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The Chinese Government Has Formally Approved Rcep, And Wal-Mart’s U.S. Site Is Officially Open To All Chinese Companies.

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The Chinese Government Has Formally Approved Rcep, And Wal-Mart’s U.S. Site Is Officially Open To All Chinese Companies.

March 12
17:26 2021
Minister of Commerce: The Chinese government has officially approved RCEP

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On March 8, Wang Wentao, Minister of Commerce, was answering the reporter’s question on the entry into force and implementation of the Regional Comprehensive Economic Partnership Agreement. We are very concerned about what progress has been made now? How to help companies seize the development opportunities brought by RCEP and respond to the possible coming What about the challenge?” When the RCEP was signed, he replied that after the signing of the RCEP, it means that a region that accounts for one-third of the world’s total economy can form a unified large market, which is full of potential and vitality. The Party Central Committee and the State Council attach great importance to this and set up a working mechanism for the effective implementation of RCEP. The current progress is that the Chinese government has formally approved the agreement.

Amazon cancels early reviewer program for 4 sites

Recently, some sellers have received notifications that Amazon’s early reviewer program function will be closed, so they consulted customer service. According to the customer service, it is clear: “As of March 5, Amazon will no longer allow new registrations for the Early Reviewer Program, and will stop providing this service to sellers who have previously registered for the program on April 20, 2021.”

It is reported that the function cancellation is for the four sites in the United States, the United Kingdom, Japan, and India.

Wish’s annual revenue last year was US$2.541 billion, a year-on-year increase of 34%

On March 9, Wish released the financial performance report for the fourth quarter of 2020 and the annual financial performance ending on December 31, 2020 (hereinafter referred to as the financial report). The financial report shows that Wish’s revenue in the fourth quarter of last year reached 794 million US dollars, an increase of 38% year-on-year; last year’s full-year revenue reached 2.541 billion US dollars, an increase of 34% compared to 2019’s 1.901 billion US dollars.

Walmart’s e-commerce platform opens for the first time for Chinese companies to settle in

On March 8, Wal-Mart’s e-commerce platform U.S. officially opened an official channel for Chinese cross-border sellers. This is also the first time that Wal-Mart’s e-commerce platform has opened up the main body of Chinese companies.

It is reported that before this, only Wal-Mart Canada opened an official business invitation for Chinese cross-border sellers, and Chinese sellers who want to enter Wal-Mart’s US website generally need to register a US company and then find a channel agent to settle in as a US company.

Amazon UAE station increases direct shipments from the U.S. station and the UK station

According to reports, Amazon UAE has added nearly 15 million new products that can be shipped directly from Amazon UK. UAE consumers can visit Amazon’s global store, and it also supports millions of international products from Amazon’s US station.

It is reported that the international delivery options for UAE customers shopping on Amazon’s global store include Amazon UK and Amazon USA.

Cross-border e-commerce “Foreign Terminal” completed hundreds of millions of yuan in D+ round of financing

It is understood that the cross-border e-commerce “Foreign Terminal” has completed hundreds of millions of yuan in D+ round of financing, and the investor is Shengshi Investment. It is reported that the last round of financing of Ocean Terminal was in January 2020, and the official announced that it had obtained hundreds of millions of yuan in round D financing from Sina Weibo.

Amazon spends 130 million US dollars to buy some shares of cooperative air cargo company

Recently, Amazon has obtained a minority stake in the external air cargo company “Air Transportation Services Group (ATSG)” that contracts part of the company’s air logistics business.

According to reports, on Monday, ATSG stated in a regulatory document submitted to the US Securities and Exchange Commission that Amazon used warrants to obtain 13.5 million shares of ATSG at a price of US$9.73 per share, with a total amount of 132 million shares purchased. US dollars. According to another transaction arrangement, Amazon also separately purchased 865,000 shares of ATSG (not involving cash swaps).

It is reported that in 2016, Amazon has signed a cooperation agreement with ATSG to lease 20 Boeing 767 aircraft of the company for Amazon logistics. As part of the cooperation agreement, Amazon obtained the warrants used this time.

In 2020, the general export value of Hunchun cross-border e-commerce is 810 million yuan, a year-on-year increase of 1.5 times

According to news on March 9th, in 2020, Hunchun will take advantage of the only land port of domestic cross-border e-commerce with Russia to seize the “window period” of temporarily closing the port’s travel inspection channel to achieve trade growth against the trend. It is reported that in 2020, the value of Hunchun cross-border e-commerce general export commodities is 810 million yuan, a year-on-year increase of 1.5 times.

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