Investment Rating - The report maintains a positive investment rating for the cross-border e-commerce industry [11]. Core Insights - Cross-border e-commerce is characterized by high customer unit prices and high markup rates, but it has a longer midstream chain, leading to significant fluctuations in profitability [22]. - The industry is currently in a recovery phase, with a projected revenue growth of 26% in 2024 and 15% in Q1-Q3 of 2025, while non-recurring net profits are expected to decline by 46% and grow by 1% respectively [3][7]. - The report emphasizes the cyclical nature of profitability in the industry, with leading sellers gaining a relative advantage [8]. Summary by Sections Introduction: Exploring the Operating Cycle of Cross-Border E-Commerce - Cross-border e-commerce involves pre-stocking goods in overseas warehouses and includes complex logistics processes such as customs clearance and last-mile delivery, making it more intricate than traditional consumer goods [3][7]. Review: Strong Profitability Cycles and Head Seller Advantages - Historical analysis shows that the penetration rate of overseas e-commerce and the share of Chinese sellers are increasing, establishing a high growth baseline for the industry [8]. - The industry is transitioning from a phase dominated by e-commerce dividends to one focused on quality and compliance, with leading sellers outperforming overall industry growth [8]. Current Situation: Negative Impacts Easing, Industry Bottoming Out - The industry is currently in a recovery phase, driven by orderly supply chain transitions and tax reforms in China's e-commerce sector, which enhance competitive dynamics among leading sellers [9]. - Inventory levels among top sellers have reached historical lows, indicating that the inventory destocking phase is nearing its end, and shipping costs still have room to decline [9]. Investment Recommendations: Lightening the Load, Performance Inflection Point Expected - The report suggests that the cross-border e-commerce industry is expected to experience a performance inflection point in 2026, with revenue and profitability on an upward trajectory [10]. - Recommended companies include Anker Innovations and Ugreen Technology, which are leveraging channel and operational advantages to build brand recognition among overseas consumers [10].

Group 1 - The core viewpoint of the news is that Jiangsu Province aims for stable economic growth with a projected GDP growth of 5.3% in 2025, maintaining the highest growth increment in the country [1] - Jiangsu's GDP is expected to reach 14,235.15 billion yuan in 2025, with industrial added value and service industry revenue growing by 6.5% and 7% respectively [1] - The total retail sales of consumer goods are projected to reach 4.64 trillion yuan, while total import and export volume is expected to grow by 6% to 5.95 trillion yuan [1] Group 2 - The profit of industrial enterprises above designated size is expected to grow by 6%, with 191 industrial enterprises achieving revenues exceeding 10 billion yuan [1] - The online consumption and live e-commerce transaction volume are anticipated to see double-digit growth, driven by cultural tourism and event activities [1] - The share of the private economy in the GDP is projected to reach 58.5%, with renewable energy generation expected to increase by 28.3% [1] Group 3 - Jiangsu's foreign trade market is becoming more diversified, with the Central Asia center upgraded to a cooperation platform for trade with Belt and Road countries, marking over 50% of imports and exports [2] - The shipbuilding and marine engineering export scale accounts for over one-third of the national total, while cross-border e-commerce platform imports and exports are expected to grow by 27.4% [2] - For 2026, Jiangsu's economic and social development targets include a GDP growth of 5%, a public budget revenue increase of 2%, and urban employment growth of 1.2 million [2]

当前，在全球化和数字化迅速发展的背景下，跨境电商已成为国际贸易的重要组成部分，持续释放发展 活力。数据显示，2024年全球跨境电商销售额达3.3万亿美元，较2020年实现翻倍，行业渗透率从7%提 升至8.6%；同期我国跨境电商交易额达2.63万亿元，较2020年增长62%，对进出口贸易的贡献率从5%提 升至5.9%，行业整体保持稳健向上发展态势。 转自：中国质量报 构建公平有序的跨境电商生态体系 《跨境电商平台企业及关联服务商经营规范》团体标准实施 本报讯 （记者徐雅臣）近日，由中国服务贸易协会电子商务专业委员会牵头制定的团体标准《跨境电 商平台企业及关联服务商经营规范》（T/CATIS 0302025）（以下简称《规范》）正式实施。这是我国 跨境电商行业首部纲领性文件，填补了我国跨境电商平台企业及关联服务商领域系统性规范的空白，为 行业提供覆盖传统业务与创新模式的全维度治理参考，助力构建公平有序的跨境电商生态体系。 神州控股科捷相关业务负责人表示，在标准编制过程中，该公司结合自身业务对跨境电商全流程业务进 行了梳理，并结合生态合作伙伴的情况，对标准内容提出了建设性意见。通过标准制定和现场参会，进 一步扩大了 ...

