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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Gree Electric Announces Generous Interim Dividend Amid Strong Profits

Gree Electric Announces Generous Interim Dividend Amid Strong Profits

Gree Electric Appliances announced its interim dividend plan, proposing to distribute cash dividends of 5.585 billion yuan, nearly 40% of its first-half net profit, demonstrating its sound financial condition and emphasis on shareholder returns. This move serves as both a reward to shareholders and a reflection of the company's financial strength. While investors focus on short-term benefits, they should also pay attention to the company's long-term development strategy and profitability.

01/30/2026 International Settlement
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CEVA Logistics Boosts Growth with Restructuring and New Funding

CEVA Logistics Boosts Growth with Restructuring and New Funding

CEVA Logistics significantly reduced debt and enhanced financial flexibility through asset restructuring and capital injection, providing financial support for future development. The company will invest in technology upgrades to meet customer demands for transparency, visibility, and traceability. While the IPO plan has been put on hold, CEVA will continue to focus on innovation and growth. This strategic shift aims to strengthen its market position and improve operational efficiency in the competitive logistics landscape.

02/04/2026 Logistics
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Guide to Managing International Air Freight for Consignees

Guide to Managing International Air Freight for Consignees

This article provides a detailed explanation of the key steps consignees need to understand after international air freight arrives. It covers receiving arrival notices, preparing documents, completing customs clearance procedures, paying taxes and fees, picking up goods from the warehouse, performing cargo inspection, and handling subsequent follow-up and exception management. This guide helps you complete the cargo handover efficiently and compliantly.

02/03/2026 Logistics Encyclopedia
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Kinmen Airport Bridges Taiwan and Outlying Islands

Kinmen Airport Bridges Taiwan and Outlying Islands

Kinmen Shangyi Airport serves as a vital air link between Kinmen and Taiwan Island. Since its opening in 1987, it has been responsible for providing air transportation services to Kinmen and its surrounding areas. The airport boasts comprehensive facilities and operates numerous domestic routes, handling approximately 1.2 million passengers annually. It plays a crucial role in the economic development and tourism industry of Kinmen, facilitating travel and commerce to and from the island.

09/26/2025 Airport Codes
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Logistics Model and Development Analysis of Shenzhen Yantian Port

Logistics Model and Development Analysis of Shenzhen Yantian Port

Since its opening in 1994, Shenzhen Yantian Port has rapidly developed into a significant international deep-water transshipment port in China. The logistics development of the port must meet the multifunctional requirements of a main hub port, particularly focusing on international logistics. By gradually integrating resources, regulating market behavior, and establishing an efficient port supply chain system, Yantian Port aims to enhance its service capacity and market competitiveness to achieve its developmental goals.

07/21/2025 Logistics
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Daqing Sartu Airport Drives Regional Growth in Northeast China

Daqing Sartu Airport Drives Regional Growth in Northeast China

Daqing Saertu Airport is the largest civilian airport in western Heilongjiang Province. Since its opening in 2009, it has rapidly developed into an important aviation hub. The airport has a 4C flight area rating and aims for an annual capacity of 1.47 million passengers and 9,600 tons of cargo. With a terminal area exceeding 10,000 square meters, it offers connections to major cities, and the increasing flight volume highlights its significance and growth potential.

07/29/2025 Logistics
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Taolai Airport Boosts Alxa League's Economy and Tourism

Taolai Airport Boosts Alxa League's Economy and Tourism

Taolai Airport, located in Ejin Banner, Alxa League, Inner Mongolia, has an IATA code of EJN and an ICAO code of ZBEN. Since its opening in 2013, the airport has become an important part of regional transportation, supporting a multi-modal network of air, rail, and road. As a pilot site for commuter aviation in Alxa, Taolai Airport is expected to reach a passenger throughput of 80,000 by 2020, contributing to the local economic development.

07/29/2025 Airport Codes
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