Globalegrow Founder Investigated As Suppliers Seek Unpaid Funds

Globalegrow Founder Investigated As Suppliers Seek Unpaid Funds

Globalegrow founder Xu Jiadong responded to the investigation, claiming it stemmed from personal grievances with Yang Jianxin, the actual controller of Global Top. Subsequently, multiple suppliers accused Globalegrow of overdue payments, drawing industry attention. This incident highlights potential debt problems within rapidly growing cross-border e-commerce companies, necessitating intervention from relevant authorities to protect supplier rights. The situation reveals vulnerabilities in the sector and underscores the need for greater financial transparency and accountability.

Amazon Revises Payment Policies to Safeguard Seller Funds

Amazon Revises Payment Policies to Safeguard Seller Funds

New Amazon payment collection rules take effect on July 15th, aiming to enhance seller fund security. Sellers must ensure they use a service provider enrolled in the Payment Service Provider Program or a bank account for receiving payments, otherwise they may face delayed or frozen funds. Amazon provides various solutions and technical support to help sellers transition smoothly and build a secure e-commerce ecosystem.