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China has issued draft rules to expand cross-border e-commerce, aiming to enhance service capabilities and promote high-quality growth of overseas warehouses. The Ministry of Commerce released a policy guideline detailing these measures. This move comes as Chinese e-commerce giants Shein and Temu face increasing scrutiny and competition in the U.S. market. Shein's plans for a U.S. public offering have been hindered by the geopolitical divide between Beijing and Washington. Meanwhile, Temu is gaining traction among U.S. shoppers, putting pressure on legacy retailers like eBay and Amazon. Retailers in the U.S. are becoming explicit about their strategies to stay competitive against Shein and Temu. Additionally, new measures regarding de minimis rules for e-commerce companies and imports are being introduced.
China's Ministry of Commerce issues a policy for expanding the nation's cross-border e-commerce industry and to promote the construction of offshore warehouses (@ssharwood / The Register) https://t.co/FtKdu38ecB 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/44N5VtjleP
New measures regarding how de minimis rules are treated for ecommerce companies and imports come as Shein and Temu face questions about their practices. https://t.co/BNiPO8ahnq #ecommerce #regulation #crossborder #fulfillment #onlinretail #retail
China will enhance the service capabilities of cross-border e-commerce businesses and promote the high-quality growth of overseas warehouses, according to a policy guideline released by the Ministry of Commerce on Tuesday. #economy https://t.co/hpGZDRnw8l