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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UK Logistics Sector Demands Role in National Strategy

UK Logistics Sector Demands Role in National Strategy

Thirty major UK businesses are urging the government to include logistics in the national Industrial Strategy, highlighting its importance to economic growth. The UK's logistics performance ranking has significantly declined due to road congestion, border delays, and underinvestment. Industry leaders are calling for long-term investment in transportation networks and the establishment of a logistics representative on the Industrial Strategy Council to improve national economic efficiency. This inclusion is deemed crucial for addressing current challenges and ensuring the UK's competitiveness in the global market.

12/30/2025 Logistics Industry Insights
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