1. The impact of Amazon’s store closures to this day

Amazon’s store closures should be one of the most sensational events in cross-border e-commerce in recent years! He marked a point in time that caught many cross-border sellers who had enjoyed great success in the past by surprise! But on the surface, it seems to be a store closure crisis caused by cross-border e-commerce sales, but it actually affects the downstream supply chain. Suppliers who have been refunded by Amazon’s sales are miserable! Recently, Dongguan Cooper Electronics, a long-established headphone foundry with a history of more than 20 years, officially announced the closure of the factory! It caused a sensation in the entire cross-border circle in South China!

Amazon closes store

In this regard, many people in the industry pointed out: The current sluggish market has made cross-border e-commerce sellers, especially large ones with small profits and long payment periods, Selling has become the culprit of dragging down factories and logistics companies! The failure of suppliers is likely to cause a chain reaction, causing the capital chains of many downstream suppliers to break, and the wave of failures will further intensify.

2. The current status of the top ten cross-border e-commerce companies in Shenzhen

Let’s sort out what are the Shenzhen big sellers that were once brilliant and well-known in Shenzhen? The former Global E-commerce + China South City Four Kings + Sakata Five were basically the top ten cross-border e-commerce companies in Shenzhen.

1. Global Tesco

Early Global Tesco focused on cross-border foreign trade B2C e-commerce. In the era of global integration, it relied on the advantages of Shenzhen's extremely concentrated electronics market. location and actively develop overseas markets. Global.com has a good sales network overseas and has been recognized by customers in the United States, Europe and other countries. Global.com was founded by Xu Jia in 2007 and once became a benchmark in the cross-border e-commerce industry! After 10 years of development, the turnover exceeded 10 billion in 2017, entering the tens of billions club many years ahead of big sellers such as Anke, Aoji, Youkeshu, and Zebao. But this once glorious global e-commerce company filed for bankruptcy! In September 2020, a video circulated in cross-border e-commerce, showing a large number of suppliers blocking the entrance and corridors of Global Tesco, collecting debts from it.

E-commerce

2. Anker Innovation:

Founded in 2011, it was an instant success in the power bank battle that year with its excellent product quality And Hong, then rapidly developed its products at home and abroad with its excellent product quality. The most popular domestic power bank supplier you see now is the product provided by Haiyi Co., Ltd., which should also be the reason for this wave of Amazon store closures. One of the companies with the least impact.

3. Saiwei

Shenzhen Saiwei Network Technology Co., Ltd. was established in 2008. Foreign trade B2C e-commerce operations are its core business. The company's business scope covers the world, focusing on Europe, North America, South America and other international markets. The company focuses on online marketing, brand building and supply chain management. The company operates dozens of platforms including Alibaba, eBay, AliExpress, Amazon, etc.; its products cover categories such as clothing, electronics and peripheral products, household products, and daily necessities.

4. Tongtuo

Shenzhen Tongtuo Technology Co., Ltd. was established in 2004 and is headquartered in Shenzhen, focusing on cross-border e-commerce. The fields involved include B2C, B2B, and C2C; the operating platforms include eBay, Amazon, Alibaba, Dunhuang, and TOMTOP websites. It adopts the "pan-supply chain and pan-channel" model. The company's business scope includes game accessories, computer accessories, mobile phone accessories, home furnishing, health/beauty, auto accessories, photographic equipment, audio and video, laser/LED, clothing, toys, outdoor and other dozens of categories.

5. Aoji

Shenzhen Aoji E-commerce Co., Ltd. was registered and established at the Longgang Branch of the Shenzhen Municipal Administration for Market Regulation on September 13, 2010. Aoyi has a sales network covering many countries around the world, and has its own channel brands such as efox website series and coolool website.

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