China to establish BRICS New Industrial Revolution Partnership Innovation Base in Xiamen

On November 17, the 12th BRICS leaders' meeting was held by video. President Xi Jinping attended and delivered an important speech. Xi Jinping emphasized that China is willing to work with all parties to speed up the construction of the BRICS partnership for the new industrial revolution, and will establish an innovation base for the partnership of the BRICS new industrial revolution in Xiamen, Fujian Province, to carry out policy coordination, personnel training, project development and other fields. Cooperation.

Civil Aviation Administration issues circuit breaker instructions for multiple inbound flights

According to the website of the Civil Aviation Administration, on November 18, the Civil Aviation Administration issued multiple circuit breaker orders, and since November 23, the circuit breaker has been implemented on multiple flights of Air France and other airlines.

According to the Civil Aviation Administration of China, Air France will suspend the operation of the flight for 1 week from November 23; Indonesia Air Sulawesa will suspend the operation of the SJ3184 (Jakarta to Hangzhou) flight for 1 week from November 23, and cancel the SJ3124 (Jakarta-Wuhan) flight; KLM will suspend the flight for 1 week from November 23; Pakistan International Airlines will suspend the flight for 1 week from November 23; Ethiopian Airlines will suspend the flight from November 23 From the 23rd, the flight operation will be suspended for 4 weeks. The flights of the above five airlines before November 23 can continue to be executed. If the circuit breaker mechanism is triggered during the period, the circuit breaker time will be accumulated.

US trademark official fees increase, officially implemented on January 2, 2021

On November 17, the United States Patent and Trademark Office (USPTO) announced its decision to adjust the trademark fees, and the new fees will be implemented on January 2, 2021. This is the first time the Trademark Office has raised fees in the past three years. 

The USPTO stated that the overall strategy of the Final Rule is to balance a reasonable and affordable fee schedule with sufficient multi-year revenue to recover the total cost of maintaining USPTO trademark-related business and achieving USPTO trademark-related strategic goals. The final rule enables the USPTO to continue to improve the quality of trademark examination, invest in the modernization of trademark information technology systems and infrastructure, and provide stability to USPTO operations even during times of financial volatility.

Mercado Libre's third-quarter earnings report is here, with net income up 85% year-on-year

MercadoLibre recently released its third quarter financial report for 2020. Net income for the third quarter was $1,115.7 million, up 85.0% year over year in U.S. dollars and 148.5% in constant currency: a direct result of the fact that online commerce continues to accelerate with record growth rates.

Gross profit for the quarter was $480.2 million, representing a profit margin of 43.0%, compared to 47.2% in the same period last year. Profit before tax at the end of the quarter was $52.7 million. Net income for the quarter totaled $15 million.

Shopee 2020 Q3 orders increased by 130.7%, 12.12 big promotion calendar and hot products to follow the victory

Recently, Shopee released the 11.11 promotion and achieved another record: a total of 200 million products were sold on the entire platform, the number of in-app game experiences exceeded 2.5 billion, and the viewing time of Shopee Live was up to 20 million hours. The multi-dimensional interactive experience helped sellers easily explode orders.

This week, Shopee continued to write brilliantly: the total number of orders in Q3 increased by 130.7% year-on-year, including the total downloads of shopping apps in Southeast Asia and Taiwan, the number of average monthly active users and the time spent by Android users, and the total number of downloads among shopping apps in the world. Quantity ranks second. Meanwhile, Shopee, the largest e-commerce platform in Indonesia, recorded over 310 million total orders in the third quarter of 2020.

Amazon's warehouse restrictions policy will have major changes in December

Recently, Amazon announced that the platform will continue to manage inventory performance to ensure sufficient storage space during the holidays. The ASIN quantity limit policy is still in effect, and Amazon will continue to evaluate the storage capacity and make corresponding adjustments to leave as much space as possible for sellers' products.

With Black Friday and Cyber ​​Monday approaching, sellers have already asked about storage limits based on inventory performance volume metrics. Amazon responded in the form of an announcement saying that it will continue to evaluate buyer demand and the platform’s supply chain under the new crown pneumonia epidemic, and will provide further guidance to sellers in mid-December. That said, another major change to Amazon's warehouse restrictions will come in mid-December.