Core Viewpoint - The article emphasizes the importance of a comprehensive, compliant, and technologically open cross-border e-commerce system for companies looking to expand internationally by 2025, highlighting the advantages of the open-source cross-border mall system launched by Shangtao Cloud [1]. Group 1: Open Source Architecture and Multi-Language Multi-Vendor Features - Shangtao Cloud's cross-border mall source code utilizes a popular framework with all code being open-source and unencrypted, allowing for deep customization by enterprises [3]. - The system includes an intelligent multi-language engine that supports easy switching between Chinese and English, as well as the addition of various language interfaces [3]. - The multi-vendor management feature offers comprehensive qualification review, store grading, and regional tax rate functionalities, catering to platform-based operations [3]. - The "multi-country mirror deployment" solution enhances cross-border access speed, with a reported 60% improvement in access speed for Southeast Asian users [3]. Group 2: Adaptation to 2025 Cross-Border Compliance Requirements - The Shangtao Cloud source code includes multiple compliance features tailored for the new cross-border e-commerce regulations set to be implemented in 2025 [4]. - Tax compliance allows for the customization of VAT and sales tax settings for 30 countries, ensuring international operations are compliant [4]. - Data security is enhanced with built-in GDPR and CCPA protection modules, offering user data encryption and cross-border transmission solutions [5]. - Payment compliance is supported through integration with PSD2 strong authentication and 3DS2.0 secure payment protocols, reducing chargeback risks [5]. - The system provides compliance self-check tools to monitor legal risk points in business flows, allowing for flexible adjustments to compliance logic in response to policy changes [5]. Group 3: Global Operations and Localization Solutions - The open-source system offers a complete toolkit for cross-border operations, including an intelligent pricing system that adjusts display prices based on real-time exchange rates and logistics costs [6]. - Multi-time zone management allows for promotional times and order processing to be displayed according to target market time zones [6]. - Localized marketing templates are pre-set within the system to facilitate marketing activities [6]. - The system can interface with various national customs systems to automatically generate customs declarations and certificates of origin [6]. - Special emphasis is placed on supporting emerging markets, providing local payment interfaces and logistics solutions for regions like Southeast Asia, the Middle East, and Latin America [6]. Group 4: 2025 Outbound Strategy and Implementation Recommendations - As global e-commerce regulations tighten, compliance capability is highlighted as a core competitive advantage for outbound enterprises [7]. - The Shangtao Cloud open-source cross-border mall source code offers a "compliance + flexibility" combination, meeting legal requirements while allowing for customization [7]. - Companies planning to expand internationally in 2025 are advised to form a technical team of 5-10 members focused on architecture and compliance module development [7]. - It is recommended to prioritize regions where Shangtao Cloud has already adapted deeply, such as Southeast Asia and the Middle East [7]. - Compliance budget should include system compliance modification costs, estimated to account for about 20% of total project investment [7]. - Long-term planning should involve establishing a policy monitoring mechanism to continuously optimize compliance solutions using the advantages of open-source [7]. - The open-source system is particularly suitable for growing cross-border enterprises with an annual GMV between 30 million and 500 million, providing cost control and the ability to build compliant international e-commerce platforms [7].

Core Viewpoint - The Guangdong government is enhancing trade and supply chain cooperation with ASEAN, with a significant focus on upcoming events and initiatives aimed at strengthening economic ties and facilitating cross-border e-commerce. Group 1: Trade Growth and Partnerships - ASEAN has become Guangdong's largest trading partner, with a 6.9% increase in imports and exports in the first quarter of this year [5] - The upcoming "2025 China (Guangdong) - ASEAN Trade Promotion and Supply Chain Cooperation Mechanism Construction" conference will take place in Guangzhou on June 10, 2023, with an expected attendance of around 600 participants [6] Group 2: Conference Details and Initiatives - The conference will feature multiple sessions, including a dialogue on international supply chain cooperation and parallel meetings focused on trade exchanges with Indonesia and cross-border e-commerce [6][7] - A series of economic cooperation mechanisms will be announced, including the establishment of the "China-ASEAN Business Council Local Liaison (Guangdong) Office" and the launch of the "Yue Chain ASEAN" online service platform [7] Group 3: Legal and Investment Guidance - The Guangdong Provincial Council has completed the first versions of the "RCEP National Investment Legal Guide" for Indonesia, Vietnam, and Thailand, aimed at assisting enterprises in overseas investments [8] - The guide covers key regulations and risk management strategies for foreign investment, employee hiring, and tax administration [8] Group 4: E-commerce Collaboration - The conference will also focus on cross-border e-commerce, promoting high-level openness and collaboration between Guangdong and ASEAN in this sector [9] - Initiatives will include partnerships with e-commerce associations from Thailand and Malaysia to enhance cooperation in digital economy and logistics [9]

