日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

US EUROPE AFRICA ASIA 中文
Business / Markets

Overseas shopping agents feel the currency pinch

By Ma Si (China Daily) Updated: 2016-01-08 08:00

Overseas shopping agents feel the currency pinch

A customer buys imported cosmetics at a cross-border e-commerce experience center in Zhengzhou, Henan province.[Photo/China Daily]

As the continued depreciation of the yuan excites China's exporters, the weaker currency is putting pressure on a group of importers-overseas shopping agents and cross-border e-commerce sites.

Tasked with seeking out popular foreign products for mainland consumers, they have been feeling the pain since August when the yuan started heading south.

"It declined too fast and too much. It's hurting my business," said Wu Yao, a San Francisco-based shopping agent, adding that consumers are becoming reluctant to buy her products which now cost more.

"Cosmetics sales are hit the most, because compared with clothing and bags, they are less expensive and have lower profit margins," she said.

On Wednesday, the yuan plunged to a five-year low against the US dollar, standing at 6.5646 per dollar. This is the daily biggest drop since August when the People's Bank of China, the central bank, revamped the foreign exchange mechanism.

Betty Zhu, CEO of Momoko International Inc, a Los Angeles-based supplier of cosmetic products, said if the yuan sees substantial depreciation in the long term, it will have an even worse impact on e-commerce sites which help Chinese consumers buy foreign products.

"Currently, cross-border e-tailers are engaged in a cash-burning war. Backed by deep-pocket investors, they are building user bases with the low-price strategy. So even though the yuan declined fast, they have not raised their prices yet."

"But if the decline continues, it will definitely increase their financial burden," Zhu said. Momoko is a supplier of several online shopping platforms in China.

Tan Naixun, an analyst at Beijing-based consultancy Analysys International, agreed. "Currently, most overseas shopping agents are raising the prices of their products, but e-commerce sites have not, because they know that whoever raises their prices first will be the first to lose out."

As the country's growing middle class is turning to websites for foreign products, a flood of cross-border e-commerce sites are emerging to meet consumers' demands. But most of them are still in the red.

"The falling yuan is likely to reshuffle the industry, squeezing many players out of the market. But for companies that are good at managing supply chains and financial risks, this is an opportunity to succeed," he said.

Zhang Wei, chief financial officer of e-commerce site Mia.com, said: "The continuing depreciation of the yuan is a bad news for the entire sector. We are trying to minimize the negative impact, such as by buying financial products."

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 国产另类av | 一级片久久 | 色综合一区二区 | 极品魔鬼身材女神啪啪精品 | 亚洲欧美国产一区二区三区 | 91国产网站| 国产成年人在线观看 | 色吊丝网站| 国产福利片在线观看 | 最近日韩免费视频 | 久久国产一区 | 开元在线观看视频国语 | 大地资源高清播放在线观看免费 | 欧美国产日韩视频 | 超碰久草| 日本欧美国产 | 精品国内自产拍在线观看视频 | 精品久久久网站 | 久久精品国产精品亚洲精品色 | 高清日韩 | 超碰99在线观看 | 欧美天堂| 国产综合精品 | 日韩亚洲一区二区三区 | 在线观看中文字幕一区 | 日本精品一区二区三区视频 | av免费网址 | 91夫妻视频 | 国产一二区 | 国产一级网站 | 亚洲天堂av在线播放 | 综合色影院 | 成人av视屏 | 日本一级片在线观看 | 女人洗澡一级特黄毛片 | 欧美三级日本三级 | 自拍偷拍视频网 | 日韩一区二区在线看 | 95看片淫黄大片一级 | 97超碰免费 | 在线资源站 |