2月3日上午，政协第十四届东莞市委员会第五次会议上，多名政协委员分别代表不同单位和界别作现场 发言。政协委员们聚焦产业发展、莞港合作、知识产权保护、防灾减灾等，为共建"智创优品 和美宜 居"新东莞出谋划策。其中，东莞市政协委员、东莞市奥海科技（002993）股份有限公司董事长刘昊建 议，聚焦新赛道，打造"前沿科技"品牌族群。 聚焦新赛道，打造"前沿科技"品牌族群 东莞市政协委员、东莞市奥海科技股份有限公司董事长刘昊发言称，"智创优品、和美宜居"这一宏伟蓝 图，为东莞的未来指明了方向。其中，"智创优品"是核心动力，其本质在于以科技创新驱动产业系统性 升级，推动"东莞制造"向价值链高端跃迁。当前，以低空经济、跨境电商、人工智能等为代表的产业新 浪潮，正为"智创优品"注入澎湃动力，也为"打造东莞制造品牌矩阵"这一战略亮点，开辟了全新的时代 路径。 刘昊建议，聚焦新赛道，打造"前沿科技"品牌族群。建议东莞进行前瞻性布局，超越传统产业分类，围 绕低空经济、人工智能、 新能源、数字创意等新兴领域，识别和培育潜在冠军企业。设立"新质生产力 品牌培育专项"，从技术验证、场景开放、标准制定到品牌出海，提供贯穿全生命周期的支持， ...

1月30日下午，由金紫塔跨境及跨境法老联合主办的"国子年终聚会——一键跨境AI应用系统内部圈子内测发布暨跨境法老AI圈子分享会"在深圳成功举行。 本次大会以"AI系统化运营·生态共创"为主题，定向邀请行业精英，聚焦跨境电商从零散工具应用迈向系统性AI赋能的关键跃迁，吸引了包括亚马逊SPN服 务商、WOOT平台中国区唯一战略合作伙伴Frual巧豚豚等知名企业代表与会。 作为亚马逊生态的重要合作伙伴，Frual巧豚豚华南团队应邀参会，其专业服务能力与行业洞察力备受关注。会后，Frual巧豚豚中国区总裁Susie（梁书晞） 表示："AI系统化是跨境行业高质量发展的必然趋势。本次大会呈现的不仅是工具革新，更是思维与协作模式的重构。我们非常期待与这类前沿生态圈持续 对接，共同推动AI技术在供应链优化与品牌出海中的深度融合。" Frual巧豚豚项目总监Wilson（刘雨宸）补充道："从GEO战略到AI落地应用，大会内容紧扣实际业务痛点。尤其是'系统驱动'的理念，与我们服务客户过程 中倡导的数字化、可持续运营方向高度一致。我们将持续关注此类赋能系统的发展，并愿意开放合作，助力更多卖家实现技术平权下的效率跃升。" 11:27 ...

Core Insights - Zhengzhou is accelerating its transformation from an inland city to an open hub, leveraging its unique geographical and transportation advantages to enhance its role in the national unified market [2][5] Group 1: Hub Upgrades - Zhengzhou is a key node in the national comprehensive transportation network, with an expected passenger volume of 24.43 million during the 2026 Spring Festival and 1,781 planned passenger train operations [3] - The airport's cargo throughput is projected to grow from 700,000 tons in 2021 to 1 million tons by 2025, with an annual growth rate of approximately 10% [3] - Zhengzhou Airport has attracted 36 all-cargo airlines, with 8 of the world's top 10 cargo airlines operating there, covering 32 countries and 73 cities [3] Group 2: Infrastructure Development - Zhengzhou's high-speed rail network has expanded to 6,810 kilometers, with 2,263 kilometers of high-speed rail, enabling efficient connectivity to major cities within 5 hours [4] - The ongoing expansion of Zhengzhou Airport and the development of a "multi-center, networked" high-speed rail system will enhance its role in the national market [5] Group 3: Reform and Innovation - Zhengzhou is implementing an "intelligent bidding" system to streamline public resource transactions, marking a significant step towards a digitalized public resource trading environment [6][7] - The city has integrated multiple administrative procedures for business relocations, reducing processing time by 80% [7] Group 4: Economic and Trade Development - Zhengzhou has established trade relations with 226 countries and regions, with exports of electromechanical products and high-tech products reaching 345.62 billion and 277.94 billion respectively in 2025 [14] - The city's total import and export volume reached 650.18 billion in 2025, accounting for 69.5% of the province's total, with a year-on-year growth of 16.8% [14] Group 5: Future Outlook - Zhengzhou aims to unify market infrastructure, government actions, and regulatory practices while expanding both domestic and international openness [15]

