此外，下游还衍生出一系列配套服务，如跨境营销推广、本地化客服、退换货处理以及数据合规咨询 等。这些服务共同提升了整体交易体验，增强了买卖双方的信任。 对投资者而言，理解这一模式不仅有助于把握数字经济下的全球化机遇，也能更清晰地识别产业链中不 同环节的成长潜力。由于该领域融合了信息技术、供应链管理与国际贸易，其发展受政策环境、汇率波 动及国际关系等多重因素影响，投资时需综合评估风险与长期趋势。 首先是上游的商品供应端，包括制造商和品牌商，他们负责提供具备竞争力的产品。这些产品往往需要 符合目标市场的质量标准与消费偏好。紧随其后的是中游的电商平台运营方，它们搭建交易桥梁，提供 技术支持、流量导入以及交易保障服务，帮助卖家触达更广泛的国际客户群体。 在交易达成后，跨境物流成为关键支撑。专业的国际仓储、运输及清关服务商协同运作，确保商品高 效、合规地跨越国境。与此同时，支付结算系统也需满足多币种、低延迟、高安全性的要求，以保障资 金流转顺畅。 近年来，随着互联网技术的发展和全球消费习惯的转变，一种新型贸易模式逐渐走入大众视野。这种模 式打破了传统贸易的地域限制，让国内商家能够直接将商品销售给海外消费者，同时也为境外优 ...

在跨境电商领域，亚马逊和 Temu 是众多卖家的重要采购渠道，但砍单和买家号关联问题却让不少卖家头疼不已。砍单不仅浪费时间和精力，还可能导致库 存周转不畅，甚至影响整个运营计划。本文将深入剖析这些问题的原因，并提供一系列实用的解决策略，帮助卖家提升采购成功率。 亚马逊和 Temu 的风控系统会监测账号之间的关联性。如果多个账号在相同网络环境下操作，或者使用相同的设备、支付方式等，平台可能会判定这些账号 存在关联，进而触发风控机制。例如，Temu 的风控系统采用 LSTM 神经网络识别账号关联模式，同一环境在 48 小时内操作超过 3 个账号即触发关联预 警，导致 90% 以上订单被拦截。 （二）采购环境不稳定 使用虚拟机、云服务器等不稳定环境进行采购，容易被平台监测到。这类环境的网络 IP、虚拟主机常变动，DNS 频繁跨区域跳转，WebRTC 显示的本地网 络信息异常等，都可能导致订单被取消。数据显示，使用云服务器 / 虚拟机的账号砍单率高达 87%，主要原因是 WebGL 指纹参数不符合真实设备分布规 律。 （三）购买行为异常 平台风控系统会分析用户的购买行为是否符合正常逻辑。如果出现短时间内集中下单、不浏 ...

Economic Overview - The total economic output of 31 provinces reached 66.05 trillion yuan, achieving a steady growth rate of 4.25% in the first half of 2025, with Guangdong and Jiangsu leading at over 6.8 trillion yuan each [1] - Shandong maintained its position as the third-largest economy with a GDP of 50,046 billion yuan, while Fujian surpassed Shanghai for the first time, entering the top eight with a total of 28 trillion yuan [1][3] Regional Highlights - Shandong's economy grew by 4.5%, supported by a complete industrial chain across 41 categories and a significant increase in industrial investment by 12.8% [3] - Fujian's economy, with a young population average age of 36.2 years, saw a 9.7% increase in foreign trade, driven by the development of cross-border e-commerce [4] - Inner Mongolia entered the top 20 with a GDP of 12,077.6 billion yuan, with over 60% of its industrial growth coming from green industries [6] Key Economic Data - Guangdong: 68,725.4 billion yuan, 3.13% growth [7] - Jiangsu: 66,967.8 billion yuan, 3.95% growth [7] - Shandong: 50,046 billion yuan, 4.5% growth [7] - Fujian: 27,996.57 billion yuan, 4.98% growth [8] - Shanghai: 26,222.15 billion yuan, 4.61% growth [8] Development Trends - The economic landscape is characterized by a mix of established provinces and emerging players, with a focus on high-quality development and regional coordination [10] - The integration of modern industrial systems and regional development strategies is propelling China's economy towards broader horizons [10]

