深圳桑椹汽配科技有限公司在2017年开始出海，公司副总经理黎浩宇告诉智通财经，过去一年美国市场 保持稳健增长，动力之一来自"线下转线上"。随着跨境电商生态的完善，现阶段线下交易比重很高的一 些品类正逐步转移到线上，例如"大重件"。 智通财经记者 | 张熹珑 北美地区尤其是美国，是全球最大的汽配市场之一。尽管地缘政治、关税等原因带来不明朗因素，但广 东汽车零部件厂商仍在加速拓展该市场。 "我们今年3月份专门划了一个汽配团队负责美国市场，全年美国市场增长了超过两倍。"12月23日的 eBay 2025年度汽配卖家峰会间隙，深圳欣盛商科技有限公司CEO姜振阳接受智通财经采访时指出，一 方面由于本来美国业务体量不大，另一方面是因为关税劝退了一批卖家，但市场需求还在，反而形成利 好。 姜振阳在2009年入局跨境电商"倒腾"华强北电子产品，并在2012年成立公司，以消费电子起家，逐步拓 宽至汽车配件、电动工具、家居领域。欣盛商科技主营以多媒体播放器为代表的汽车电子件，预计明年 美国市场仍保持增长。 黎浩宇提到，美国汽车后市场会在线下的碰撞中心（Collision Center）进行，既需要买件，又需要另外 的人力服务安装 ...

今年正值eBay成立三十周年，eBay国际跨境贸易事业部大中华区总经理林文奎表示："跨境电商进入全球多元化布局的关键阶段，中国卖家在全球汽配 市场大有可为。eBay将与卖家共同投入，作为其长期战略伙伴为卖家提供强有力的焕新支持。汽配出海是一条长期赛道，我们期待与卖家携手不断沉淀供 应链，提升用户体验，推动中国制造在美国、欧洲等核心市场实现长期、稳健的增长。" 当前，全球汽配售后市场迎来结构性机遇，规模突破2.3万亿美元，汽车保有量超16亿辆。北美与欧洲作为核心市场，在车辆老龄化与线上化趋势推动 下持续释放潜力。欧美平均车龄已超12年，带动维修、保养及改装需求持续释放。与此同时，线上化趋势正以前所未有的速度重塑行业，为平台卖家带来历 史性增长窗口。 12月23日，全球电子商务领导者eBay在厦门成功举办"驭见未来·擎动全球"2025年度汽配卖家峰会。来自全国各地超500位汽配跨境卖家、优质生产厂商 以及跨境生态领军伙伴齐聚一堂，聚焦全球贸易重构背景下的平台资源赋能、新兴市场开拓与高潜力品类价值挖掘等核心议题展开深度探讨，共同擘画汽配 跨境出海增长新蓝图。峰会现场，eBay特别举办了年度表彰仪式，为近百位在跨境领 ...

新兴市场动态 1、新中双边合作联合委员会达成27项协议，创历年新高 12月15日，新中双边合作联合委员会第21次会议在重庆召开。今年恰逢新中建交35周年，JCBC收获了 历年来最为丰硕的合作成果，双方共达成27项谅解备忘录及合作文件，不仅深耕互联互通、金融、科技 等经济合作，更延伸至人文交流、文化互鉴、学生往来、教育协作及体育合作等多个维度，例如新加坡 将启动数字人民币试点，为新加坡居民与游客提供便利。覆盖多元领域的合作协议充分彰显新中两国全 方位、高质量、面向未来的伙伴关系特质。 2015年以来，中新互联互通项目已走过十年，累计签约政府和商业合作项目347个、总金额260亿美元， 还探索形成33项具有首创性、辨识度的制度型开放成果。 2、越南电子商务协会联合工业贸易部：越南2025年电商规模预计达310亿美元 12月22日消息，越南电子商务协会联合工业贸易部举行了2025跨境电子商务论坛。工业贸易部电子商务 与数字经济司副司长赖越英在会上指出，越南零售电商规模预计到2025年将达到310亿美元，同比增长 超过25%，这一数字将占全国消费品零售总额约10%，确保越南稳居全球电商增长最快国家前十。 跨境电商已成 ...

