Manufacturing Buyer is changing
The world markets for manufacturers and online eCommerce has and is radically changing. Where today’s buyers of manufactured goods are rapidly adopting the newer approaches, they are adopting a much faster and more effective shopping path for manufactured goods, especially in developing counties.
Getting in one last bit of work before the long weekend, the US Census Bureau released its Monthly Advance Economic Indicators Report for October on the day before Thanksgiving. Advance wholesale inventories were up for the month of October, by 0.9%. The August to September percentage change was revised from up, 0.4% to up 0.7%.
Hong Kong activist Joshua Wong pleaded guilty to inciting and staging illegal demonstrations in the Special Administrative Region, and risks up to five years in prison. The activist was remanded in custody on Monday after the first court hearing in his case, related to his involvement in pro-democracy protests in Hong Kong last year.
Late last month, sports equipment company Under Armour announced it was cutting ties with some 2,000 retailers over the next two years. In doing so, Under Armour would focus on building up its direct-to-consumer business. Promo Marketing reported a more than 50% growth in Under Armour’s e-commerce business during the third quarter, with a 17% increase in direct-to-consumer sales.
Gone are the days when we used to book flights and buy tickets without thinking about travel bans and restrictions. Unfortunately, everything has changed in the past few months – be it businesses, the education sector, or travel. The travel and tourism sector has massively suffered during the crisis. Not only airlines but almost all major tourist attractions and cruise lines have also been shut down during the pandemic.
The Five Eyes alliance, comprising of the US, UK, Canada, New Zealand, and Australia, issued a joint statement on Wednesday, in which they expressed their “grave concern” over the autocratic actions of China against Hong Kong. The statement was issued through their respective foreign ministers.
After the Hong Kong government canceled the qualifications of four pro-democracy legislators last week, the Foreign Ministers of the “Five Eyes Alliance” issued a statement on Wednesday, expressing concerns about China’s practices. They called on the Chinese government to stop destroying the rights and freedoms of Hong Kong people.
Founded in 2015, Pinduoduo is without doubt the fastest growing tech company in the world. In merely five years, it has become the strongest rival of Alibaba Group in China. Huang Zheng, the founder, is now the 4th richest man in China, 24th in the world. Together with other Chinese tech giants like Alibaba, Tencent and ByteDance, they have become the dream destination for most Chinese coders. Recently, a bathroom problem might make jobseekers think twice before applying to Pinduoduo.
You probably never dreamed you’d be in search of a job during a global pandemic. Talk about challenges, right? Okay, before you get down and think your chances just slid to the floor, let’s look at what you can do to make the most of your time, and how you can land that next job interview.
One of the first things to consider is how you present yourself to others. Have you evaluated your personal brand lately? What makes you a valuable candidate to prospective employers? How will you stand out in a crowded marketplace? What transferable skills do you have? What are your strengths and how can you amplify them? Consider what courses are available to help you stay competitive in your industry. By evaluating your personal brand, you’ll get an overarching view of how potential employers see you.
All of Hong Kong’s opposition MPs resigned en masse on Wednesday in protest of the removal of four of their colleagues by the local government. A new resolution from Beijing allows the Hong Kong government to remove dissident members of the Legislative Council.
“You know that Michelle from Africa? First Lady, her wig was made in our village.” Although someone reminded her that Michelle is an American, Zhou doesn’t think there is a difference. All that matters is that the most famous black female in the world wears a wig from Xuchang. Right now, however, the wig industry in Xuchang is having a hard time.
The rumors started at around 8:50 pm. On November 3, first Shanghai Stock Exchange announced the halt of Ant Group’s IPO on November 5, then HK Exchanges and Clearing and Ant Group published the same announcement. In less than one hour, the originally planed world’s largest IPO died on the vine. At $34.5 billion, it could have broken the record set by Saudi Aramco’s $29.4 billion IPO last year. It’s worth noting that the current second largest IPO was set by Alibaba at $25.0 billion. Both Ant Group and Alibaba were founded by Jack Ma, the richest man in China.
