Hong Kong Customs announced on Monday ( Apr 8 ) that it had seized 146kg of the priceless metal at the city’s international airport in what was thought to be air compressor parts, making it the biggest gold smuggling bust ever. The seized gold was intercepted past quarter in twoContinue Reading
Ver n’s, which has over 60 locations in Malaysia, apologized in a statement on Sunday, clarifying that the logo layout for its collection of high heels may be “misinterpreted,” and that the shoes was a stylized representation. It stated,” We acknowledge that the logo design has flaws that could leadContinue Reading
Rampur: While more than half of the population of Rampur, India, is Muslim, its member of parliament has a steadfast support for Prime Minister Narendra Modi’s toned Hindu-first agenda. Many in the Hindu-majority state of India view victory for Modi’s ruling Bharatiya Janata Party ( BJP) as a recipe forContinue Reading
PUSHBACK China’s evil finance minister, Liao Min, told Chinese press that Beijing “has completely responded” to US concerns on overcapacity and expressed “grave problem” over regulations Washington imposes on trade and investment. Liao said China’s” present competitive advantages are rooted in China’s big- scale market, full business system and abundantContinue Reading
Finance Minister Lan Foan and Premier Li Qiang had lengthy discussions about the subject, according to Yellen, who likewise met with Yellen on Sunday. She met People’s Bank of China ( PBOC ) governor Pan Gongsheng and former vice premier Liu He on Monday. According to Treasury officials, the USContinue Reading
The second homegrown spy satellite launched from the John F. Kennedy Space Center in Florida on Monday ( Apr 8 ), according to South Korea’s defense ministry, had successfully launched on a SpaceX Falcon 9 rocket. The release, which comes after Seoul’s first detective telescope was put into orbit fromContinue Reading
“IRONCLAD” To combat China’s growing effect, the United States has fought to increase military cooperation with its allies in the area. Major US officials have repeatedly declared the United States ‘ “ironclad” commitment to defending the Philippines, a treaty alliance, against an military assault in the South China Sea- toContinue Reading
Cross-border e-commerce from China to the West is no new because China has the largest manufacturing base for consumer products worldwide.
Chinese businesses started leveraging cheap shipping and online credit card payments to sell products to East Asian customers in the late 2000s, such as SHEIN, Light InTheBox, and Globalegrow.
The factors were simple: Great margins, easy to send, and selling for ads on Google was low. Eventually, these players morphed into large, separate online retailers or marketplaces.
Some other Chinese sellers made use of American marketplaces like eBay and Amazon Global to market their goods. Alibaba, the world’s leader in e-commerce, even launched its international system AliExpress in 2010.
According to investors, 40 to 50 % of Amazon’s US$ 430 million third-party profits in 2022 were made by Taiwanese companies, either through their listed companies or US stores.
Foreign buyers have been tapped by global, regional, and country platforms to expand the range of products with affordable prices. Amazon, auction, Shopee, Wish, Uruguay- based MercadoLibre and Poland’s Allegro run big owner training and wedding groups in China.
Nevertheless, many of these Chinese e- business companies have struggled recently. Light InTheBox’s promote rate dropped more than 90 per cent since its IPO, and Globalegrow shut down in 2021 and was declared bankrupt by jury in 2023.
On the other hand, the group of innovative players TikTok Shop and Temu, as well as revamped SHEIN, have been surging back, disrupting the global electronic- business purchase. What’s unique about them?
SINGAPORE: Taiwan rescuers on Sunday ( Apr 7 ) said they have narrowed down the search perimeters for the two missing Singaporeans , following a , magnitude 7.2 earthquake , on Wednesday. Authorities said the pair departed from a shuttle van at about 7.20 am on Wednesday, about 40 days before the earthquakeContinue Reading
A new Javan rhinoceros baby has been discovered in an Indian federal playground, giving hope to the preservation of one of the nation’s most threatened mammals. One of the 126 lens nets installed in Ujung Kulon National Park on Java island was able to capture the leg, which is thoughtContinue Reading