Amazon asks the new FTC chairman to recuse himself from antitrust investigations; Yunda International’s bulk order business is officially launched

Amazon asks new FTC chairman to recuse himself from antitrust investigation

Amazon is reportedly trying to force new Federal Trade Commission ( FTC ) Chairwoman Lina Khan to recuse herself from any antitrust investigation involving the company because her previous work and criticism of the e-commerce giant suggest she has become stereotyped about the company.

Yunda International’s single-order business is officially launched

On July 1, Yunda International's bulk order business was officially launched today, with Beijing, Shanghai, Yiwu, Nanjing and Hefei becoming the first five cities in China to accept online orders. At the same time, Yunda International's bulk order export range covers more than 40 overseas countries and regions including Hong Kong, Macao, Taiwan, South Korea, the United Kingdom, Japan, Singapore, the United States, Mexico, etc.

European and American suppliers place orders for Christmas gifts from China in advance

According to Reuters, in response to severe freight pressure, suppliers of Walmart, Target, Amazon and other major European and American retailers have begun ordering Christmas shopping gifts made in China earlier. It is reported that due to the global epidemic and container shortages, many European and American retailers have begun to worry about the risk of delayed delivery of holiday items, so they have to order holiday products in advance.

Gap to close all stores in UK and Ireland

According to the latest news released by the US clothing retailer Gap, the company plans to close all its stores in the UK and Ireland in phases from the end of August to the end of September, but will maintain its e-commerce business in Europe. In addition, Gap also intends to sell its stores in Italy and France, which will be operated by different franchisees. According to the British "Guardian" report, Gap plans to close a total of 81 stores, and this store closure is expected to reduce more than 1,000 jobs.

From January to May, the total amount of cross-border RMB receipts and payments in Tianjin exceeded 120 billion yuan  

Xinhua Finance learned from the Tianjin Branch of the People's Bank of China that from January to May 2021, the total amount of cross-border RMB receipts and payments in Tianjin exceeded 120 billion yuan, a year-on-year increase of 31.79%, accounting for more than 30% of the cross-border receipts and payments of RMB and foreign currencies. Among them, the cross-border RMB settlement volume between Tianjin and countries along the "Belt and Road" was nearly 27 billion yuan, an increase of more than 1.3 times year-on-year. As of the end of May 2021, 15,200 collection transactions worth 590 million yuan have been handled, covering more than 10 countries along the "Belt and Road", with a business volume of more than 100 million yuan.

China Post EMS and Maersk reach strategic cooperation

On July 1, China Post EMS and Maersk Group signed a strategic cooperation agreement. The two parties will achieve in-depth cooperation in end-to-end logistics services through complementary advantages and resource sharing. The cooperation covers four major areas: ocean express, air trunk, railway multimodal transport and global warehousing and distribution.

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