October National Day holiday is coming! The good news that RMB has become the fourth largest payment currency in the world is bursting! The sea freight has returned to the lowest point in the past two years, and the depreciation of the RMB exchange rate is nothing more than a good thing to promote the development of foreign trade! Enterprises have deployed overseas. At the same time, the competition between the old brand and the emerging platform has also begun! With Pinduoduo, Douyin, JD.com, Ali and other big companies all over the world, the sales season of gold, silver and silver in the foreign trade industry is coming! Judging from our overall economic data in China, it still maintains a good growth trend! What matters need our attention in the future?

1. In response to the slowdown in e-commerce sales growth, Amazon freezes retail business recruitment!

On October 5, it was reported that Amazon ’s retail business has frozen hiring , once again indicating that the world’s number one e-commerce company is adjusting to the slowdown in e-commerce sales growth by adjusting its total workforce. Amazon’s retail business hiring will remain frozen until the end of the year. The freeze applies to corporate positions in Amazon's global store division. Amazon has become the latest tech company to try to rein in costs amid signs of weakness in the economy.

Amazon CEO Andy Jassy has promised to roll back some of the pandemic-era expansion measures that have left Amazon with too much warehouse space and too many employees. Reports say the company has closed, delayed or abandoned plans to build dozens of warehouses in the U.S. and Europe. Amazon cut nearly 100,000 jobs from March to June, the largest quarterly drop in headcount in the company's history. The company said the layoffs were mainly through attrition. As of June 30, Amazon had more than 1.5 million full-time and part-time employees.

Second, the European and American stock markets collectively rose!

On October 4th, European and American stock markets staged a big carnival. US stocks continued to rise in early trading on Tuesday, and the three major stock indexes all rose by more than 2% . U.S. stocks opened higher and moved higher again, with the three major indexes collectively closing up. The energy sector was the top gainer, with big tech stocks rising collectively. U.S. stocks opened higher and moved higher for the second consecutive trading day, with the three major indexes collectively closing up. As of the close, the Nasdaq rose 3.34% to 11,176.41 points; the S&P 500 rose 3.06%, the largest two-day gain since April 2020, at 3,790.93 points; the Dow Jones index rose 2.8% to the 30,000-point mark , reported 30316.32 points.

stock market

European stock markets also closed up collectively. Germany's DAX30 index rose 3.78% to 12,670.48 points, France's CAC40 index rose 4.24% to 6,039.69 points, and the UK's FTSE 100 index rose 2.57% to 7,086.46 points.

3. The giants have deployed cross-border e-commerce one after another, and the overseas battle between China's new and old platforms has begun!

With the recent news that the RMB has fallen below the 7.2 mark against the US dollar, it is undoubtedly a major boost for foreign trade companies! In the context of the increasing domestic e-commerce dividends, Pinduoduo launched the B2C platform Temu on September 1. The old Alibaba International Station and AliExpress have been online for many years, and the effect of Douyin's Tiktok going overseas has been obvious! Domestic e-commerce giants (Alibaba, JD.com, Douyin, Pinduoduo) have assembled! A few days ago came the first cooperation between JD.com and FOBGOODS! Earlier, FOBGOODS reached a cooperation agreement with many Tik Tok sellers. As a representative of B2B emerging, it can be said that the growth momentum is quite strong in recent years, and domestic e-commerce giants have all deployed overseas! The data report released by FOBGOODS recently shows that the user and merchant ports have maintained a rapid growth of 4.65 and 7.6 times!

data growth

This is also a battle between emerging platforms and established platforms! Just like Shanghai and Shenzhen, one is an established city and the other is a rising star. The future is difficult for Ali. While the domestic market share is being seized by Pinduoduo and JD.com, the cross-border overseas business is also hit. Overseas C-side traffic users are frantically being seized by Tiktok and Pinduoduo, and B-side large customers It was madly seized by FOBGOODS again. JD.com Global Trade, which JD.com launched this year, went to the RTS of Ali International Station. The most eye-catching this year is the one known as the "troika" of emerging foreign trade platforms in 2022: Tiktok, SHEIN and FOBGOODS, forming emerging representatives of B2C, independent stations and B2B. I believe that with the country's strong support for Chinese brands to go overseas and made in China, there will be more Chinese brands going to the world!