Core Insights - The integration of "cross-border e-commerce + industrial clusters" is becoming a significant driver for China's foreign trade growth, leveraging regional industrial characteristics and digital capabilities to accelerate traditional industry transformation and create direct access for "Chinese manufacturing" to global markets [1][2] - Henan province is emerging as a new hub for cross-border e-commerce, with a projected import and export transaction volume of 266.55 billion yuan in 2024, doubling its export volume to 196.28 billion yuan [1][4] Group 1: Industrial Cluster Development - Henan has established over a thousand industrial clusters across various sectors, including textiles, smart home products, and equipment manufacturing, with significant contributions from regions like the Pearl River Delta and Yangtze River Delta [1][4] - The province's foreign trade value reached 275.77 billion yuan in the first four months of 2025, a year-on-year increase of 29.5%, significantly outpacing the national growth rate [4][16] - Key cities such as Zhengzhou, Jiaozuo, and Luoyang are pivotal in Henan's cross-border e-commerce landscape, contributing to 94.1% of the province's total foreign trade value [4][16] Group 2: Policy Support and Innovation - Henan has established seven cross-border e-commerce comprehensive pilot zones, which are crucial for policy innovation and industrial upgrades, with Zhengzhou being the first and most innovative [16][18] - The Zhengzhou pilot zone has introduced several pioneering systems, such as the "1210 bonded shopping" model, which has been adopted nationwide, leading to rapid growth in cross-border e-commerce exports [16][19] - The province's logistics capabilities have been enhanced with the establishment of multiple cross-border e-commerce air cargo routes, facilitating significant growth in export volumes [19][20] Group 3: Company Performance and Case Studies - Companies like Zhiyou Technology and Mingyang Window Coverings have emerged as leaders in the cross-border e-commerce space, with Zhiyou achieving a revenue of 2.09 billion yuan in Q1 2025, a 13.56% increase year-on-year [5][6] - Mingyang, which entered the cross-border e-commerce market in 2021, reported a revenue of 293 million yuan in 2024, benefiting from a well-optimized product structure and growing industrial clusters [7][11] - The hair product industry in Xuchang, with brands like Rebecca, dominates the global market, accounting for 50% of the market share, and reported an export value of 16.4 billion yuan in 2024 [9][11] Group 4: Challenges and Future Outlook - Despite its growth, Henan's cross-border e-commerce development is still at a mid-level nationally, facing challenges in depth of integration between e-commerce and industry compared to coastal regions [20][21] - The province's cross-border e-commerce still relies heavily on Zhengzhou, with other cities like Luoyang and Xinxiang showing smaller scales of growth, indicating a need for better regional collaboration [21][23] - Future growth will depend on continued policy collaboration, ecosystem building, and brand development to transition from a regional hub to a global marketplace [24][27]

据了解，此前，大量退货商品因退货周期长、成本高、流程复杂等原因滞留海外，无法退运进境，进而导致企业经营成本增加，也制约着行业健康发展。 对此，威海物流园协同威海海关、临港区相关部门，研究政策、走访调研，敏锐捕捉企业发展痛点，将"解题"思路锚定在打通逆向物流梗阻上，通过合理 规划功能区域、简化申报查验流程、加强信息化管理等手段，创新跨境电商出口退货监管模式，启用了全省首个跨境电商出口退货中心仓，现场增加2条 通关线体，并同步推进出口退运海关辅助系统搭建工作，重塑跨境电商逆向物流新生态。 经初步测算，中心仓初期年处理退货商品可达15万件，为企业节省经营成本4000余万元，减轻企业压力，有效提升了跨境电商物流运输时效性，反向拉动 出口业务增长，打造"进退自如"的双向物流黄金通道。 5月29日，在山东港口物流集团威海物流园跨境电商园区，全省首个跨境电商出口退货中心仓（以下简称"中心仓"）正式启用，这标志着山东港口物流集 团跨境电商服务能力进一步升级。 该中心仓启用后，让跨境电商包裹"退得回"像"出得去"一样顺畅，包裹仓储、分拣、申报、查验、处理等流程，可在仓内完成闭环，企业无需再为碎片化 的退货处理而多头奔波，退货周 ...

