TikTok Shop U.S. to Pilot Bargaining and Group Buying in September
Three Major Chinese Cross-Border E-Commerce Platforms Account for 75% of Online Orders in Israel; Amazon Has Just 6%
EU Small-Parcel Tariffs Hit Chinese Cross-Border Platforms in France
AliExpress Brand+ Surges 97% in the EU Despite New Tariffs
PDD Holdings Reports 8% Revenue Growth and 12% Profit Decline in Q2 as Temu Accelerates Localization
Anker to Consolidate Global Sub-Brands, Bringing Soundcore and Eufy Under the Anker Master Brand
Insta360 Reports RMB 5.5 Billion in H1 Revenue as Net Profit Plunges 94%
UGREEN Reports RMB 5.821 Billion in H1 Revenue, Up 50.92%
Hicredit Reports 349% Surge in H1 Net Profit as General-Merchandise Business Accounts for Nearly 70%
Loctek Reports RMB 3.179 Billion in H1 Revenue as Net Profit Plunges 83%
Bambu Lab Denies Reports of 2027 IPO Plans
Dreame Announces Strategic Retrenchment, Focusing on Four Core Areas Including Embodied AI
Dreame Robot Vacuums Post Triple-Digit Growth in Emerging Markets for Two Consecutive Years
TikTok Shop U.S. to Pilot Bargaining and Group Buying in September
TikTok Shop U.S. will begin internal testing of two new livestream shopping formats, “Bargaining” and “Group Buying,” on September 10, following the initial success of auction-style livestreams.
The new features are designed to turn discounts from static price tags into dynamic, participatory pricing. Under the bargaining model, viewers can interact to gradually lower the price of a product. Group buying, meanwhile, allows users to unlock a “surprise price” by inviting others to join the group, turning an individual purchase into a social activity. (ENN)
Three Major Chinese Cross-Border E-Commerce Platforms Account for 75% of Online Orders in Israel; Amazon Has Just 6%
According to Shop Analytics, AliExpress, Temu and SHEIN together accounted for approximately 75% of Israeli consumers’ online orders in June 2026, while Amazon held just a 6% market share.
Despite attempts to enter the market through local sellers and delivery programs, Amazon has struggled to achieve sufficient scale in Israel, where the overall market is relatively small and competition is intense. (ENN)
EU Small-Parcel Tariffs Hit Chinese Cross-Border Platforms in France
Data from French shopping app Joko shows that Chinese cross-border e-commerce platforms have been hit by the EU’s new small-parcel tariffs.
Since July 1, the EU has imposed a fixed €3 tariff per category of goods on cross-border parcels valued below €150. Following the policy change, Temu’s July sales in France fell 38% month over month, while unit sales declined 50%. DHgate’s sales dropped 41%, with units down 43%; AliExpress sales fell 27%, with units down 37%. SHEIN recorded the smallest decline, with sales down 22% and units down 15%. (Growth Factory)
AliExpress Brand+ Surges 97% in the EU Despite New Tariffs
Against the backdrop of EU tax reforms, AliExpress’s Brand+ business has shown strong resilience. During its August promotional campaign, Brand+ branded merchandise grew 97% year over year in the EU market.
Supported by Brand+, AliExpress has been relatively less affected by the new tariffs. Data from French price-comparison platform Joko shows that among the four major Chinese cross-border platforms, Temu suffered the largest impact, with orders falling by approximately half, while AliExpress and SHEIN were affected to a lesser extent.
As overseas regulation and tax reforms accelerate the restructuring of cross-border e-commerce, AliExpress is shifting from a platform focused on lightweight, low-value goods toward a more important destination for brands and higher-ticket products. (E-Commerce Daily)
PDD Holdings Reports 8% Revenue Growth and 12% Profit Decline in Q2 as Temu Accelerates Localization
PDD Holdings reported second-quarter 2026 revenue of RMB 112.36 billion, up 8% year over year, while net profit attributable to shareholders fell 12% to RMB 27.2 billion.
The EU’s removal of the tariff exemption for parcels valued below €150, effective July, and the introduction of a fixed €3 tariff per item have directly impacted Temu’s European business. Europe accounts for roughly one-third of Temu’s GMV, while Sensor Tower data shows that Temu’s monthly active users in the EU fell 30% year over year in July.
To mitigate the impact of tariffs, Temu is simultaneously advancing three localization initiatives: onboarding local merchants, expanding local warehousing and delivery networks, and increasing local sourcing and fulfillment. The company aims to have more than 80% of European orders fulfilled from local warehouses by the end of 2026.
PDD Holdings said that as the global trade and regulatory environment evolves, the platform has a responsibility to build a more sustainable cross-border e-commerce ecosystem. (WaveGlocal)
Anker to Consolidate Global Sub-Brands, Bringing Soundcore and Eufy Under the Anker Master Brand
Anker has announced a major global brand strategy adjustment. Throughout 2026, the company plans to gradually unify its charging brand Anker, audio brand Soundcore and smart-home brand Eufy under the single “Anker” master brand worldwide.
The strategy was inspired by a successful test in Japan, where the local team added “by Anker” to the sub-brands, significantly improving overall brand recognition.
