Wildberries Lowers Fees to Expand Social Commerce Reach

Wildberries Lowers Fees to Expand Social Commerce Reach

Russian e-commerce giant Wildberries is reducing commissions for some sellers on its Wibes platform, with a maximum decrease of 1%, to accelerate its social commerce strategy. Wibes, which supports short-video marketing and is deeply integrated with the main Wildberries site, boasts over 170,000 daily active users. This move aims to lower seller costs, encourage content creation, and boost platform engagement. By incentivizing participation and reducing financial burdens, Wildberries hopes to foster a more vibrant and interactive shopping experience on Wibes.

01/26/2026 Logistics Industry Insights
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2026 Data Security Summit to Tackle Rising Cyber Threats

2026 Data Security Summit to Tackle Rising Cyber Threats

The World Data Security Summit (WDS) 2026 will be held in Singapore, focusing on data-driven approaches, security primacy, and technology leadership. The summit agenda covers two core areas: data & technology and cybersecurity. Through keynote speeches, panel discussions, and technology demonstrations, the summit will explore the latest technologies, best practices, and future trends. It aims to provide a platform for participants to exchange ideas, collaborate, and jointly address data security challenges.

01/15/2026 Logistics Industry Insights
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New Enzyme Fuel Tech Boosts Shipping Efficiency

New Enzyme Fuel Tech Boosts Shipping Efficiency

XBEE enzyme fuel technology is a natural fuel treatment agent suitable for various engines. It utilizes natural enzymes to remove fuel contamination, reduce consumption and emissions, and enhance ship operational efficiency. This technology is both environmentally friendly and cost-effective.

08/08/2025 Logistics
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Lithiumion Batteries Boost Cold Chain Logistics for Ecommerce

Lithiumion Batteries Boost Cold Chain Logistics for Ecommerce

E-commerce growth places higher demands on cold chain logistics, making lithium battery technology a key enabler for efficiency. By integrating IoT technology to build intelligent power platforms, companies can significantly improve the efficiency of material handling equipment, reduce operating costs, and achieve green and sustainable development. This paper delves into the application of lithium battery technology in equipment such as cold storage forklifts and AGV/AMRs, and looks forward to its future development prospects.

01/20/2026 Warehousing
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Export Risks Rise Over Minor LC Discrepancies

Export Risks Rise Over Minor LC Discrepancies

This paper explores compliance risks in export trade under letters of credit, stemming from issues such as incorrect cargo descriptions and inconsistencies in bill of lading (B/L) information. It emphasizes the importance of documentary consistency and provides recommendations for B/L operations under US sanctions against Iran. Export companies should pay attention to detail and strengthen risk management practices to avoid discrepancies and ensure compliance with international regulations and sanctions. Careful scrutiny of documents is crucial for mitigating potential financial and legal repercussions.

08/22/2025 Document Interpretation
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Freight Forwarders Grapple With Complex Port Code Systems

Freight Forwarders Grapple With Complex Port Code Systems

This article delves into the intricate relationship between destination ports and transit port codes in freight forwarding. It emphasizes that transit port codes are not always one-to-one and provides practical advice to ensure code accuracy. Freight forwarders are advised to rely on equipment orders or freight forwarder confirmations to avoid cargo delays or losses caused by incorrect codes. Always verify the code against official documentation and communicate with the destination agent to confirm accuracy. Ignoring this can lead to significant financial repercussions.

08/22/2025 Port Encyclopedia
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Guide to Banco De Occidentes SWIFTBIC Code for International Transfers

Guide to Banco De Occidentes SWIFTBIC Code for International Transfers

This article provides an in-depth analysis of Banco de Occidente's SWIFT/BIC code, OCCICOBCBO2, detailing its structure, usage, and potential risks. It also offers a practical guide to cross-border transfers, aiming to assist readers in completing international transactions accurately and securely. The guide emphasizes the importance of using the correct SWIFT code to avoid delays or financial losses associated with errors during the transfer process. It serves as a helpful resource for anyone needing to send or receive money internationally through Banco de Occidente.

09/04/2025 International Settlement
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Guide to SBM Bank Mauritius SWIFT Codes for Global Transfers

Guide to SBM Bank Mauritius SWIFT Codes for Global Transfers

This analyzes the SBM Bank (Mauritius) SWIFT code STCBMUMU575, explaining its structure and role in facilitating cross-border remittances. It provides a guide on how to use the code for international transfers, including key considerations and potential issues to be aware of. The analysis helps users understand how this specific SWIFT code functions within the global financial network, enabling them to send and receive money internationally through SBM Bank effectively and securely. It also highlights the importance of accurate SWIFT code information for successful transactions.

09/04/2025 International Settlement
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ABN AMRO Simplifies International Transfers With SWIFTBIC Guide

ABN AMRO Simplifies International Transfers With SWIFTBIC Guide

This article delves into the structure, application scenarios, and validation techniques of the ABN AMRO bank's SWIFT/BIC code, ABNANL2AALC, to help readers avoid common errors in cross-border transfers and ensure funds reach the recipient bank safely and quickly. It details the components and application steps of the SWIFT/BIC code, providing practical preventive measures and validation methods to facilitate smooth international financial transactions. It aims to guide users through the complexities of international payments and minimize potential issues related to incorrect SWIFT/BIC codes.

09/03/2025 International Settlement
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National Bank of Georgia Simplifies SWIFT Transfers

National Bank of Georgia Simplifies SWIFT Transfers

This article provides a detailed analysis of the SWIFT code system used by the National Bank of Georgia, emphasizing the importance of accurate SWIFT code usage in international money transfers. It offers practical information including the bank's main SWIFT codes, usage scenarios, frequently asked questions, and instructions on how to correctly receive international remittances. The aim is to help readers conduct cross-border payments safely and efficiently. The article serves as a guide for understanding and navigating the complexities of international banking within the Georgian financial system.

09/03/2025 International Settlement
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