这五年，玄武经济总量连破3个百亿大关，2025年GDP达1439亿元，增速5.6%，位居主城第一，服务业 增加值占比超98%、位列全市第一。 这五年，玄武锚定"1+2+2"现代化都市型产业体系，抢先布局数据要素、大模型、绿色低碳和跨境电商 未来产业，文旅产业占GDP近20%，限上社零总额占全市17%、首次位列第一，全省60个国家备案大模 型占了22个，江苏国际数据港（603881）、国际数碳谷(GDC)、玄武大模型工厂初具雏形。 这五年，玄武系统谋划片区更新、产业焕新、功能革新。红山新城蝶变为"城市新中心"，徐庄高新区打 造高品质"生态硅谷"，生态质量指数位列全省第二，连续五年入选中国最美县域。 这五年，玄武让"好日子"可感可知。15分钟教育、医保、养老、生活等服务圈基本实现全覆盖，国企物 业托管住宅小区278个、服务居民超6万户，人均可支配收入超9.5万元，连续12年保持全省第一。 5年，1800多个昼夜，南京老城玄武的"大象转身"，日月可鉴。 打破空间束缚，摆脱要素制约，布局新兴赛道，更新城市（300778）界面，解码善治之道……过去五 年，玄武以新思想新理念为指引，紧扣特大城市中心城区高质量转型的发展主 ...

制图:李斌(即梦AI生成) 1月26日，曾是深圳跨境电商铺货模式标杆的有棵树科技股份有限公司，正式宣布拟将公司名称变更 为"行云科技股份有限公司"，证券简称同步调整为"行云科技"，证券代码"300209"保持不变。 2024年12月，长沙市中级人民法院裁定确认有棵树重整计划执行完毕并终结重整程序。在此过程中，王 维及其一致行动人通过认购资本公积金转增股份，合计取得公司18.00%的股份，取代原实控人肖四 清，成为有棵树第一大股东。这一股权变动，为后续公司的"换血"埋下伏笔，也让有棵树的发展方向开 始向新股东阵营倾斜。 2025年10月，有棵树召开临时股东大会，完成董事会提前换届选举。原董事长肖四清、总经理肖燕等核 心管理层全员离任，王维提名的7名董事全部当选，占据董事会全部席位，刘海龙出任新董事长，张文 担任总经理和法定代表人。至此，有棵树的决策层与管理层完全由新股东主导，创始团队彻底退出公司 经营，为后续的品牌更名扫清了治理层面的障碍。 不过，股东内斗并未完全平息，因部分原管理层未履行离任交接义务，公司2025年第三季度财务报告迟 迟未能发布，子公司业务交接也一度受阻。 尘埃落定 突出核心产业投资人的企业品 ...

（文章来源：中国新闻网） 多家企业表示，通关效率明显提升推动运营成本有效降低。吉林隆玛特商业集团物流经理太春日介绍， 依托智能卡口系统和24小时预约通关服务，货物整体通关时间较以往缩短约10%，物流和仓储成本同比 下降约3%，日均节约通关时间近2.5小时。 宋晓宇表示，该中心对延边州外贸增长的贡献率达2.3%。下一步，海关将推动其向集物流、贸易、金 融于一体的区域性枢纽发展，进一步提升中国东北地区跨境贸易便利化水平。(完) 中新社吉林延吉2月2日电 记者2日从延吉海关获悉，2025年，延吉保税物流中心(B型)进出口总值达3.24 亿元人民币，同比增长67%，增速创2020年封关运营以来新高。 该中心位于吉林省延边州，是该省面向东北亚地区开放的重要平台，业务主要辐射韩国、俄罗斯等市 场，具备保税仓储、国际物流、跨境电商等多项功能。 延吉海关保税物流中心监管科科长宋晓宇表示，2025年中心业务快速增长，主要得益于保税仓储和跨境 电商板块的拉动。淘天集团在中国东北地区设立的首个跨境电商进口服务仓——"淘宝保税延吉1号 仓"投入运营，成为增长的重要支点。 围绕"保税仓+直播"等新业态，延吉海关创新推出"即时监管、快速 ...

针对卖家 "多平台运营繁琐、库存管理混乱" 的痛点，马帮科技华南区业务负责人毕晓明分享了全链路数字化解决方案：马帮 ERP 拉美专业版可适配美客多 本土仓的库存同步、订单管理需求，帮助卖家实现 "选品 - 备货 - 发货" 的数据化管控，而高效的运营背后，也需要稳定的物流体系做支撑。 2026 年 1 月 30 日，深圳龙岗天安云谷产业园内，美客多巴西本土卖家交流会圆满收官。这场聚焦巴西跨境电商的闭门盛会，不仅首发了美客多巴西本土仓 招商新政，更为中国卖家搭建了 "政策 + 实操" 的出海桥梁。 作为巴西电商头部平台，美客多本次交流会的 "重磅首发"，正是本土仓模式的落地，离不开高效物流体系的支撑 —— 纬狮物流作为深耕拉美跨境物流的服 务商，在展位上针对 "巴西头程物流特点""一件代发实操" 等卖家最关心的痛点，给出了全链路解决方案。 作为开场嘉宾，美客多巴西本土仓招商运营经理 Annika Li 带来了美客多巴西本土仓首次面向中国卖家的招商新政，从 2026 年巴西市场增速、消费者画 像，到本土仓的招商门槛、流量扶持政策，全方位解析了 "本土仓模式" 的红利：入驻本土仓的卖家，可获得平台搜索加权、物流时效 ...