Globalegrow Founder Xu Jiadong Investigated for Embezzlement

Globalegrow Founder Xu Jiadong Investigated for Embezzlement

The founder of Globalegrow, once a cross-border e-commerce giant, Xu Jiadong, has been investigated for suspected embezzlement, shocking the industry. Cross-border Tong's announcement confirmed the news and stated that it would recover the losses. Globalegrow was once an industry leader but declined due to poor management, eventually leading to bankruptcy and liquidation. This event triggers deep reflection on the development model of cross-border e-commerce companies, warning companies to pay attention to compliant operation and risk control.

01/04/2026 Logistics Industry Insights
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JD Logistics Expands in Polands Crossborder Logistics Sector

JD Logistics Expands in Polands Crossborder Logistics Sector

JD Logistics is partnering with Polish retail giant Biedronka to accelerate its expansion in the European market. Facing increasing competition from rivals such as Cainiao and SF Express, the cross-border logistics market is becoming increasingly competitive. In the future, providing faster and more punctual logistics services, improving service quality, and enhancing operational efficiency will be key to success. This collaboration aims to strengthen JD Logistics' position amidst this intense competition and cater to the growing demand for efficient cross-border delivery solutions.

01/07/2026 Logistics
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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.

01/06/2026 Logistics Industry Insights
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Xxxlutz Buys Home24 to Expand European Furniture Reach

Xxxlutz Buys Home24 to Expand European Furniture Reach

Austrian furniture retail giant XXXLutz announced the acquisition of Home24, Europe's largest online furniture store, aiming to provide long-term financial support for its growth strategy. Home24 will maintain independent operations with its existing management team. This acquisition signals an acceleration of online-offline integration in the furniture industry, potentially reshaping the future landscape. The move reflects a growing trend of established retailers bolstering their online presence through strategic acquisitions, consolidating market share, and capitalizing on the evolving consumer shopping habits.

01/06/2026 Logistics Industry Insights
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Fanatics Shuts Florida Facility in Operational Restructuring

Fanatics Shuts Florida Facility in Operational Restructuring

Sports apparel giant Fanatics announced the closure of its Oak Creek distribution center in Florida, affecting 286 employees. This move is a strategic operational adjustment by Fanatics to optimize its layout and improve efficiency, aiming to respond to market changes and enhance competitiveness. The company will continue to increase investment in technology and innovation, expand into global markets, and strengthen partnerships with sports leagues and teams. This restructuring underscores Fanatics' commitment to adapting to the evolving retail landscape and solidifying its market position.

01/08/2026 Logistics
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Kelloggs Teams with Varaha to Boost Regenerative Farming in India

Kelloggs Teams with Varaha to Boost Regenerative Farming in India

Food giant Kellogg's is partnering with Varaha to implement regenerative agriculture practices on corn farms in India, aiming to reduce carbon emissions within its supply chain. The project focuses on 'insetting,' improving soil health, reducing fertilizer use, and increasing crop yields. This initiative supports Kellogg's goal of achieving net-zero greenhouse gas emissions by 2050 and sets a sustainable development example for the industry. By focusing on internal offsets, Kellogg's is actively working to mitigate its environmental impact at the source.

01/08/2026 Logistics Industry Insights
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Ozon Expands in China Targets 100000 Sellers with Shenzhen Office

Ozon Expands in China Targets 100000 Sellers with Shenzhen Office

Russian e-commerce giant OZON has announced the opening of an office in Shenzhen, aiming to attract 100,000 Chinese merchants to its platform. The company plans to increase the transaction volume of Chinese goods tenfold by 2024. OZON will provide more support to Chinese sellers by improving its logistics system and optimizing services, helping them tap into the lucrative Russian e-commerce market. This move signifies OZON's commitment to facilitating cross-border trade and expanding its presence in the Chinese market.

01/04/2026 Logistics Industry Insights
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Globelink Founder Xu Jiadong Investigated for Embezzlement

Globelink Founder Xu Jiadong Investigated for Embezzlement

Xu Jiadong, the former chairman of Cross-Border Tong, is under investigation for suspected embezzlement. The company's performance continues to decline, and rumors suggest its brand Gearbest will be sold to Pinduoduo. This once-giant of cross-border e-commerce faces multiple challenges. Its future direction and the sustainable development of the entire industry are attracting significant attention. The investigation and potential sale highlight the difficulties faced by Cross-Border Tong and raise questions about the stability of the sector.

12/29/2025 Logistics Industry Insights
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Chinese Ecommerce Firm Justar Plans Swiss IPO

Chinese Ecommerce Firm Justar Plans Swiss IPO

Giant Star Technology plans to issue GDRs on the SIX Swiss Exchange and has been accepted by the China Securities Regulatory Commission. More Chinese companies are choosing the Swiss Exchange for financing. Cross-border e-commerce businesses should seize the opportunities presented by overseas financing. This trend offers a viable alternative for raising capital and expanding global reach. Utilizing GDRs allows companies to tap into international investor bases and bolster their financial position, facilitating further growth and development in the competitive global market.

12/31/2025 Logistics Industry Insights
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Allegro Fends Off Temu in Polands Ecommerce Market

Allegro Fends Off Temu in Polands Ecommerce Market

The Polish e-commerce market is experiencing fierce competition. Local giant Allegro is showing steady growth, while Temu is rapidly rising due to its expanding user base. Amazon faces challenges, and TikTok Shop is poised to enter the market. Understanding the strategic moves of each platform and the evolving market dynamics is crucial for seizing new opportunities in the Central and Eastern European e-commerce landscape. The competition between established players and newcomers will shape the future of online retail in Poland.

01/15/2026 Logistics Industry Insights
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