Group 1 - The core viewpoint of the articles highlights the rapid growth and development of cross-border e-commerce in Henan, China, particularly through the efforts of the Zhengzhou Cross-Border E-commerce Industrial Park and its integrated services for sellers [1][2][3] - The Zhengzhou Cross-Border E-commerce Industrial Park has over 50 companies, generating an annual sales revenue of approximately 1 billion yuan, and employing around 1,000 people [1] - The park has incubated nearly 150 cross-border e-commerce sellers since its operation began in January 2017, utilizing big data technology to analyze transaction and logistics data, thereby providing market trend forecasts and inventory management advice [2] Group 2 - The logistics capabilities of China Post enable direct shipping to over 220 countries and regions, facilitating international trade for cross-border e-commerce and integrated trade enterprises [2] - The collaboration with Zhengzhou Customs has improved customs clearance efficiency, reducing the average clearance time from 24 hours to under 12 hours through the implementation of regulatory models [2] - The annual import and export volume of Henan's cross-border e-commerce has increased from over 76 billion yuan in 2016 to over 260 billion yuan projected for 2024 [2] Group 3 - The establishment of the Henan Cross-Border E-commerce Association in February this year aims to leverage network resources and enhance the development of cross-border logistics services [3] - The postal service has organized multiple batches of international mail air capacity procurement, adding 26 new air routes to cities like Frankfurt and Paris [3] - Future plans include deepening the "cross-border e-commerce + industrial belt" initiatives to further support the international expansion of Henan brands [3]

Core Viewpoint - China's development is closely linked to global prosperity, emphasizing the importance of expanding openness to drive reform and growth [1] Group 1: Trade and Economic Growth - During the "14th Five-Year Plan" period, China's goods trade scale reached over $6 trillion, marking a 32.4% increase from the end of the "13th Five-Year Plan" [2] - High-tech product exports accounted for 18.2% of total goods trade in 2024, reflecting a strong demand for quality products in international markets [2] - Trade with ASEAN has remained robust, with China and ASEAN being each other's largest trading partners for five consecutive years [2] Group 2: Foreign Investment - By mid-2023, actual foreign investment in China reached $708.73 billion, surpassing the target set for the "14th Five-Year Plan" six months ahead of schedule [3] - A total of 229,000 new foreign enterprises were established during this period, contributing significantly to China's economic development [3] Group 3: Institutional Opening - The reduction of the foreign investment negative list and the complete removal of restrictions in the manufacturing sector are key achievements in institutional opening [4] - China is actively pursuing high-standard international trade agreements, including RCEP and CPTPP, to enhance its global economic integration [4] Group 4: New Trade Models - The "Belt and Road" initiative has fostered new growth points, with trade with partner countries increasing from $2.7 trillion in 2021 to $3.1 trillion in 2024, averaging a 4.7% annual growth [7] - Cross-border e-commerce has emerged as a significant channel for trade, with a notable increase in the number of partner countries involved [7] Group 5: Global Market Opportunities - From 2021 to 2024, China imported consumer goods worth 7.4 trillion yuan, showcasing its vast market potential for global partners [8] - The China International Import Expo has attracted over 23,000 foreign exhibitors, highlighting China's commitment to global cooperation and trade [8]

Core Insights - The fifth CHWE Global Cross-Border E-commerce Exhibition took place in Shenzhen from September 6 to 8, 2025, focusing on making cross-border trade easier and connecting Chinese supply chains with global consumer demand [1][5] - The exhibition featured over 1,500 exhibitors across more than 15 popular cross-border categories, covering an exhibition area of over 100,000 square meters and attracting over 20,000 quality source factories [2][5] Group 1: Exhibition Overview - The exhibition included various specialized zones such as home goods, toys, fashion accessories, gifts, beauty products, and a cross-border service ecosystem, catering to diverse procurement needs [2][4] - Notable products included innovative home goods from companies like Yunnan Gai Rui Flowers and Shenzhen Kanghao Technology, showcasing the strength of China's toy industry with companies like Shantou Ling Shu Bao Toys [2][4] Group 2: Concurrent Events and Discussions - A series of summits and activities were held during the exhibition, discussing key topics in cross-border e-commerce, including strategies for the 2025 year-end shopping season and growth opportunities in emerging markets [3][4] - Specific summits included the "Winning Global 2025 Golden Period GMV Growth Summit" and the "TikTok Shop Global E-commerce Traffic Growth Summit," focusing on operational strategies and market insights [3][4] Group 3: Cross-Border Service Ecosystem - The exhibition integrated over 50 mainstream e-commerce platforms and cross-border service providers, offering comprehensive support for businesses, including logistics, payment solutions, and marketing services [4][5] - Major platforms like TikTok Shop, SHEIN, and Walmart participated, presenting their latest recruitment policies and operational resources [4][5] Group 4: Future Prospects - The success of the exhibition is expected to inject new vitality into the cross-border e-commerce industry, facilitating deeper connections between Chinese supply chains and global markets [5] - The next exhibition is scheduled for March 30 to April 1, 2026, in Shenzhen, promising more opportunities and innovative ideas for the industry [5]

