escobar
Brigadier
Chinese e-commerce parcels are now 60% of the international air cargo market: Temu & Shein
Chinese Economics Thread
- Thread starter Norfolk
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Interesting thing is these global giants like Temu, Shein and Aliexpress operates in the de minimis teritorry. These packages from what I read are exempted from tarifs etc. I believe in the next phase of trade war, de minimis will basically be made non usable. (2025+ years) I think it will hit hard Chinese ecommerce giants, and additional inflation in usa and europe but a 3rd party western importer will earn money.
2 weeks old news but didn't post this ..
The number of South Korean shoppers using Chinese online shopping sites including AliExpress and Temu is surging at an alarming rate. AliExpress last month outperformed South Korean online marketplace 11Street to become the second most used online shopping store favored by South Koreans. Our Bae Joo-yon has more.
Report: According to mobile app analytics service Wiseapp Retail Goods earlier this month, nearly eight-point-two million South Koreans used the AliExpress app as of February 2023. That’s up a whopping 130 percent compared to February 2022 and a record high since the company began compiling relevant data since 2016.
Last month, AliExpress, held by the Alibaba Group, came second among the list of most-used online stores by South Korean shoppers, outpacing 11Street.
Temu, another Chinese online retailer, placed fourth since launching its services in South Korea last July, overtaking South Korean shopping sites Gmarket, TMON and Wemakeprice.
Amid such surging figures, insiders say Alibaba Group recently submitted to the South Korean government a business plan to set up a 180-thousand square meter-big logistics center in the Seoul metro area within the year with an investment of 200 million dollars.
Such a base would arm the Chinese retailer with not only the competitiveness but also faster delivery time, and help its push to emerge as a greater threat to domestic e-commerce firms.
Industry insiders say that in pursuing such a plan, AliExpress likely took into account a global investment strategy, looking beyond that of supply and demand in South Korea.
The Chinese firm was found to have been using Incheon International Airport as its global shipment hub since last year.
According to data released by the Incheon International Airport Corporation, the airport handled 98-thousand-560 tons in sea and air freight last year, up more than 43 percent compared to the previous year, the highest posted since the airport opened. Nearly 97 percent of such cargo departed from China.
Under the sea and air freight logistics system, products, mostly from China, are transported by sea to ports along South Korea’s west coast, including Incheon Port, and then are delivered by planes across the world from Incheon International Airport.
Some insiders believe that AliExpress may be seeking to play the role of a platform for exporting K-food products by combining a logistics edge and global sales networks.
No. of South Koreans Shopping through Chinese Online Retailers Growing at Alarming Rate
The number of South Korean shoppers using Chinese online shopping sites including AliExpress and Temu is surging at an alarming rate. AliExpress last month outperformed South Korean online marketplace 11Street to become the second most used online shopping store favored by South Koreans. Our Bae Joo-yon has more.
Report: According to mobile app analytics service Wiseapp Retail Goods earlier this month, nearly eight-point-two million South Koreans used the AliExpress app as of February 2023. That’s up a whopping 130 percent compared to February 2022 and a record high since the company began compiling relevant data since 2016.
Last month, AliExpress, held by the Alibaba Group, came second among the list of most-used online stores by South Korean shoppers, outpacing 11Street.
Temu, another Chinese online retailer, placed fourth since launching its services in South Korea last July, overtaking South Korean shopping sites Gmarket, TMON and Wemakeprice.
Amid such surging figures, insiders say Alibaba Group recently submitted to the South Korean government a business plan to set up a 180-thousand square meter-big logistics center in the Seoul metro area within the year with an investment of 200 million dollars.
Such a base would arm the Chinese retailer with not only the competitiveness but also faster delivery time, and help its push to emerge as a greater threat to domestic e-commerce firms.
Industry insiders say that in pursuing such a plan, AliExpress likely took into account a global investment strategy, looking beyond that of supply and demand in South Korea.
The Chinese firm was found to have been using Incheon International Airport as its global shipment hub since last year.
According to data released by the Incheon International Airport Corporation, the airport handled 98-thousand-560 tons in sea and air freight last year, up more than 43 percent compared to the previous year, the highest posted since the airport opened. Nearly 97 percent of such cargo departed from China.
Under the sea and air freight logistics system, products, mostly from China, are transported by sea to ports along South Korea’s west coast, including Incheon Port, and then are delivered by planes across the world from Incheon International Airport.
Some insiders believe that AliExpress may be seeking to play the role of a platform for exporting K-food products by combining a logistics edge and global sales networks.
supercat
Major
More than 95% of China's population now has basic medical insurance.
The word "slowdown" should be replaced with "restructuring" and then they might get it a bit more.
They aren't mutually exclusive, and while a well-executed restructuring shouldn't tank the economy (ideally the opposite, in the long-term) a short-term slowdown is hardly unrealistic. Property is a big drag.
Of course, NI is more of a broken clock twice a day kind of source.
National Interest as usual, absolutely do not get it. It's about time high tech sector gets more investment. There is plenty of money to go around. Real Estate will get investment when the market calls for it. That's how economy works. Bank lending doesn't have a fixed budget. Banks will lend when there is opportunity. So, this is absolutely not stealing Paul, to pay Peter
China still has roughly 300 million people which need to move from rural areas into cities before it reaches similar urbanization to the US.
The construction sector is currently under stress due to its unsustainable high debt load created during the bubble. So the sector needed a debt restructuring at minimum if not a complete overhaul. The Chinese government is thus far letting the sector self-adjust after adding hard limits on debt load of real estate firms. Indebted companies are undergoing bankruptcy procedures and their housing and land stock will be resold.
The fundamentals of people needing lots of new houses in China have not changed. So the sector will eventually recover.
The construction sector is currently under stress due to its unsustainable high debt load created during the bubble. So the sector needed a debt restructuring at minimum if not a complete overhaul. The Chinese government is thus far letting the sector self-adjust after adding hard limits on debt load of real estate firms. Indebted companies are undergoing bankruptcy procedures and their housing and land stock will be resold.
The fundamentals of people needing lots of new houses in China have not changed. So the sector will eventually recover.
Sure, I don't disagree. But a necessary and frankly overdue slowdown is still a slowdown. The property debt restructuring will be compensated to some degree by the increased focus on technology and manufacturing, of course, and under ideal circumstances growth will not be dramatically affected. That being said, rebalancing such a large sector is not easy and will take time.