Industry Insights - The China Service Trade Association and the China Cross-Border E-Commerce 50 Forum plan to launch a training program on "Stablecoins and Innovative Development in Cross-Border E-Commerce" in August 2025, focusing on stablecoin concepts, regulatory frameworks, and practical applications in cross-border e-commerce [1] - Global e-commerce penetration is increasing, with steady market growth; China's cross-border e-commerce industry benefits from manufacturing advantages, driving domestic products overseas with impressive growth rates [1] - The United States is the largest market for China's cross-border e-commerce exports, with short-term tariff concerns but a long-term positive outlook due to the competitive pricing of domestic products [1] - Other markets like Europe, Southeast Asia, and Latin America show potential for growth, with Southeast Asia and Latin America benefiting from demographic advantages and improving infrastructure [1] - The cross-border e-commerce sector is entering a new phase of "e-commerce + industry + brand" global competition, with brand expansion and e-commerce growth driving logistics market upgrades [1] Company Developments - Xiaogoods City is building an ecosystem centered around the world's largest small commodity distribution center, Yiwu China Small Commodity City, covering physical markets, digital trade, and cross-border payments [2] - Cross-Border Pass is enhancing its supply chain management system by increasing collaboration with brand suppliers to establish a "global buy, global sell" model [3]