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News: Sora Triggers Heated Discussions Among Cross-Border Sellers

Recently, OpenAI launched the video generation model Sora, which can create a coherent 60-second video based on prompts, significantly surpassing the industry average length of 4 seconds. Cross-border sellers quickly pay attention and plan to fully leverage this ‘game-changing’ tool, applying it to product video production, perhaps opening up new traffic avenues. The robust performance of Sora has sellers envisioning limitless possibilities, especially considering the optimal duration for Amazon product videos, which is also 60 seconds. Sellers generally believe 2024 will be a year of widespread adoption of AI tools, with significant platforms unprecedentedly emphasizing videos. Sellers who fail to ...
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The Red Sea Crisis Escalates The EU Officially Launches Red Sea Escort

On the evening of February 19th local time, a Yemeni Houthi Spokesperson announced that Houthi forces had launched missile attacks on two U.S. ships and a drone, causing devastating damage to a British cargo ship, which has now completely sunk. Details of the Ship Attacks In the past 24 hours, Houthi forces claimed to have carried out four armed actions, attacking three U.S. and British ships. In the city of Hodeidah in the Red Sea, they also shot down a U.S. MQ-9 drone. The first ship attacked and sunk was the “Rubymar,” a cargo ship registered in the UK, flying ...
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The Global Gaming Market Growed by 6% in 2023, and Tencent Sees the Global Expansion of Gaming as its Foremost Opportunity for Internationalization

On January 29, the industry insiders released the “2023 China Game Overseas Research Report.” The report indicates that in 2023, the global gaming market reached 1,177.37 billion yuan, showing a year-on-year growth of 6%. After experiencing negative growth in 2022, the growth rate turned positive again, but the scale did not surpass the peak of 1,193.87 billion yuan in 2021. Pony Ma, Chairman and CEO of Tencent, stated that gaming is Tencent’s flagship business, and taking games global is currently Tencent’s biggest hope for internationalization. In recent years, Tencent has demonstrated certain advantages and built a good reputation in the ...
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The Chinese Automotive Exports are Expected to Continue Growing in 2024

The Chinese automotive export market continues to thrive, reflecting strong overseas demand. A research report from an insider pointed out that in the fourth quarter of 2023, overseas car sales saw nearly double-digit year-on-year growth, indicating economic recovery, and a slight increase compared to the previous quarter, consistent with seasonal trends. China’s automotive exports maintain a high level of prosperity, with the global market growth continuing, albeit at a slower pace. In the short term, Chinese export-oriented automotive component companies still possess advantages such as cost-effectiveness and services in their respective segments. In the medium to long term, the overseas ...
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Wish.com marketplace to be acquired by Qoo10 for 173M cash

On February 12th, Wish’s parent company, ContextLogic Inc., has just revealed plans to sell the Wish e-commerce platform to Qoo10. Qoo10 is an e-commerce platform headquartered in Singapore, with localised online marketplaces across Asia. Wish has announced that once Qoo10 completes the acquisition, it will officially become part of Qoo10’s business series. This integrated platform is expected to bring many new cross-border e-commerce opportunities for Wish merchants. The Wish brand and platform that sellers are accustomed to will continue to operate as usual. The completion of the acquisition is anticipated in the second quarter of 2024, subject to certain necessary ...
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