREEN invests RMB 1.08 billion to acquire Shenzhen land, further advancing brand strategy
Shenzhen-based 3C cross-border seller UGREEN announced that its wholly owned subsidiary Zhongzhi Property acquired three parcels of ordinary industrial land in Longhua District, Shenzhen, for approximately RMB 27.48 million. Covering a total area of 28,529.79 square meters, the project is expected to involve a total investment of RMB 1.08 billion to build self-use office and operational facilities. (Yugou)
Yiwu cross-border e-commerce transaction volume surpasses RMB 100 billion in first half of year
In the first half of 2026, Yiwu recorded total e-commerce transactions of RMB 324.093 billion, up 9.62% year on year. Among them, cross-border e-commerce transactions reached RMB 100.084 billion, increasing 11.25% year on year and exceeding RMB 100 billion for the first time in a six-month period.
Yiwu Global Digital Trade Center has launched the “Starry Night Livestream” strategy, covering nearly 700 merchants and hosting nearly 5,000 livestream sessions in total, using major e-commerce platforms to reach overseas and domestic markets. (Tide News)
Moushen Intelligence Secures Nearly RMB 100 Million in Additional Pre‑A‑Round Financing
Moushen Intelligence is a developer of embodied‑intelligence technologies, focusing on the research and development of generative and lightweight general‑purpose embodied brains. Its core offerings include MotionGPT, a large‑scale model for human‑motion generation and control, and MotionChain, a conversational motion controller. The firm has recently closed nearly RMB 100 million in top‑up Pre‑A‑round financing. Prior to this round, Moushen Intelligence had secured RMB 300 million in its Pre‑A round. Proceeds from this top‑up round will continue to fund edge‑side embodied‑brain development, motion‑model research, and real‑world‑scenario deployment capabilities. (Ebrun)
Zhigu Tianchu Secures Nearly RMB 100 Million Financing Led by China Merchants Venture
Recently, Zhigu Tianchu, an intelligent‑cooking‑robot enterprise, announced the completion of its new round of nearly RMB 100 million strategic financing. This round is led by China Merchants Venture, with Jump Capital participating as a follower investor. Existing shareholders including Qiming Venture Partners and Qifu Capital made over‑subscribed additional investments. Following the financing, the company will keep advancing physical‑AI R&D and accelerate the global deployment of Chinese and pan‑Asian catering solutions. (Ebrun)