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.

Amazon Ads Boost ROI with Datadriven Dayparting Strategy

Amazon Ads Boost ROI with Datadriven Dayparting Strategy

This article delves into Amazon Advertising's dayparting strategy, highlighting its role in resolving budget wastage and improving ROI. It elaborates on the triple logic of dayparting price adjustments, budget management, and ad placement bidding. Using dayparting budgeting as an example, it provides practical guidance. The article also cautions sellers against using dayparting strategies in the early stages of new product promotion and advises against over-reliance. It emphasizes that data analysis and continuous optimization are crucial for the success of dayparting strategies.

Amazon Auto Ads Boost Performance with Datadriven Keywords

Amazon Auto Ads Boost Performance with Datadriven Keywords

This paper delves into the refined management of Amazon automatic advertising keywords. Utilizing data-driven selection criteria, high-performing keywords are 'promoted' to manual campaigns, employing a combination of broad and exact match types. Furthermore, it proposes ROAS or conversion rate-based negative keyword strategies for underperforming terms. The aim is to assist sellers in optimizing their advertising structure, improving ad performance, and ultimately achieving sales growth. This approach emphasizes leveraging data insights to enhance both automatic and manual advertising strategies.

Amazon Ads Strategies Boost Sales for Lowpriced Asins

Amazon Ads Strategies Boost Sales for Lowpriced Asins

Amazon advertising optimization requires a flexible strategy based on product characteristics and operational stage. Refined keyword management, optimized ad structure, and coordinated on-site and off-site promotion are crucial for improving traffic and conversion rates for low-priced ASINs. Continuous testing, data analysis, and strategy iteration are essential to ensure consistent order volume. Focus on optimizing bids, targeting relevant keywords, and improving product listings to maximize ROI on low-priced items. Regularly monitor performance metrics and adjust campaigns accordingly.

WCO Backs Ethiopias Customs Modernization with Talent Assessment

WCO Backs Ethiopias Customs Modernization with Talent Assessment

WCO assists Ethiopian Customs in improving human resource management, promoting modernization. Experts recommend optimizing recruitment, training, and performance evaluation, providing a reference for developing countries. The focus is on building a skilled and motivated workforce to support customs reforms and enhance operational efficiency. This initiative aims to strengthen Ethiopia's capacity to effectively manage its borders and facilitate trade, ultimately contributing to economic growth and regional integration. The recommendations offer practical guidance for other developing countries seeking to modernize their customs administrations.

MENA Customs Enhances Regional Ties to Spur Economic Growth

MENA Customs Enhances Regional Ties to Spur Economic Growth

The inaugural meeting of the MENA Customs Resource Mobilization Working Group was successfully held in Bahrain. The meeting focused on enhancing regional customs administration capabilities, promoting trade facilitation, and fostering economic integration. Participants discussed strategies for resource mobilization to support customs modernization and efficiency improvements. The initiative aims to strengthen customs cooperation within the MENA region, contributing to sustainable economic growth and regional stability. Key topics included best practices in revenue collection, risk management, and the use of technology in customs operations.

WTO WCO Boost Customs Valuation in St Lucia

WTO WCO Boost Customs Valuation in St Lucia

A joint workshop by the World Trade Organization and the World Customs Organization aimed to enhance Saint Lucia's customs valuation capabilities and optimize its trade environment. The workshop covered topics including the Valuation Agreement, technical analysis, dispute resolution, and risk management. The goal was to improve the expertise and skills of Saint Lucian customs officials, ultimately fostering the country's economic development. By strengthening customs valuation practices, Saint Lucia can promote fair trade and attract investment, contributing to sustainable economic growth.

Colombia Expands AEO Program to Boost Trade Efficiency

Colombia Expands AEO Program to Boost Trade Efficiency

Colombia is expanding its AEO program, aiming to increase the number of certified companies through a customs-led new version, enhancing trade facilitation and supply chain security. Companies should understand the certification standards, strengthen internal management, and actively cooperate with customs to seize opportunities to improve international competitiveness. AEO is not only about customs clearance facilitation but also a symbol of corporate credibility. Businesses should consider the benefits and prepare accordingly to leverage the advantages of the AEO program in the Colombian context.

WCO Introduces New Audit Tools to Enhance Trade Facilitation

WCO Introduces New Audit Tools to Enhance Trade Facilitation

The World Customs Organization (WCO) has launched new Post Clearance Audit (PCA) tools to assist member customs administrations in enhancing trade facilitation. Developed through expert group meetings, the WCO created two key tools: the PCA Benefits Visualization Tool and the PCA Technical Reference. These tools are designed to help customs management and frontline auditors better understand and implement PCA effectively. By improving PCA practices, these tools aim to contribute to the healthy development of global trade and streamline customs procedures.

Thailand Sierra Leone Join Revised Kyoto Convention Enhancing Global Trade

Thailand Sierra Leone Join Revised Kyoto Convention Enhancing Global Trade

The Revised Kyoto Convention (RKC) has surpassed 100 contracting parties, with Thailand and Sierra Leone's accession further boosting global trade facilitation. The convention aims to simplify and harmonize customs procedures by applying information technology and risk management, improving customs efficiency and reducing trade costs. The World Customs Organization (WCO) actively promotes the RKC's implementation and encourages more members to join, fostering global trade prosperity. The growing number of signatories demonstrates the international commitment to streamlined customs processes and enhanced trade efficiency.