After the opening of the week,Pinduoduo Mei** fell 8%., the total market capitalization fell to 17291.6 billion, by Ali in 1839The market value of $5 billion has been surpassed.
On November 29 last year, Pinduoduo's market value once surpassed Alibaba in intraday trading and became the largest Chinese concept stock in the United States. At that time, Pinduoduo's financial report had just been released, and the data showed that the performance was good, and the overseas business also performed better according to the disclosed information, and investors' confidence in Pinduoduo was greatly boosted.
After November 29, Pinduoduo's share price also remained at a high level, and it was not until the 29th of this month that it showed a significant ** situation.
Source: **Tong.
After only two months, why did Pinduoduo, which performed strongly overseas, lose the favor of investors? Some analysts in the market believe that it is related to some overseas reports on the proposal to impose taxes on Chinese products.
What's going on? On the 27th, that is, at the end of the week, the Washington Post reported that, according to people familiar with the matter,Mr. Trump privately discussed with his advisers the possibility of imposing a 60 percent tariff on all Chinese imports.
Source: The Washington Post.
The overseas version of Pinduoduo Temu is known for its low-priced products, and the United States, which was chosen as the first stop to go overseas, has caused concern in the capital market about the tariffs, which has affected the stock price.
It is not the first time that the United States has held high the "tariff stick". It is reported that the United States will import about $550 billion of products from China in 2022The average tariff rate is about 15%.。Among them, about 150 billion dollars of products were subject to 25% tariffs, and 100 billion products were subject to an additional 75% tariff, and the rest of the products are taxed at about %.
The 60% tariffs in this report are just as big as Brazil's, which has outrageous tariff formulations.
As of November, China remained the United StatesThe third largest partner, second only to Mexico and Canada, and accounts for 11 percent of the total U.S. foreign exports7%。Setting excessively high tariff barriers and thresholds is also a challenge to the U.S. domestic economy.
In the Washington report, it is also mentioned"Oxford Economics found in a report commissioned by the U.S.-China National Committee last November that ending PNTR with China would cost the U.S. economy 1$6 trillion and resulted in the loss of more than 700,000 jobs. ”
Source: The Washington Post.
However, this is the year of the United States, and a lot of the rhetoric is related to the needs of the candidates.
For cross-border sellersMulti-market and multi-platform layout is one of the measures to prevent various risks。Especially for policy risks, there are fewer ways to break the situation, and it is more tortuous.
Although there is a lot of overseas news, it is undeniable that the development of China's e-commerce has also been showing a positive trend, especially new platforms such as temu and tiktok shop, which have increased by more than 100 times month-on-month. At the same time, some overseas platforms, such as Coupang, Mercado Libre, Ozon, etc., are also actively introducing Chinese sellers to enrich the product range of the platform.
Therefore, as far as the overall trend is concerned, the overseas market is still promising, and sellers do not need to worry too much.
From most of the cross-border borders.