As PayPal expands in China, the American digital payments platform expects local merchants selling abroad to see cross-border e-commerce continue to grow despite mounting geopolitical and regulatory challenges. “We are seeing meaningful interest from [Chinese] merchants as they are seeking to expand to go both to Europe as well as the US, and we feel … Read more
The job cuts by online fast-fashion retailer Shein at its Singapore headquarters reflect how the Chinese-founded company is grappling with a series of challenges in the cross-border e-commerce business. Shein has laid off 17 employees as a result of restructuring of its global information technology research and development centre, the company said on Thursday. It … Read more
Alibaba Group Holding is expanding its business foothold in Mongolia, as the Chinese e-commerce giant’s wholesale marketplace 1688.com joins forces with local technology group Intelmind to launch a new platform. The new online marketplace, ShoppyHub.mn, aims to offer “millions of products” sourced from 1688.com’s merchant network, providing Mongolian consumers and business clients with products from … Read more
Luo said she was not quite sure how to answer. “If there hadn’t been this [bill], I would definitely recommend them to do so in the US,” she said, adding that her business in the US is “certainly more profitable” than those in other markets. TikTok Shop is the e-commerce service of the globally popular … Read more