Core Viewpoint - Jihong Co., Ltd. (02603) has experienced a significant stock price increase, with a rise of nearly 9% and a current price of HKD 18.81, driven by positive earnings expectations and strategic business developments [1] Financial Performance - Jihong Co. expects a net profit attributable to shareholders of approximately RMB 209 million to RMB 222 million for the first three quarters of 2025, representing a year-on-year growth of 55% to 65% [1] - The growth is attributed to the deepening of brand building and regional expansion in the cross-border social e-commerce business, as well as significant increases in revenue and profit from the paper-based fast-moving consumer goods packaging business [1] Strategic Initiatives - The company plans to continue increasing investment in AI research and its own brand development to enhance its intelligent and branded cross-border e-commerce operations [1] - Jihong Co. is accelerating the construction of its packaging base in the Middle East and actively exploring overseas packaging markets to achieve comprehensive business expansion [1] Technological Integration - According to Everbright Securities, Jihong Co. has integrated AI applications into its Giikin system, allowing seamless connection of various business processes with minimal human involvement, effectively driving business development [1]

Core Viewpoint - Jihong Co., Ltd. (002803)(02603) has seen a significant stock price increase, with a rise of nearly 9% and a current price of 18.81 HKD, driven by positive earnings expectations and strategic business developments [1] Financial Performance - The company anticipates a net profit attributable to shareholders of approximately RMB 209 million to 222 million for the first three quarters of 2025, representing a year-on-year growth of 55% to 65% [1] - The growth is attributed to the deepening of brand building and regional expansion in the cross-border social e-commerce business, alongside substantial increases in revenue and profit from the paper-based fast-moving consumer goods packaging business [1] Strategic Initiatives - Jihong Co., Ltd. plans to continue increasing investments in AI research and its own brand development to enhance its intelligent and branded cross-border e-commerce operations [1] - The company is accelerating the construction of its packaging base in the Middle East and actively exploring overseas packaging markets to achieve comprehensive business expansion [1] Technological Integration - According to Everbright Securities, the integration of AI applications into the company's Giikin system allows for seamless connection across various business processes with minimal human involvement, effectively driving business development [1]

Core Insights - The GDP data for the Northeast region in the first half of 2025 reveals a new economic landscape with Dalian leading at 464.7 billion yuan, followed closely by Shenyang with a growth rate of 10.76% [1][3] - Changchun has surpassed Harbin in the competition for the Northeast's secondary center, achieving a GDP of 375.49 billion yuan and a growth of 9.34% [1][3] - The overall data indicates strong growth in the equipment manufacturing sector driven by the digital economy, alongside a notable recovery in consumption spurred by the ice and snow economy corridor [1] Economic Performance - Dalian's GDP reached 464.7 billion yuan, up by 38.41 billion yuan from the previous year, with a growth rate of 9.01% [8] - Shenyang's GDP was 429.32 billion yuan, reflecting an increase of 41.69 billion yuan and a growth rate of 10.76% [8] - Changchun's GDP totaled 375.49 billion yuan, with a year-on-year increase of 32.06 billion yuan and a growth rate of 9.34% [8] - Harbin's GDP stood at 270.2 billion yuan, showing a growth of 20.94 billion yuan and a rate of 8.4% [8] City Developments - Fushun has established itself as a leading mid-sized city with a GDP of 49.26 billion yuan, marking a growth of 2.45 billion yuan [5] - Hegang, despite its lower GDP of 16.73 billion yuan, achieved the highest growth rate in the Northeast at 15.06% [7] - The transformation of resource-dependent cities like Hegang is highlighted by the establishment of a graphite deep processing base, capturing 20% of the global market [7] Sectoral Insights - The optical information industry cluster in Changchun has surpassed 100 billion yuan in output, with the international market share of the rail vehicle industry reaching 42% [3] - Strategic emerging industries in Changchun now account for over 35% of its economy [3] - The digital economy in Dalian has surged by 18% due to the operation of an artificial intelligence computing center [11] - The robot industry in Shenyang has generated revenues exceeding 40 billion yuan [11] Conclusion - The data reflects a significant shift in the economic dynamics of the Northeast region, with innovation and digital transformation playing crucial roles in revitalizing traditional industries and fostering new growth opportunities [11]

Core Viewpoint - The investigation into the Yunshang City cross-border e-commerce scam has revealed a complex scheme that has defrauded numerous consumers, despite the company's initial appeal through its innovative business model and quality products [1][3]. Company Summary - Yunshang City operated an online platform for cross-border e-commerce, claiming to offer imported goods at significantly discounted prices, but it turned out to be a typical "runaway" scam [3]. - Consumers who purchased products on the platform faced issues such as non-delivery of goods, platform shutdowns, and unresponsive customer service, leaving them unable to seek redress [3]. - The investigation uncovered that a substantial amount of funds was misappropriated for false advertising and high commission payments, with minimal actual procurement of goods [5]. Industry Summary - The government has initiated a consumer rights protection campaign for victims of Yunshang City, encouraging them to report incidents and provide evidence to assist in the investigation [7]. - Law enforcement has publicized a hotline for gathering more leads to expedite the prosecution of those involved in the scam [7]. - A comprehensive inspection and crackdown on non-compliant e-commerce platforms in the cross-border e-commerce sector has been launched, aimed at ensuring the healthy development of the industry and protecting consumer rights [7].