Necessity is often the mother of investment. The Great Lockdown, itself made necessary by the coronavirus pandemic, has caused the disruption of many sectors of the economy, a tidal wave of business closings, and even the collapse of entire industries. However, as is often the case in economic downturns, it’s not all bad news.
Seven members of the pro-democracy opposition in Hong Kong were arrested today for being involved in the clashes in May in the parliament of the Chinese special administrative region, the police announced. “All arrestees are being detained for further inquires. The operation is under way and further arrests may be made,” the police said.
Beijing. Back from work, parking the car. Even the underground parking lot has a chandelier, shedding light on the luxury cars around. Their owners might be executives at different industries. To get to the elevator, people will pass the four-season entrance hall, with tropical plants and a fountain in the middle. The house will be designed in the popular modern Chinese decoration style, outside of whose windows the lake nearby becomes a favorite for birds…
The four Hong Kong activists who sought protection at the U.S. consulate had previously contacted the diplomatic service, according to a British-based organization that helped several young Hong Kong people go to the US consulate.
On Thursday, Starbucks announced the company’s fourth quarter financial report. Starbucks’ fourth-quarter revenue was $6.203 billion, a decrease of 8.1% from last year. Among them, revenue in the Americas was $4.233 billion, a decrease of 9% from last year. International revenue was $1.492 billion, a decrease of 5%.
Foxconn never lacks for a labor force. For Foxconn, if they can’t get enough workers for $3.57/h, the easiest solution is to make it $3.72/h. During this past September, right before the launch of the iPhone 12, over 1,000 new workers joined Foxconn Zhengzhou every day, at $4.62/h. Among them, some are the 2000s. This generation is already a growing labor force. According to a government report, over 40 million 00s entered the labor market right after high school.
On Wednesday, the U.S. Census Bureau released a preliminary report on data pertaining to wholesale inventory for the month of September. Wholesale inventory in the United States was shown to have decreased by 0.1% in September. This is compared to a 0.3% increase in August, which itself was revised from 0.4%.
In 1996, Zhang Guimei applied to transfer herself to teach at a school in a remote village, Huaping, after her husband passed away of cancer. One year later, she was diagnosed with uterine fibroids. Seeing the conditions in which local female students were living, she decided to dedicate the rest of her life to help these girls to “fly out of the mountains and never come back.” In 2008, after years of extreme hard work and with the help of local government, Huaping Female High School (HFHS) was founded, the first free female high school in China.
On October 17, Zhou Zhennan, leader of a popular Chinese idol boy band R1SE, posted “I really don’t know how to go on” on Weibo, where he has over 18 million followers. In the comments, he added “please stop calling and texting my parents, my family is my limit.” The post trended and people assumed it’s about “Sisheng,” fans who interfere with celebrities’ personal lives, which has been bothering many celebrities in China.
The Associated Press reported last week that US wholesale prices jumped 0.4% in September, continuing a three-month trend. This is in contrast to a Reuters report, also from last week, which showed a 0.8% drop in Japanese wholesale prices over the same month.
The Hong Kong Securities and Futures Commission fined Goldman Sachs (Asia) Co., Ltd. a record $350 million (HK$2.71 billion) on Thursday, saying they made “serious lapses and deficiencies in its management supervisory, risk, compliance and anti-money-laundering controls.”
Yesterday, Ant Group’s Hong Kong IPO has been approved by the Hong Kong Stock Exchange, and the public offering has entered a countdown stage. The data shows that due to the enthusiasm of global investors, Ant’s IPO plan in Hong Kong stocks has pushed the demand for Hong Kong dollars to historical highs.
The South China Morning Post reported that Cathay Pacific will lay off 6,000 employees and end its Cathay Dragon brand as part of a strategic assessment to deal with the unprecedented damage caused by the new coronavirus pandemic. The SCMP said the Hong Kong airline is expected to officially announce the plan after the close on Wednesday.
