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NEWS

In 2023, China's top overseas e-commerce platforms, dubbed the "Four Little Dragons" (Temu, SHEIN, AliExpress, and TikTok Shop), have made significant global strides. These platforms accounted for over one-third of China’s cross-border e-commerce GMV, impacting markets with low-priced goods and shifting logistics and trade models. Compliance and regulatory challenges are major hurdles, with focus on intellectual property, tariffs, and geopolitical tensions shaping the strategies of these Chinese firms.
Jul.24 2024 18:57 PM

Fast fashion giant Shein, upstart Temu, AliExpress, and newcomer TikTok Shop are reshaping the industry by connecting consumers directly to China’s manufacturing power
Jul.24 2024 18:52 PM

Amazon’s e-reader, which just completed its exit from its largest market, failed to tailor its products to local customers as well as its competition
Jul.2 2024 19:24 PM

- In 2023, China's key e-commerce platforms Temu (Pinduoduo), SHEIN, AliExpress (Alibaba), and TikTok Shop thrived internationally, leading global app download charts.
- China's overall exports in 2023 totaled ¥23.77 trillion, a slight increase of 0.6%, while cross-border e-commerce exports surged 19.6% to ¥1.83 trillion.
- Regulatory challenges are rising, with scrutiny on pricing, compliance, and trade practices, while platforms like Temu push aggressive growth and cost strategies, impacting traditional retail landscapes globally.
May.18 2024 13:24 PM

- TikTok and its parent company ByteDance were caught off guard by a political storm from the U.S., which proposed the "Protecting Americans from Foreign Adversary Controlled Applications Act" to potentially ban TikTok due to its Chinese company background. The bill passed the House with overwhelming support and is pending in the Senate, with President Biden indicating he would sign it into law.
- Despite facing potential U.S. ban, TikTok has made significant strides in e-commerce through TikTok Shop, achieving nearly $1.2 billion in Gross Merchandise Value (GMV) within months of launching in the U.S., with projections reaching above $20 billion by 2024. However, if banned, TikTok might not be able to divest its assets as required within 180 days, leading to its removal from U.S. app stores.
- The situation has sparked reactions from China's Ministry of Commerce and Foreign Ministry, criticizing the U.S. for suppressing foreign companies under the guise of national security without fair competition. Meanwhile, TikTok CEO Shou Zi Chew has been lobbying in Washington D.C., trying to negotiate a favorable outcome amidst growing bipartisan support for the app's ban due to concerns over data privacy and national security.
Mar.23 2024 18:47 PM

- On Black Friday, November 24, U.S. online sales hit a record $9.8 billion, with Chinese e-commerce platforms like Temu, SHEIN, and TikTok Shop overshadowing Amazon's performance. TikTok Shop saw a 215% increase in GMV (Gross Merchandise Volume) during the event compared to the previous month and a fourfold increase on Black Friday itself.
- TikTok's e-commerce service is leveraging its nearly 1 billion monthly active users worldwide to diversify revenue streams beyond advertising and live streaming. The company has prioritized its business in the U.S., where it has over 150 million monthly active users, by recruiting staff and focusing on localizing operations to mitigate political risks.
- Political challenges persist for TikTok with concerns over content influencing young voters in democracies and potential bans due to national security issues. Despite these challenges, TikTok continues to expand its e-commerce footprint globally while navigating complex geopolitical landscapes and regulatory environments.
Dec.9 2023 14:05 PM

Fees will be slashed to 5% on clothing priced below $15 and to 10% on items priced from $15 to $20 — down from 17% for both categories
Dec.6 2023 12:26 PM

In the emerging business of ‘social shopping,’ TikTok dominates the social and is spending big to improve the selling. Amazon dominates selling, and is working on the social.
Oct.21 2023 19:32 PM

Cross-border e-commerce sellers post losses and revenue declines as platforms tighten compliance policies and as inflation saps demand
Sep.9 2022 04:18 AM

The e-commerce platform’s advance into Europe follows a $912.5 million investment from its Chinese parent
Sep.1 2022 16:21 PM

Shein overtakes Amazon in U.S. downloads, Xiaomi to test self-driving cars
Aug.12 2022 20:21 PM

Ant Group launches digital bank in Singapore, Douyin reports bumper growth in key sales metric
Jun.7 2022 20:07 PM

E-commerce giant stops supplying devices to retailers and will close its Chinese digital bookstore next year, following retreats by other U.S. tech companies
Jun.3 2022 04:00 AM

Momenta takes half-a-billion dollars from big-name backers, Lenovo chairman insists listing failure will not hit its business
Nov.5 2021 20:18 PM

Alibaba Cloud’s custom-designed chip, which is based on Softbank’s ARM architecture, seen as a competitive response to the perceived technology advantage of rival Amazon Web Services ’s own line of ARM-based chips
Oct.18 2021 20:48 PM

Crackdown also weeds out merchants involved in identity falsification, bribery and sale of counterfeit goods, company vice president for Asia reports
Sep.18 2021 03:49 AM

CNN fires unvaccinated employees for coming to office and 6,000 Alibaba staff call for anti-sexual assault mechanism at the company
Aug.9 2021 20:38 PM

Amazon fined $887 million over European privacy violations and Chinese expert warns against mixing and matching of vaccines
Aug.2 2021 20:45 PM

Industry group complained to Beijing about U.S. e-commerce giant’s action against the businesses, some of which are facing bankruptcy
Jul.29 2021 21:29 PM
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