Summary of Key Points from J.P. Morgan's US Internet 2026 Outlook Industry Overview - The report focuses on the **US Internet** sector, providing insights into market performance, macroeconomic factors, and company-specific forecasts for 2026. Core Insights and Arguments 1. **2025 Performance Recap**: - The internet sector outperformed the S&P 500 by 17% in 2025, with average performance across market caps showing significant variation: - Large Cap: +19% - Mid-Cap: +42% - Small Cap: +21% - Smaller Cap (<$2B): -16% [12][13] 2. **2026 Macro Outlook**: - J.P. Morgan economists estimate a **35% risk of recession** in 2026, with expectations of resilient global growth driven by fiscal stimulus and capital expenditure [19][23]. - Key economic indicators include: - GDP Growth: 1.8% in 2026 - Inflation: Expected to remain above 3% CPI - Unemployment: Projected to peak at 4.5% in Q1 2026 [21][19]. 3. **Investment Recommendations**: - **Top Picks for 2026** include: - Alphabet (Overweight, $385 PT): Growth driven by AI and cloud services [46]. - Amazon (Overweight, $305 PT): Expected growth in AWS and retail segments [51]. - DoorDash (Overweight, $300 PT): Anticipated GOV growth of 18% CAGR from 2025-2028 [57]. - Spotify (Overweight, $805 PT): Projected revenue growth driven by premium subscriptions [66]. 4. **AI and Cloud Growth**: - AI is expected to significantly drive cloud growth, with Google Cloud projected to grow in the mid-40% range and AWS adding the highest estimated revenue in 2026 [101][102]. - The report highlights the importance of AI in enhancing operational efficiencies and driving revenue growth across various sectors [78]. 5. **Valuation Metrics**: - The S&P 500 is projected to have a price target of **$7,500** by the end of 2026, suggesting a 9% upside [26]. - Internet companies are trading at an average of **10.2x 2027E EV/EBITDA**, with expected revenue growth of approximately **13% CAGR** from 2025 to 2027 [40]. Additional Important Insights 1. **Market Dynamics**: - The report discusses the competitive landscape in the AI space, noting that leading model developers like Google and OpenAI are pushing the frontier, but competition remains intense [89][94]. - The potential for AI-driven advertising and e-commerce growth is highlighted, with expectations for significant market share shifts in the online ad market [112]. 2. **Company-Specific Catalysts**: - Alphabet's AI tools are expected to enhance productivity and revenue, while Amazon's AWS is set to double its capacity by 2027 [56][88]. - DoorDash is focusing on expanding its marketplace and improving unit economics, while Spotify is ramping up its free cash flow and operating margins [60][68]. 3. **Key Questions for 2026**: - The report raises critical questions regarding AI monetization, the impact of AI on cloud growth, and the potential for disruption in various sectors, including travel and e-commerce [76][124]. This summary encapsulates the essential insights and projections for the US Internet sector as outlined in the J.P. Morgan report, providing a comprehensive overview of the anticipated trends and investment opportunities for 2026.

不仅如此，日本财务省还计划取消"个人自用进口商品"的税基优惠政策。现行制度允许海关按商品海外售价的60%作为课税价格，相当于给予40%的减 免。若该特例被废止，税金将按照商品全额售价计算，包含10%的消费税和相应关税。该措施预计将使个人进口货物的综合税负提升约40%，进一步抬升 跨境商品的进入成本，对卖家造成新一轮压力。 此次税改如果落地，将直接影响跨境电商平台和低价出口商品的价格与销售策略。但政策细节及具体实施时间仍需等待官方正式公布，行业和卖家应持续 密切关注，并评估可行的运营和成本调整方案，提前做好应对准备。 近日，日本自民党税制调查会正式提出税制修正案，计划自2026年起取消所有价值1万日元以下进口商品的免税政策，所有进口小额货物均需缴10%的消 费税。 数据显示，2024年进口货值低于1万日元的小包裹就高达1.7亿件，总金额达4258亿日元，是2019年的整整五倍。如今，这类低价小包裹已占到日本全部进 口包裹的九成左右。正是这一迅速扩张的规模，成为本次税改直指的重点。 该税制修正案还要求，年销售额超过50亿日元的电商平台必须履行纳税义务，为其跨境电商卖家代扣代缴消费税。此举将使TEMU、SHEIN以 ...

eBay Live could be transformative for the 30-year-old e-commerce site.eBay (EBAY +1.74%) stock has rallied by more than 30% this year, with trading card games and collectibles driving growth. Those catalysts remain intact, positioning eBay stock to outperform the S&P 500 once again in 2026.However, the most exciting development may be eBay's pivot to livestreaming. The e-commerce platform has recently enabled live video, similar to YouTube and TikTok. eBay Live is more geared toward product reviews and tut ...

Core Insights - Leandra Medine Cohen is selling over 30 curated pieces from her personal fashion archive on eBay, featuring brands like Celine, Prada, and Maison Margiela, with auctions running until December 18 [1][2][3] - The auction starts at $0.99 for each item, and proceeds will benefit Sharsheret, a nonprofit organization supporting Jewish women and families affected by breast and ovarian cancer [3][4] Company and Industry Overview - eBay is launching "From the Collection: Leandra Medine Cohen" as part of a series that features exclusive drops from influential figures in fashion and entertainment [2][4] - The initiative emphasizes the concept of circular fashion, allowing icons to pass on cherished items, thereby promoting sustainability and inspiring consumers to engage with pre-loved fashion [4] - eBay's platform enables a global marketplace, having facilitated $75 billion in gross merchandise volume in 2024, showcasing its significant role in the online commerce landscape [6]

