Banggood Denies Bankruptcy Claims As Ecommerce Sector Struggles

Banggood Denies Bankruptcy Claims As Ecommerce Sector Struggles

Guangzhou-based cross-border e-commerce giant Banggood recently faced rumors of 'bankruptcy,' which the company has denied. The reality is that Banggood is undergoing a painful transformation, experiencing revenue decline and workforce optimization, but is actively seeking survival. This article analyzes Banggood's challenges and the difficulties facing the cross-border e-commerce industry. It suggests strategies such as refined operations, diversified markets, and compliant operations. The article urges the industry to respond calmly and embrace innovation to overcome current obstacles.

New Protocol Standardizes Arcade Game Card Readers

New Protocol Standardizes Arcade Game Card Readers

The Guangzhou Panyu Animation & Game Industry Association has released the 'Communication Specification for Card Readers in Commercial Amusement Game Machines'. This standard aims to address issues such as poor device compatibility and difficulties in data exchange within the industry. By promoting openness and accelerating intelligent upgrades, the specification seeks to facilitate the industry's transition from a closed ecosystem to a more open one. Ultimately, this initiative contributes to the standardization, normalization, and high-quality development of the amusement game machine sector.