Crossborder Tong Executives Fined for 150M Accounting Fraud

Crossborder Tong Executives Fined for 150M Accounting Fraud

The Shenzhen Stock Exchange publicly condemned Global Top E-Commerce (Cross-border Tong) for financial fraud. Its subsidiary, Globalegrow, overstated profits by 1.5 billion RMB, resulting in penalties for multiple executives. The company's performance has declined, highlighting compliance management as a lifeline for the industry. This incident underscores the accelerating shake-up in the cross-border e-commerce sector, where those who adhere to regulations will ultimately prevail. Compliance is now paramount for survival and success in this evolving market.

12/30/2025 Logistics Industry Insights
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Pinduoduo Expands Crossborder Sourcing for Businesses

Pinduoduo Expands Crossborder Sourcing for Businesses

This article details how cross-border e-commerce sellers can efficiently collect Pinduoduo products and list them in their overseas stores using data collection tools like Tongtool Listing. It covers pre-collection preparations, two collection methods, post-collection processing and listing procedures, and the selection and precautions of collection tools. The aim is to help sellers simplify the listing process, expand sourcing channels, and improve operational efficiency. The article provides practical guidance for streamlining product acquisition from Pinduoduo for cross-border sales.

12/30/2025 Customs Knowledge
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Global Customs Experts Address Ecommerce Valuation Hurdles

Global Customs Experts Address Ecommerce Valuation Hurdles

The World Customs Organization's inaugural E-commerce and Customs Valuation Symposium addressed the challenges of valuing cross-border e-commerce goods. Representatives from international organizations, customs administrations, and businesses discussed data acquisition, valuation methodologies, compliance costs, and fraud risks. The symposium emphasized international cooperation, technological innovation, and process simplification to foster a fair, transparent, and efficient cross-border e-commerce environment. The aim is to promote global trade development by addressing valuation complexities and ensuring accurate revenue collection while facilitating legitimate trade flows.

01/05/2026 Customs Knowledge
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US Keeps 800 Dutyfree Threshold Amid Upgrade Concerns

US Keeps 800 Dutyfree Threshold Amid Upgrade Concerns

The upgrade of the US Customs ACE system raises concerns about the $800 duty-free threshold. While the policy is expected to remain unchanged in the short term, the system upgrade signals stricter compliance oversight. Cross-border e-commerce sellers should prioritize product quality, optimize supply chains, and closely monitor policy trends to adapt to future market changes. The ACE upgrade suggests a shift towards greater scrutiny of low-value shipments, potentially impacting the competitiveness of some cross-border businesses.

01/05/2026 Customs Knowledge
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Ecommerce Firms Optimize Global Shipping Payments for Cost Savings

Ecommerce Firms Optimize Global Shipping Payments for Cost Savings

This paper delves into the synergistic mechanism between international express delivery and cross-border payment systems, emphasizing the importance of "logistics fulfillment triggering fund settlement." Businesses need to build end-to-end data pathways to optimize capital turnover efficiency within a compliance framework. By constructing a unified data platform, optimizing payment processes, strengthening risk management, and improving compliance levels, cross-border e-commerce can achieve cost reduction and efficiency gains. This approach ensures seamless integration and streamlined operations in the global marketplace.

12/30/2025 International Settlement
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Global Ecommerce Firms Turn to Freight Forwarding for Cost Savings

Global Ecommerce Firms Turn to Freight Forwarding for Cost Savings

This paper delves into the core aspects of international freight forwarding services for cross-border e-commerce, including transportation mode selection, customs clearance, warehousing management, and delivery optimization. It aims to help businesses understand how to choose suitable transportation methods, successfully complete customs procedures, optimize warehousing management and delivery strategies, thereby reducing logistics costs, improving efficiency, and enhancing cross-border e-commerce competitiveness. The analysis provides insights into streamlining the supply chain and achieving operational excellence in the global marketplace.

01/05/2026 Logistics Encyclopedia
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Cold Chain Logistics Faces Higher Costs Risks Than General Cargo

Cold Chain Logistics Faces Higher Costs Risks Than General Cargo

This paper delves into the core differences between cross-border cold chain logistics and general cargo logistics, focusing on temperature control, timeliness, risk management, and cost structure. It provides enterprises with differentiated transportation options and cost optimization strategies, emphasizing the importance of refined management and professional consulting. The analysis aims to help businesses navigate the complexities of cross-border cold chain, ensuring product integrity and efficiency while minimizing expenses. It highlights the need for specialized expertise and tailored solutions for successful implementation.

12/31/2025 Logistics Encyclopedia
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