Core Insights - The article emphasizes the upcoming 2025 sales peak and eBay's initiative to support sellers through a series of articles focused on driving traffic, after-sales service, and product selection to achieve better sales performance during the peak season [1]. Group 1: Sales Trends - The year-end sales peak is characterized by a significant increase in platform traffic, with buyers actively searching for gifts, new products, and restocking items, reaching a peak in purchasing motivation [5]. - Sellers can leverage eBay's built-in tools to enhance product exposure, accelerate sales speed, improve conversion rates, and stabilize repeat traffic during the holiday season [5]. Group 2: Promotional Tools - Four key promotional tools are highlighted for maximizing visibility and conversion during the peak season: 1. **Sale Event**: A direct discount tool that allows sellers to set discounts for a group of products, making it easy for buyers to see the savings [6]. 2. **Coupons**: Flexible tools that encourage potential buyers to complete purchases, with various settings such as threshold discounts and targeted offers for specific buyer groups [7][8]. 3. **Volume Pricing**: Encourages bulk purchases by displaying tiered discounts for multiple items, suitable for consumables and small goods [10]. 4. **Offers to Buyers**: A tool to reach out to potential buyers who have shown interest but have not completed a purchase, using automated offers based on buyer behavior [11]. Group 3: Customer Engagement - The holiday season is an optimal time to activate repeat customers, who are more likely to return to familiar stores for seasonal purchases [12]. - Tools like Buyer Groups and Newsletters can be effectively combined for targeted email marketing, enhancing engagement and conversion rates [12][13]. - Continuous optimization of newsletter content based on open rates and click-through rates can help maintain customer engagement and stabilize repeat purchase data [13]. Group 4: Strategic Planning - Successful sales during the peak season require consistent and regular promotional signals rather than just large discounts [14]. - Sellers are encouraged to conduct bi-weekly reviews of promotional tool performance to adjust strategies and optimize discount offerings [14].

Core Insights - Retail and e-commerce companies saw a significant increase in online spending during Black Friday, with U.S. consumers spending a record $11.8 billion, marking a 9.1% year-over-year growth [1][4] - The surge in online sales is expected to enhance the financial outlook for major e-commerce platforms such as Shopify, Amazon, and eBay, as well as the ETFs that include these companies [2][6] E-commerce Performance - The record sales were driven by a shift towards digital platforms, with e-commerce growth outpacing in-store traffic, supported by aggressive discounting and the adoption of technologies like AI and BNPL services [3] - Adobe reported an 805% increase in AI traffic to U.S. retail sites compared to the previous Black Friday [3] - U.S. e-commerce sales exceeded Adobe's forecast of 8.3% growth, with Salesforce reporting a global online spending of $79 billion, up 6%, and U.S. sales of $18 billion, up 3% [4] Individual Platform Results - Shopify merchants achieved a record $6.2 billion in sales on Black Friday, reflecting a 25% year-over-year increase [5] - Amazon's marketplace and fulfillment services likely allowed it to capture a significant share of online spending [5] ETFs and Investment Opportunities - Investing in ETFs provides a diversified approach to capitalize on the e-commerce trend, reducing volatility and risk associated with individual stocks [7] - The strong Black Friday performance indicates robust consumer demand for digital retail, positioning specific ETFs for growth [8] ETF Highlights - **Global X E-commerce ETF (EBIZ)**: Net assets of $53.1 million, exposure to 41 companies, top holdings include Shopify (5.26%) and Alibaba (5.16%), gained 2.8% leading up to Black Friday, up 18.1% year to date [9] - **ProShares Online Retail ETF (ONLN)**: NAV of $60.09 per share, exposure to 19 companies, top holdings include Amazon (23.05%), Alibaba (11.92%), and eBay (8.05%), gained 3.4% leading up to Black Friday, up 34.7% year to date [11] - **VanEck Retail ETF (RTH)**: Assets worth $256 million, exposure to 26 major retailers, top holdings include Amazon (19.62%), Walmart (10.37%), and Costco (7.35%), gained 3.7% leading up to Black Friday, up 12.9% year to date [12]

Core Insights - eBay Inc. is valued at a market cap of $37.3 billion, positioning it as a significant player in the global e-commerce marketplace [1] - The company operates primarily as a marketplace facilitator, generating revenue through transaction fees, advertising services, and payment-related activities, and serves users in over 190 markets [2] Market Performance - eBay's stock is currently trading 17.1% below its 52-week high of $101.15 and has fallen 9.9% over the past three months, underperforming the First Trust Dow Jones Internet Index Fund's 3.4% gains [3] - Over the past year, eBay's stock has increased by 31.8%, significantly outperforming the FDN's 6.7% gain, and is up 35.4% year-to-date, compared to FDN's 12.1% increase [4] Technical Analysis - The stock has maintained its position above the 200-day moving average for most of the year, indicating long-term strength, but has slipped below the 50-day moving average since late October, suggesting short-term uncertainty [4] Recent Developments - On November 13, eBay shares fell 2.9% as investors shifted away from technology stocks amid broader market weakness and profit-taking, part of a trend of cautious investment behavior [5] - eBay has outperformed its rival MercadoLibre, Inc., which gained 7.3% over the past 52 weeks and 22.8% year-to-date [5] Analyst Ratings - The stock has a consensus rating of "Moderate Buy" from 34 analysts, with a mean price target of $95.31, indicating a potential upside of 13.7% from current market prices [6]