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.
Shop The Globe is already providing unique options on a truly global platform with interests from the countries of Vanuatu, Australia, Thailand and of course many here in America.
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.
We are seeing a massive migration to the internet for our business needs. This has been one of the largest business migrations the world has ever seen, but many small manufacturing companies have not even updated their websites in years, not to mention expanded and leveraged a more efficient online capability.
Is it now time for small manufacturing to enter the world markets?
On August 9, Mrs. Wu from Hangzhou authorized a real estate agent to rent her apartment to a tenant for $880 per month. On August 28, the agent told her that his company was abandoning Hangzhou and that he had resigned the same day. Mrs. Wu has only received the rent for August. She got in touch with the tenant and was informed that he had paid upfront almost $6,000 for a whole year’s rent to the agent plus deposits. That is, the agent company charges the tenant less than $600 a month while paying the owner almost $900. Something doesn’t add up here.
After hundreds of people in Hong Kong were arrested by the police during a demonstration last Sunday, experts believe that as Beijing expands the scope of arrests through the Hong Kong National Security Law, Hong Kong will enter a difficult period. Hongkongers were supposed to vote for the Legislative Council in elections on Sunday.
After 11 months of suspension, 16-year-old student Jiang is going to a school in Shaodong to continue his studies on September 3. He is also a released suspect under investigation. It all began with an intentional aggression.
On May 17, 2019, at the Jishou No.2 High School, 15 students beat Jiang up in the bathroom. During the chaos, Jiang took out a knife and stabbed three of them. One was mildly injured while the other two were gravely hurt. Jiang got arrested on August 7 on charges of intentional aggression.
A Hong Kong man was arrested by the Hong Kong Police National Security Service on suspicion of “publishing sedition” on Sunday. According to Hong Kong media reports, the man is Tan Dezhi, the vice-chairman of “People’s Power.” Later that afternoon, nearly 300 people were arrested at a demonstration against the postponement of the Legislative Council election.
Under the Jammu and Kashmir Reorganization Act, 2019, the State of Jammu and Kashmir ceased to exist and was converted into two main territories, 86 days after the Indian Parliament abrogated its special status under the Article 370.
Chinese foreign ministry’s spokesman described the reorganization of Jammu and Kashmir and Ladakh as “void.” He highlighted that Ladakh contained Chinese territories and urged India to respect Chinese sovereignty and territorial integrity. Indian ministry of external affairs responded to this and argued that Beijing was in illegal possession of parts of the erstwhile State of Jammu and Kashmir.
The internet and business landscape are changing at rates not seen before. With this incredible change occurring right in front of us, why hasn’t the online wholesale industry adapted and become more efficient? Instead, there seems to be very little change and increased efficiency over many years.
For example: We believe each wholesale company today should have their own global storefront.
Recently, a Weibo account posted a long article titled “Loving You, Hence Raping You.” In this article, the poster, Liang Ying, accused her ex-boyfriend, Luo Guanjun, of raping her on their first date.
According to Liang, after Luo raped her, she felt shame and fear. But considering that Luo had a decent job, she became his girlfriend, unwillingly. Later, she found out that Luo had raped other girls before and had been visiting prostitutes. She also had an abortion for him, which she buried alone next to a temple.
In another article I talked about Zhang Yuhuan, who served 26 years before being sentenced not guilty. The protagonist of today has enjoyed the opposite fate.
In 1993, Batu Menghe was sentenced to 15 years for murdering his friend Bai Yongchun the year before. Bai’s mother, Han Jie, was expecting a severer sentence. But Batu was only 17 years old by then and turned himself in after the crime, so he didn’t receive the death penalty. However, to Han’s surprise, Batu didn’t even fulfill this lighter punishment.
The United States has announced sanctions against 14 companies in Iran, China, and the United Arab Emirates for violating sanctions against Iran’s oil and petrochemical industries. The US Treasury Department has added a number of individuals and companies to its sanctions list as part of its “Maximum Pressure” policy.
United Nations human rights experts jointly sent a letter to the Chinese government stating that the Hong Kong National Security Law “infringes certain fundamental rights,” and expressed concern that the law may be used to prosecute political dissidents in Hong Kong.
On December 31, 2018, Mrs. Huang was walking with her two friends while a car suddenly hit them in Sichuan. The driver, Ma, drunk at that moment, fled the spot right away. Mrs. Huang passed away after a few weeks in the hospital, while her two friends survived. On January 2, 2019, Ma turned himself in accompanied by his family.
Is the global free markets wholesale business the most inefficient market in the world?
With the exposition of the internet and online retail business, has the wholesale market kept up with its peers?
