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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Global Airlines Adopt Simplified Tax System to Cut Costs

Global Airlines Adopt Simplified Tax System to Cut Costs

IATA and SAS are hosting a webinar focusing on the complex tax and fee challenges faced by airlines. The webinar will share IATA best practices, SAS practical experience, and introduce the TTBS tool to help airlines simplify compliance processes, reduce management costs, and ensure accurate and timely financial settlement. This will enable airlines to gain a competitive edge in the demanding aviation market. The webinar aims to streamline operations and improve financial performance by addressing the intricacies of aviation taxes and fees.

12/30/2025 Logistics Industry Insights
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Zilingos Liquidation Highlights Risks in Crossborder Ecommerce

Zilingos Liquidation Highlights Risks in Crossborder Ecommerce

Zilingo officially announced its liquidation, marking the fall of a once $1 billion e-commerce unicorn. This event serves as a warning to cross-border e-commerce companies that reckless expansion, financial irregularities, and chaotic internal management can lead to failure. Companies should focus on refined operations, compliance first, steady expansion, risk control, and talent development to survive and succeed in the fiercely competitive market. Ignoring these aspects can result in significant financial and operational challenges, ultimately leading to business collapse.

01/06/2026 Logistics Industry Insights
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Guide to Sodium Hydrosulfite Export Compliance Risks

Guide to Sodium Hydrosulfite Export Compliance Risks

This article provides a detailed interpretation of compliance key points for the sea freight export of Class 4.2 dangerous goods, specifically sodium hydrosulfite. It covers aspects such as hazardous properties, booking documents, customs declaration documents, packaging requirements, and direct loading at the quayside. The importance of selecting the appropriate shipping company, strictly adhering to relevant regulations, and preparing documents in advance is emphasized. The aim is to assist foreign trade enterprises in safely and efficiently completing the transportation process.

08/06/2024 Logistics Encyclopedia
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Export Compliance Guide for Electric Bicycle Industry

Export Compliance Guide for Electric Bicycle Industry

This article provides a detailed interpretation of key aspects of electric bicycle exports, including lithium battery UN code classification, dangerous goods packaging requirements, and standards in China and target countries/regions (e.g., EU CE certification, US UL standards). It offers practical export advice to help companies achieve regulatory compliance and seize international market opportunities. The article focuses on ensuring smooth and compliant export processes for electric bicycle manufacturers looking to expand their global reach.

08/21/2025 Logistics Encyclopedia
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New Regulations Streamline Global Art Trade Compliance

New Regulations Streamline Global Art Trade Compliance

The "Interim Provisions on the Administration of Import and Export of Artworks" aims to regulate artwork import and export, clarifying declaration procedures, license application, and customs clearance & inspection processes. Agencies offer license application assistance and customs clearance & inspection services, helping companies achieve compliant and efficient customs clearance, and promoting the standardized development of the artwork market.

08/21/2025 Customs Knowledge
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Businesses Face Challenges in Dualuse Import Compliance

Businesses Face Challenges in Dualuse Import Compliance

This paper focuses on import licenses for dual-use items, emphasizing their importance for compliant customs clearance. It details the key steps to obtain a license, including clarifying the scope of control, preparing application materials, communicating with approval authorities, and selecting a professional customs broker. The aim is to help companies complete the import of dual-use items more efficiently and compliantly. The process involves understanding regulations, preparing necessary documentation, and effective communication to ensure a smooth and legal import process.

08/21/2025 Document Interpretation
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Key Strategies for Crossborder Import License Compliance

Key Strategies for Crossborder Import License Compliance

This article provides a comprehensive analysis of the definition, scope, and significance of the Import License (IL) in cross-border logistics. It details the application process and strategies to reduce hidden costs, aiming to assist enterprises in compliant operations, risk reduction, and achieving efficient international trade.

09/16/2025 Logistics Encyclopedia
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Guide to Safe Export Compliance for Ochlorobenzaldehyde

Guide to Safe Export Compliance for Ochlorobenzaldehyde

This article provides a detailed interpretation of each step involved in the sea freight export of o-Chlorobenzaldehyde, covering cargo characteristics, compliance requirements, necessary documents, dangerous goods declaration, container loading precautions, and customs clearance procedures. It emphasizes the importance of selecting a professional dangerous goods freight forwarder. The aim is to provide o-Chlorobenzaldehyde exporters with a comprehensive operational guide to ensure the safe, compliant, and efficient delivery of goods to their destination. This guide helps navigate the complexities of shipping this hazardous material.

03/20/2024 Logistics Encyclopedia
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