久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

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: 久久综合99re久久爱 | 性做久久久久久久免费观看 | 成人福利网站在线看视频 | 男人天堂免费 | 精品视频亚洲 | 久久网站免费 | 久久99亚洲精品久久久久 | 久在线观看 | 国产一级不卡毛片 | 美女视频黄在线观看 | 中文字幕波多野不卡一区 | 欧美野外性k8播放性迷宫 | 欧美成人看片一区二区三区 | xxx欧美老熟| 欧美日韩a级片 | 国产精品三级国语在线看 | 国产欧美日韩综合精品一区二区 | 久久久久久综合一区中文字幕 | 丁香狠狠色婷婷久久综合 | 欧美亚洲国产激情一区二区 | 亚洲 欧美 国产 日韩 制服 bt | 精品日本久久久久久久久久 | 澳门一级特黄真人毛片 | 国产欧美一区二区三区视频在线观看 | 亚洲欧洲日产v特级毛片 | 成年人免费观看网站 | 国内自拍网红在线综合 | 亚洲成人在线播放 | 波多野结衣视频免费观看 | 黄色免费在线网址 | 国产男女视频 | 久久久久无码国产精品一区 | 欧美一区二 | 国产一区二区三区不卡在线观看 | 韩日黄色片 | 二区中文字幕 | 日本一二线不卡在线观看 | 影院成人区精品一区二区婷婷丽春院影视 | 日韩一区国产二区欧美三区 | 手机看片99 | 久久亚洲在线 |