Core Insights - Pinduoduo's revenue and profit missed expectations in Q1, with revenue at 957 billion yuan, a 10% year-on-year growth, falling short of the anticipated 1,016 billion yuan [1][3] - The company's operating profit decreased by 38% to 161 billion yuan, and net profit dropped by 47% to 147 billion yuan [2][3] - Pinduoduo's advertising revenue grew by 15% to 487 billion yuan, exceeding market expectations, but the growth rate is slowing down [3] Revenue and Profit Performance - Q1 revenue was 957 billion yuan, a 10% increase year-on-year, missing the market expectation by nearly 60 billion yuan [1] - Operating profit was 161 billion yuan, down 38% year-on-year, while net profit was 147 billion yuan, down 47% [2][3] - Advertising revenue reached 487 billion yuan, growing 15% year-on-year, surpassing the expected 480 billion yuan [3] Strategic Choices and Market Position - Pinduoduo is focusing on maintaining price competitiveness through increased subsidies, impacting short-term profits for long-term growth [1][3] - The company has implemented a "thousand billion support plan" for merchants, which is seen as a long-term investment despite its immediate negative impact on profits [7] - The competitive landscape is intensifying, with rivals like Alibaba and JD.com targeting Pinduoduo's price advantage [5] Cross-Border E-commerce Challenges - Pinduoduo's cross-border e-commerce platform, Temu, faced significant challenges due to increased tariffs and changes in U.S. customs policies [8][10] - The company has shifted from a full-managed model to a semi-managed model to adapt to new regulations, impacting revenue recognition [8][10] - Advertising expenditures in the U.S. have been significantly reduced, while investments in European markets have increased [9][10]

Group 1 - The cross-border e-commerce event in Zhengzhou aimed to create a platform for entrepreneurs to support local businesses and enhance their capabilities [1] - The province is actively building high-level cross-border e-commerce pilot zones, with the number of pilot zones expanding to seven, ranking eighth nationally [1] - The province is promoting the "cross-border e-commerce + industrial belt" model, encouraging integration between platform enterprises and local industries, resulting in the formation of multiple industrial belts [1] Group 2 - The provincial government emphasizes the importance of local entrepreneurs in supporting the development of cross-border e-commerce in Henan [2] - The Henan Postal Company aims to leverage its logistics capabilities to provide comprehensive international logistics solutions for cross-border e-commerce [2] - The event focused on implementing an open strategy and seizing opportunities in the digital economy, inviting global e-commerce platforms to promote local industrial development [2]

□ 河南日报客户端记者 杨凌 实习生 林志楠/文 河南日报社全媒体记者 徐聪/图 5月29日，2025郑州跨境电商大会暨外贸优品中华行（河南站）活动"丝路电商"国际合作对接会在郑州国际会展中心举行。"丝路电商"伙伴国政府代表、国 家级智库、知名电商平台及行业协会代表等300余人参会，共同探讨全球贸易新形势下"丝路电商"国际合作新机遇、新路径。 河南集成供应链管理有限公司成立于2015年，是郑州新郑综合保税区首批入区企业之一，与京东国际、抖音全球购、拼多多、小红书等平台建立了战略合 作，日处理国际包裹超10万件。 该公司总经理陈研受邀参会，带来她自己的思考。 陈研接受记者采访 "跨境电商企业不能满足于买卖商品，只有转型升级才能赢得更大发展空间。"陈研介绍说，河南集成供应链管理有限公司在传统的清关、仓储之外，还拓展 了物流、货源采购、供应链金融等业务，为客户提供个性化服务，实现自身价值链跃升。 陈研的想法，与中国国际经济交流中心科研信息部原部长、高级研究员王晓红的观点不谋而合。"近期，美国取消了对华低货值小包商品免税优惠，倒逼我 国跨境电商企业创新发展，增强产业链、供应链韧性。"王晓红说。 为帮助跨境电商企业更好 ...

