Globalegrow Founder Probed As Crossborder Ecommerce Faces Debt Crisis

Globalegrow Founder Probed As Crossborder Ecommerce Faces Debt Crisis

Globalegrow's founder, Xu Jiadong, is under investigation, reportedly due to economic disputes with the company's actual controller, Yang Jianxin. This has drawn attention from suppliers, some of whom claim Globalegrow owes them money and have encountered unclear accounting practices. The investigation is ongoing, and further developments are awaited. The situation highlights potential financial challenges within the cross-border e-commerce company and raises concerns about its relationships with its suppliers and internal financial management.

01/05/2026 Logistics Industry Insights
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HSBC Hong Kong Enhances Crossborder Payments Via FPS

HSBC Hong Kong Enhances Crossborder Payments Via FPS

This article provides a detailed explanation of HSBC Hong Kong's 'FPS' (Faster Payment System) function, covering operations such as transfers, QR code payment/collection, and in-app payments. It aims to help you navigate cross-border payments and enjoy efficient and convenient financial services. Learn how to utilize FPS for seamless transactions and explore the various features offered by HSBC Hong Kong to simplify your financial interactions, especially when dealing with international payments and transfers.

01/05/2026 International Settlement
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Pharmapacks Bankruptcy Highlights Ecommerce Risks for Small Sellers

Pharmapacks Bankruptcy Highlights Ecommerce Risks for Small Sellers

The bankruptcy of Amazon giant Pharmapacks serves as a warning. Key contributing factors include financial, operational, supply chain, and management issues. Small and medium-sized sellers should focus on refined operations and diversified development strategies to mitigate risks and ensure long-term sustainability in the competitive e-commerce landscape. This emphasizes the importance of robust financial planning, efficient supply chain management, and adaptable strategies for navigating the challenges of selling on Amazon.

12/30/2025 Logistics Industry Insights
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Delavska Bank SWIFT Code Guide for Global Transfers

Delavska Bank SWIFT Code Guide for Global Transfers

This article provides a detailed explanation of the SWIFT code HDELSI22XXX for Delavska hranilnica d.d. Ljubljana (Delavska Bank) in Slovenia. It clarifies the scenarios where this SWIFT code is applicable and emphasizes the importance of verifying the SWIFT code during international money transfers. The aim is to assist users in completing cross-border remittances safely and efficiently by ensuring accurate identification of the bank.

09/03/2025 International Settlement
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ICAO Assigns Official Code to Don Torcuato International Airport

ICAO Assigns Official Code to Don Torcuato International Airport

This article focuses on Don Torcuato International Airport in Argentina, specifying its ICAO code as SADD. The ICAO code is a four-letter code assigned by the International Civil Aviation Organization to uniquely identify airports worldwide. Understanding an airport's ICAO code is crucial for comprehending the operation of the global aviation network. This identification facilitates communication and navigation within the international air transport system.

11/03/2025 Airport Codes
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Albania Upgrades Customs Lab to Enhance Trade Efficiency

Albania Upgrades Customs Lab to Enhance Trade Efficiency

With the support of WCO and Eurocustoms, Albanian Customs held a laboratory modernization workshop in 2017, aiming to enhance commodity classification and identification capabilities. Through hardware upgrades, quality management system improvements, personnel skill development, and international cooperation, Albania is committed to building a modern and internationally competitive customs laboratory. This initiative seeks to promote trade facilitation, ensure regulatory compliance, and ultimately contribute to the nation's economic development.

01/05/2026 Customs Knowledge
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Ningbo Zhoushan Port Launches Aipowered Smart Gate 40

Ningbo Zhoushan Port Launches Aipowered Smart Gate 40

Ningbo Zhoushan Port has upgraded its intelligent gate system using the DeepSeek large language model, resulting in more accurate and faster identification with lower resource consumption. The single-person control capacity has increased by four times, processing over 20,000 TEUs (Twenty-foot Equivalent Units) daily. This advancement significantly improves efficiency and throughput at the port, demonstrating the potential of AI large language models in optimizing port operations.

01/05/2026 Port Encyclopedia
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