The move is designed to extend the brand trust Anker has built in charging products into a broader range of smart hardware categories.
However, a unified brand also means greater concentration of reputational risk. Quality issues affecting any single product line could potentially damage the reputation of the entire Anker brand, placing greater pressure on the company’s quality-control systems. (New Intelligence Unicorn)
Insta360 Reports RMB 5.5 Billion in H1 Revenue as Net Profit Plunges 94%
Insta360 reported revenue of RMB 5.516 billion in the first half of 2026, while net profit attributable to shareholders fell 94.15% year over year to just RMB 30 million. Non-recurring adjusted net profit turned to a loss of RMB 153 million, while operating cash flow recorded a net outflow of RMB 2.761 billion.
The decline was primarily attributed to higher raw-material costs and increased investment in new categories, including panoramic drones and AI microphones.
On the hardware side, cumulative global shipments of Insta360’s panoramic and action cameras have surpassed 10 million units. Overseas markets accounted for 63.4% of revenue. Monthly active users of its app increased 67%, while paid cloud-storage users grew by more than 124%. Its “Moment Pro” AI editing feature achieved a 60% export rate. (WaveGlocal)
UGREEN Reports RMB 5.821 Billion in H1 Revenue, Up 50.92%
UGREEN reported first-half 2026 revenue of RMB 5.821 billion, up 50.92% year over year. Net profit attributable to shareholders reached RMB 431 million, an increase of 56.90%.
Overseas revenue surged 69.42% to RMB 3.888 billion, accounting for nearly 67% of total revenue. Within online channels, Amazon alone generated RMB 2.28 billion in revenue, up 71.78% year over year and accounting for nearly 40% of online revenue.
Its core categories continued to grow steadily, including charging products at RMB 2.667 billion (+50.02%), smart office products at RMB 1.5 billion (+45.35%), and smart audio-visual products at RMB 877 million (+39.20%).
NAS smart storage emerged as a new growth engine, generating RMB 770 million in revenue, up 85.53%. Gross margin rose to 39.18%, an increase of 2.2 percentage points, while R&D spending doubled to RMB 349 million. (WaveGlocal)
Hicredit Reports 349% Surge in H1 Net Profit as General-Merchandise Business Accounts for Nearly 70%
Hicredit reported revenue of RMB 3.976 billion in the first half of 2026, down 12.38% year over year. However, net profit surged 349.09% to RMB 165 million.
Through its Ebang Network and TONGTUO Network subsidiaries, the company operates cross-border e-commerce businesses across three segments: general merchandise, premium products and the Yimai platform.
General merchandise generated RMB 2.657 billion in revenue, accounting for 66.81% of the total and covering more than a dozen categories, including home and garden products, with more than one million SKUs.
The premium-products segment generated RMB 996 million, or 25.04% of total revenue, focusing on high-potential categories such as pet products. Its average order value reached RMB 307. (ENN)
Loctek Reports RMB 3.179 Billion in H1 Revenue as Net Profit Plunges 83%
Loctek reported first-half 2026 revenue of RMB 3.179 billion, up just 1.11% year over year. Net profit attributable to shareholders, however, fell 83.43% to RMB 21.38 million.
Non-GAAP net profit dropped 96.23% to RMB 2.96 million.
The sharp decline in profitability was primarily caused by foreign-exchange losses resulting from the appreciation of the renminbi. Loctek recorded an FX loss of RMB 77.84 million during the period, compared with an FX gain of RMB 46.03 million in the same period last year, creating a negative swing of approximately RMB 124 million and pushing financial expenses to RMB 151 million. (ENN)
Bambu Lab Denies Reports of 2027 IPO Plans
Reports recently claimed that Bambu Lab planned to begin the IPO process in 2027. If it proceeded as reported, the company would become the third major maker company since 2026 to clearly move toward the capital markets.
A person close to Bambu Lab, however, told reporters that the information was untrue. (Jiemian News)
Dreame Announces Strategic Retrenchment, Focusing on Four Core Areas Including Embodied AI
Dreame Technology has issued a statement outlining its strategic focus and business development plans, announcing adjustments to some businesses that remain in the exploratory stage.
The company said that based on its overall strategic planning and the different stages of development of its businesses, it has recently adjusted several exploratory initiatives. Relevant technological capabilities, research results and resources will be integrated into its existing businesses and R&D system according to actual needs.
Going forward, Dreame plans to concentrate its resources on four core areas: smart homes, outdoor and garden products, smart mobility, and embodied AI. (E-Commerce Daily)
Dreame Robot Vacuums Post Triple-Digit Growth in Emerging Markets for Two Consecutive Years
Dreame’s robot vacuum business has entered a period of rapid growth in emerging markets.
According to the company, Dreame has established a presence across key strategic markets, including Turkey, the UAE, Saudi Arabia, India, Brazil, Mexico and Chile. In Brazil, the UAE and Mexico, Dreame robot vacuums have maintained the No. 1 market share for an extended period.
In 2024 and 2025, Dreame’s robot vacuum business in emerging markets grew 39% and 173% year over year, respectively. (Growth Factory)