Venture(US:VEMLY) Sou Hu Cai Jing·2025-04-16 13:44Core Insights - DHgate (敦煌网) has rapidly gained popularity in the U.S., becoming the second most downloaded free iPhone app in the App Store, surpassing its previous ranking of around 300 [3][5] - The surge in downloads is attributed to a combination of factors, including changes in U.S. tariff policies and promotional content on TikTok [14][16] Company Overview - DHgate was established in 2004 and is recognized as the first B2B cross-border online trading platform in China, now the largest Chinese cross-border B2B e-commerce platform in the U.S. [8] - The platform connects small and medium-sized Chinese manufacturers with small wholesalers in North America, utilizing a "small order quick response" model [8] User and Market Data - DHgate has over 2.54 million registered suppliers and more than 59.6 million registered buyers, covering 225 countries and regions globally [10] - The platform offers over 34 million online products across various categories, including electronics, home goods, toys, apparel, jewelry, and health and beauty [10] Recent Developments - Following the app's rise in popularity, several A-share companies have clarified that they do not have partnerships with DHgate, including Lege Co., San Tai Co., and Juxing Technology [7] - DHgate's recent success is seen as a positive influence on the industry, with the company currently analyzing the reasons behind the sudden increase in user engagement [5] Influencing Factors - The increase in popularity is linked to the impact of former President Trump's tariff policies, which have raised concerns among U.S. consumers about rising prices and inflation [14] - TikTok influencers have played a significant role in promoting DHgate, with videos explaining the sourcing of luxury goods from China and directing viewers to the platform [14][16]