In recent years, more students in China have chosen to obtain a master’s degree or a PhD as a way to postpone their entrance into the labor market, either out of a mere hope of increasing their competitiveness in the future, or simply because they haven’t found a proper job. However, graduate education is not meant for everyone. The pressure of being able to graduate on time, the relationship with academic supervisor, the higher expectations from the society…For the students, it has become a question of who gives up first.
On the morning of October 19th, Alibaba (09988.HK/BABA.NYSE) announced that it had agreed to acquire Auchan Retail International SA and its affiliates through its subsidiary Taobao China investment totaling approximately HK$28 billion ($3.6 billion US dollars) Jixin Holdings Co., Ltd. shares 70.94%.
On October 15 Mao Hongtao posted for the first time on Wechat Moments. Families and colleagues tried to reach him after seeing the post, but his phone was already turned off. On the same day, local police got involved and the news trended on Weibo. The next day his body was found in Jiang’an River, close to his house in Chengdu. Police concluded it was a suicide. Mao was the Party Committee Secretary (PCS) of Chengdu University, a mayor-level official according to the current civil service hierarchy in China.
Earlier this week, Reuters reported that Japanese wholesale prices fell by 0.8% in September, marking the seventh consecutive month of year-on-year declines. Prices also declined by 0.2% as compared to August, the first on-month decline in Japan in four months. Their data was courtesy of the Bank of Japan (BOJ).
The Free World believes in democracy. The Free World believes in freedom. Corona virus has crippled the free world. The free world has gone into quarantine. Until comes the vaccine for Corona the future of the free world is to go into quarantine return to normalcy and return to quarantine again. Israel went into quarantine and returned to normalcy only to return again to quarantine. The same is true for the whole world. Quarantine is bondage to the free world much more than to China and communist nations.
Taobao, Tmall, Jingdong, Pinduoduo…Endless competition between different online shopping websites in China has greatly benefited domestic online shoppers. Thanks to competition between couriers, most products can be delivered very fast and free of charge. But all people will not be satisfied. Consumers keep demanding cheaper products. In recent years, a new word, “Yangmao Dang,” has been created to describe people who seek deals on different websites. Yangmao means woolen fleece in Chinese. These deal hunters are like shearers who cut Yangmao off the sheep (in this case, the online shops).
At 3 pm on October 20, 2019, 10-year-old Qi called her mother saying that she had just finished her art class and that she was on the way home. It’s a 15-minute walk. At 3:50 pm, with still no sign of her daughter, Mrs.Wang went out to look for her with family members. At around 7 pm, they found Qi in a bush a few hundred meters away from home, covered in blood and pants off.
India’s GDP has just dropped by a whopping 24% in the last quarter, one of the biggest drops globally. The core reason for this significant decline was that India had one of the strictest COVID 19 economic lockdowns in the world.
This greatly and negatively affected the livelihoods of millions of Indians. So what can Indians do to repair their economy and increase lost incomes for their millions of citizens? A study has shown almost all countries need to grow and establish new Global Value Chains (GVC). Almost nothing has been proven better to raise incomes and reduce poverty, while requiring very little government involvement or costs.
Many industries and sectors across the global economy have greatly suffered as a result of the coronavirus pandemic and the associated recession caused by the Great Lockdown. Demand for some goods and services has simply collapsed, while in other areas, the means of distributing them to retailers or consumers has been severed or greatly disrupted.
Indonesia is the largest economy in Southeast Asia, both in terms of population (267 million people) and economic size with a GDP of $1.12 Trillion.
Can this archipelago’s future economic growth match demographic youthful transition for the next few years with an average age of their citizens at 30.5 years? Studies have shown and Indonesia needs to expand their global value chain, as it has been proven to raise incomes and reduce poverty.
The coronavirus pandemic, and the associated Great Lockdown designed to contain it, have wreaked havoc on the global economy throughout 2020. The global wholesale market is no exception. Forecasters believe this typically robust market will experience an industry-wide decline over the course of the year.
