
Amid Mounting Economic Pressure, XTransfer Helps Chinese SMEs Go Abroad
XTransfer, a Shanghai-based fintech startup established in 2017 by former Ant Group employees, is seeking to streamline Chinese cross-border e-commerce.
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XTransfer, a Shanghai-based fintech startup established in 2017 by former Ant Group employees, is seeking to streamline Chinese cross-border e-commerce.
Following its rapid ascent in the Chinese e-commerce market, seven-year-old Pinduoduo is now trying its hand in the US with the launch of Temu.
Temu, the newest entrant to the US e-commerce industry under Nasdaq-listed PDD, is securing the best deals for customers by leveraging the extensive network of merchants, manufacturers, and logistics partners built up by its sister company.
While many are convinced that Chinese sellers are receiving special treatment from Amazon, in the eyes of many Chinese merchants, Amazon is no friend at all. Rather, it is in part Amazon’s monopoly power that leaves them with no choice.
PDD expands to Chile and the Philippines, grapples with warehousing and logistics hurdles.
China's cross-border e-commerce unicorn SHEIN has made a Singapore firm its holding company, and Chris Xu, SHEIN's founder and CEO, has also become a permanent resident of the city-state.
In late September, Beijing-based tech giant ByteDance announced a new online retail platform called "If Yooou." However, recent data shows that it has experienced a "[web] traffic crisis."
UK e-commerce platform Fruugo announced that it will hold its first seller conference to relaunch the Chinese market on September 12, during which it will officially restart its recruitment.
EasyYa, a Chinese cross-border supply chain management services platform, announced on August 1 that it has completed a round B of financing worth several hundred million yuan.
On January 30, China's three departments jointly issued an announcement on the tax policy for returned goods in cross-border e-commerce. The returned goods will be exempted from import duties, import value-added taxes and consumption taxes.
Shein's mind-numbing success in capturing the global fast fashion market is a product of the internet age.
Chinese fashion retailer SHEIN is reviving plans to list in New York this year. It was not immediately clear how much the company was looking to raise from its New York debut.