东航物流 20250529 摘要 综合物流业务在公司收入中的占比如何变化？ 东航物流作为民航混改先行者，股权结构多元，东航集团控股 40.5%， 联想控股持股 11.3%，员工持股平台持股 6.3%。公司业务涵盖航空速 运、综合物流及地面综合服务，其中综合物流占比已超航空速运，成为 主要收入来源。 受益于跨境电商发展和空运运价上涨，东航物流 2024 年营收达 241 亿 元，同比增长 17%，归母净利润 27 亿元，同比增长 8%。2025 年一 季度营收 55 亿元，同比增长 5%，净利润同比下降 7%，剔除飞机处置 影响后经营状况良好，并积极分红，股息率达 5.2%。 公司航空速运业务依托 15 架 B777 全货机和客机腹舱资源，构建双运 力体系，覆盖全球 160 多个国家和地区。与东航股份独家合作，获得腹 舱独家经营权，浦东机场航班量和运营投入占比最高，显著助力货量增 长。 综合物流业务是公司营收占比最高的业务，2024 年收入 125 亿元，同 比增长 37%，占比达 52%。其中，跨境电商和产地直达是增长最快的 子板块，跨境电商复合增长率高达 71%，产地直达以生鲜品类为主。 Q&A 东航物流的 ...

在跨境电商业务中，德国作为欧盟重要市场，其增值税（VAT）合规尤为关键。近年来，使用"P卡"（Prepaid Card或支付卡）支付德 国VAT成为部分卖家的选择，但操作流程和合规风险需特别注意。 P卡支付德国VAT的基本流程 注册德国VAT号 跨境卖家需先完成德国VAT注册，取得有效税号，这是缴纳VAT的前提。 支付完成后，务必保留银行和税务局的付款凭证，作为未来税务审计的有效证明。 使用P卡支付的注意事项 申报增值税 根据销售额和申报周期，卖家按时向德国税务局提交增值税申报表，列明应缴税款。 准备支付资金 在申报后，卖家需要准备缴纳税款的资金。部分卖家选择使用P卡作为付款工具，尤其是在资金调度和支付渠道受限时。 通过P卡支付税款 卖家通过绑定的P卡账户，使用银行转账、在线支付或税务局认可的支付方式，将应缴VAT款项支付给德国税务机关。 确认支付与留存凭证 P卡的合法性与税务局认可度 并非所有德国税务机关均认可P卡支付，卖家需提前确认当地税务局的付款政策，避免支付失败或延误。 资金来源合规性 确保P卡资金来源合法，资金流转透明，避免因资金异常引发税务或法律风险。 账户安全与防范风险 保护P卡账户信息安全，防 ...

Investment Rating - The industry investment rating is maintained as "Positive" [6] Core Insights - The overseas shading fabric market is large, and domestic companies are accelerating their international expansion, with market share expected to continue increasing. Some domestic shading material companies have also expanded into overseas shading finished products, primarily through cross-border e-commerce, achieving significant results [4][9] - The company West Gate (605155, Buy) is recommended for attention due to its dual-driven strategy focusing on shading fabrics and finished products, with potential for improved profitability [4] Summary by Sections Market Dynamics - The U.S. government announced a reduction in tariffs on small packages from 120% to 54%, easing the pressure on cross-border e-commerce businesses. This adjustment is expected to maintain the competitiveness of Chinese shading finished products in the U.S. market [9] - The shading materials industry is experiencing a dual-driven growth model, with domestic companies leveraging manufacturing advantages to capture a stable growth in the overseas shading fabric market [9] Company Performance - West Gate's shading finished product business achieved revenue of 320 million yuan in 2024, a year-on-year increase of 119.7%, primarily driven by cross-border e-commerce [9] - The gross profit margin for this business was 48.7%, reflecting a year-on-year increase of 2.0 percentage points, indicating strong profitability potential [9]