Had nothing happened, Lamu would be in the mountains digging up Notopterygium roots, a traditional medical herb in China. Once she’s back at home, she would stream for a while on TikTok to chat with her fans. On September 14, while Lamu was streaming in her kitchen, fans saw a man enter the room before the screen went black.
Hong Kong Chief Executive Carrie Lam today praised the controversial Chinese national security law imposed on Hong Kong, saying that it has restored peace in the city, and helped end the pro-democracy movement protests therein. Lam made her remarks as part of the 71st anniversary of the founding of the People’s Republic of China.
Online games have witnessed an unprecedented surge in China, with a projected market volume of $4.5 billion in 2020, highest in the world. Even some universities have created majors related to online games management. Companies have developed a series of new services trying to grab market share, including a peculiar one called “peiwan.”
Shop The Globe is a fast growing online wholesale option and we believe that if you’re a buyer or seller you need to start reviewing these very unique options for products. This is truly a better global wholesale platform.
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Zhu Jianqiang, which means Strong Pig in Chinese, is the name of a pig that survived under rubble for 36 days after the 8.0 MS Wenchuan Earthquake in 2008. It has become a symbol of survival in China ever since. Since September 2014, a namesake company started to enter people’s daily lives.
Japan’s new Prime Minister Yoshihide Suga spoke for the first time with Chinese President Xi Jinping on Friday. The leaders of the two countries agreed to “closely cooperate” on bilateral and international issues but did not discuss Xi Jinping’s plan for a state visit to Japan.
Hong Kong pro-democracy activist Joshua Wong, who was detained Thursday and released hours later, has called for intervention by the international community in the case of the group arrested in China more than a month ago. Wong was arrested when he appeared at the Central Police Station for judicial control.
RangeMe is a service that specializes in helping connect wholesalers to buyers. They offer their services with two different perspectives: sServices for the buyers, and services for the wholesalers.
Buyers are of course offered accounts for free. It’s a great way to browse products and find connections to new providers you may not have had dealings with before, all at your fingertips. The wholesaler side of the business is a bit darker though.
Germany announced the creation of the new technology to assist in providing the accurate crowd numbers. At the end of August, thousands took to the streets in the “anti-Corona protests”. There was an attempt to close Berlin by the law enforcement. The government tried to stop the planned demonstration due to the concern of the Coronavirus spread.
Covid-19 continues to be rampant in many countries, except where it broke out first: China. According to the latest statistics, on September 18, there were only 18 new confirmed patients, all travelers from other countries. Even so, the Chinese government is extremely careful with these imported cases. On September 13, in Ruili, two illegal travelers from Myanmar were reported to be infected. The next day, the local government quarantined the entire city and started to carry out massive PCR testing. In just three days, they’ve already completed 95,362 tests (all negative), and more underway.
For five months, internet users in China have been waiting for the result of a special case. On April 9, Yantai Police Department announced that they were officially investigating an alleged statutory rape. A girl, Li Xingxing, claimed that her foster father, Bao Yuming, had been raping her for the past three years. The news heated up when people found out that Bao is a board member of the ZTE Corporation (he was kicked out right after the news).
Chinese virologist Li-Meng Yan, who worked in a Hong Kong lab, published a report on Zemodo, an open-access digital platform, alleging the SARS-CoV-2 virus is manmade. According to Dr. Li’s abstract, “SARS-CoV-2 shows biological characteristics that are inconsistent with a naturally occurring, zoonotic virus.”
Due to the Covid-19, it has become harder to seek certain services in other countries, which forces people to turn to their domestic markets. On the one hand, according to a report by China Population Association, one in every six Chinese couples have fertility issues. On the other hand, in China, surrogacy is illegal.
While most industries suffer from the Covid-19 this year, one keeps thriving: food delivery. However, more often than not, the winner of the game is the capital. The frontline workers are the ones who make it all great, not the ones to benefit from it. These days, an article called “Takeaway Riders, Stuck in the System” has sparked waves of discussions online.
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