Core Viewpoint - The Chinese cross-border e-commerce industry is experiencing a shift in dynamics due to new tariff policies implemented by the US, EU, and Japan, prompting platforms and merchants to adjust their strategies and enhance competitiveness [1][4]. Group 1: Market Trends - The European market is emerging as a new opportunity for Chinese cross-border e-commerce, with a focus on products catering to the "silver economy," "lazy economy," environmental travel, safety concerns, and silent travel [2][4]. - Advertising expenditures by Chinese platforms like Temu and Shein in Europe have surged, with EU countries seeing a 12-fold increase in monthly ad spending [4]. Group 2: Tariff Impacts - The US has reduced tariffs on small packages from 120% to 54% for items valued under $800, while maintaining a fixed fee of $100 for packages [4][5]. - The EU has proposed a €2 fixed fee for small packages sent to consumers, affecting 4.6 billion packages, 91% of which originate from China [5][6]. Group 3: Business Model Adjustments - Chinese platforms are adapting by increasing local warehousing in the US and exploring traditional logistics models similar to Amazon [7]. - The "double clearance and tax" model is being adopted by many merchants to manage logistics costs effectively [8]. Group 4: Consumer Reactions - Consumers in Europe express dissatisfaction with potential new taxes, fearing increased prices for goods that have previously been affordable through Chinese platforms [6]. - Despite price increases, some consumers continue to prefer Chinese e-commerce platforms due to their competitive pricing compared to local alternatives [8]. Group 5: Future Outlook - The overall growth of Chinese cross-border e-commerce remains strong, particularly in Southeast Asia, with ongoing improvements in product quality and design [8]. - The industry is focused on enhancing logistics and distribution systems to facilitate a shift from "buying globally" to "selling globally" [8].

Core Viewpoint - Shenzhen Haobo Window Control Technology Co., Ltd. has withdrawn its IPO application from the Shenzhen Stock Exchange, which was initially aimed at raising 570 million yuan [1]. Company Overview - Haobo Window Control was established in January 2013, with Li Zengbang serving as both the legal representative and chairman [1]. - The company primarily engages in the development and service of fingerprint door locks, control systems, access control systems, window control systems, hardware products, and software [1]. IPO Process - The IPO application was accepted on June 27, 2023, underwent inquiries on July 25, 2023, and was officially terminated on May 10, 2025 [1]. Shareholding Structure - As of December 20, 2023, the major shareholders of Haobo Window Control include: - Sun Zhaoxia: 49.06% - Bojia Investment (Shenzhen) Partnership: 23.65% - Haobo Investment (Shenzhen) Partnership: 17.02% - Shenzhen Fuhai Zhongrui No.1 Venture Capital Partnership: 5.01% - Li Zengbang: 4.85% [2].