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"Today's Foreign Information | Wal-Mart's New Plan; Russian railway freight volume growth; Foxconn will build a factory in Vietnam; Electric flying cars are coming. Wait"

Jul 06,2023

UK e-commerce sales this year or $195.9 billion

 

 
A few days ago, according to eMarketer's forecast, the retail e-commerce market in the UK will reach $195.9 billion in 2023, up from $191.5 billion in 2022, and is expected to grow to $211.4 billion by 2026. According to Statista data, clothing accounts for 63% of popular online shopping in the UK and footwear for 47%.
 

Walmart Launches Onramp Loan Program

 

Walmart is adding e-commerce financing specialist Onramp to its Walmart Marketplace third-party online sales platform. Now, independent sellers and small retailers in the Walmart marketplace have access to faster and more flexible financing solutions to scale their businesses. With this integration, Onramp can now provide growth loan funding to online sellers on the Walmart marketplace.

 

 

Russian rail freight volume up 1.4 percent year-on-year in June

 

 

Recently, according to Interfax news agency, Russian railway freight volume increased by 1.4 in June compared with the same period last year. Previously, the Russian Railway (Russian Railways) Press Center released data that from January to May 2023, the total volume of Russian railway freight transportation was 0.5176 billion tons, an increase of 0.5 percent over the same period last year. Among them, the total volume of railway freight transportation in May was 0.1067 billion tons, up 2.0 percent year-on-year and 1.1 percent month-on-month.

 

 

EVA SHIPPING AND CJ Logistics SIGN

 

A few days ago, EVA Shipping signed a cooperation agreement with CJ Logistics(CJL), the largest 3PL company in South Korea. According to the agreement, EVA Shipping and CJL agreed to provide competitive freight rates and shipping space for containerized cargo from Asia to the United States and Asia to Europe through active cooperation. The two sides also agreed to jointly expand the volume of containers between the Far East and Southeast Asia through joint sales, and jointly develop more business such as end-to-end services.

 

 

Baltic Dry Index: Down.2.25 percent at 1044

 

Toyota's global output rises 33.4 percent year-on-year in May

 

 
A few days ago, Toyota Motor Corporation announced its global production data for May this year. The company's global production in May reached 847000 vehicles, an increase of 33.4 from the same period last year. This figure not only set a record high for the company, but also achieved five consecutive months of year-on-year growth. In terms of sales, Toyota's global sales reached 838500 vehicles in May, up 10.1 percent from a year earlier.
 
 
 

 

Foxconn to invest $0.246 billion to build plant in Vietnam

 

A few days ago, the local government of Vietnam announced that Foxconn has been approved to invest US $0.246 billion (currently about 1.784 billion yuan) in Quang Ninh Province, Vietnam to build two new projects, which will be handled by Foxconn's subsidiary in Singapore. After the completion of this investment, Foxconn's total investment in Vietnam will increase to $3 billion.

 

 

Electric flying cars are coming.

 

 

Recently, Alef Aeronautics, a California-based flying car start-up, wrote in its press release that the company's all-electric flying car Model A has received a special airworthiness certification from the Federal Aviation Administration (FAA). It is expected to fly in the air in the United States in 2025. It is reported that the start-up has received investment from companies such as SpaceX.

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