Not only has the wholesale market not kept up, but the industry’s failure to keep pace with Amazon is a key reason why Amazon has been so successful and the wholesale industry has done very poorly. Amazon reached out to the Chinese wholesale industry directly with many seminars in China, and Amazon even started their own shipping business to move goods from China to the US and then directly into their prime marketplace.
In 1993, two kids were found dead in a pool in Jiangxi. They were strangled first and then dumped there. The police soon arrested Zhang Yuhuan, a local farmer whose clothes were found nearby and with scars on both arms. One year later, he received a death sentence with reprieve.
On August 4 this year, after almost 27 years behind bars, Jiangxi Higher People’s Court reviewed the case and discovered that in the original trial, the evidence was not clear. Base on the presumption of innocence, Zhang is sentenced again as not guilty, after 9,778 days in prison, the longest record of its kind in China.
German Foreign Minister Heiko Maas called on China to withdraw the “Hong Kong National Security Law” when meeting with Chinese Foreign Minister Wang Yi in Berlin on Tuesday. He said to Wang, “we hope that the principle of “one country, two systems’ can be implemented.”
The US Department of Defense submitted its annual “China’s Military and Security Development Report” to Congress on Tuesday. It is estimated that in five years, China will double the number of nuclear warheads in the next 10 years from the current 200. It may threaten the United States.
Chinese Foreign Minister Wang Yi said after meeting with German Foreign Minister Maas that there is still a great opportunity to complete the negotiations on the China-EU investment protection agreement within this year. Maas said the EU will also defend its values beyond its borders.
On Taobao, China’s largest online shopping website, you can find almost any products and services. Recently, a product there has raised tons of discussions. Several online shops sell sanitary pads in bulk, and in one of them, one questioner asks: “these pads in bulk are clearly three-without products (without brand and fabricator, without expiration date and without quality certificate), why are you girls even buying them?” The answers below can be, sadly, concluded in a sentence: because life is difficult.
On August 28, a 3-year-old girl in Hunan went to celebrate her granny’s birthday with her parents. After the party, she entered the elevator first. Just when her granny was about to step in, the door of the elevator closed. The girl panicked, jumped around and pressed a few buttons. The elevator took her to the fourth floor. She went out and saw no one there, so she went back in. The elevator took her to the eighth floor. She went out again. This time, she didn’t come back, neither did she find her family.
As a wholesaler, you can increase sales and global awareness if you know how to find the right platform.
There are three basic ways to sell your product:
- Sell directly to customers via your website.
- Sell to retail stores, which then sell to customers.
- Post at a wholesale distributor, which sells to retail stores.
In our small business we are involved with all three, but I would like to introduce you to wholesaling online, a newer global concept.
For years, many online shops on Taobao and Tmall have hired people, especially students and housewives who have lots of free time and want to earn some extra money, to forge orders and good product reviews. It’s called “Shuadan” in Chinese. These hired “customers” browse and buy the products in exactly the same way that a normal customer would behave.
Ant Financial Services Group, the world’s highest valued FinTech company, released its prospectus on August 25. Jack Ma, the founder of the Alibaba empire, will have a shareholding of no more than 8.8%. Furthermore, Jack promises to donate 610 million stock shares to charity (which will account for around 2% of the company’s market value), especially on education, entrepreneurship and female leadership. On August 26, Alibaba reaches its highest ever stock price. The total value passes 6 trillion HKD, which is over $774 billion.
The Hong Kong police launched another large-scale arrest on the morning of August 26. At least 16 people were arrested, including pro-democracy members Xu Zhifeng and Lin Cheuk Ting. Ten people were arrested for the Tuen Mun incident on July 6 and the Yen Long incident on July 21 last year.
Buying wholesale online products and selling them at retail prices can be the foundation of a solid and vibrant business. The concept is very simple: find an outstanding product, one that hopefully is unique to your business, purchased at a low price. Then sell it at a higher price, and repeat.
On August 23, Hong Kong student activist Joshua Wong posted on his Facebook saying that he had been “harassed” by a local woman while walking a dog with his family. Soon, on Weibo, the video recorded by the woman was released too. In this video, the recorder blamed Wong for being a bad example for the young generation in Hong Kong and asked how much bribery he had accepted in a quite sarcastic way. She called him a national traitor.
On August 22, a 15-year-old girl jumped off a 25-floor building in Sichuan and fell on her father, who was trying to catch her. Both passed away later in the hospital. According to a witness, the mother of the girl was in the elevator to the roof at that moment. For now, there are two speculations over the cause on the internet. One says that she didn’t want to take more piano classes and that the classroom is in fact in the same building, while the other claims that the girl had been depressed for a long time and she had a history of self-harm. Local police reported the case and pleaded for people to stop circulating related videos out of respect.