Forever 21 blames bankruptcy on de minimis exemption
Forever 21, the US clothing retailer, has gone down shouting: it has squarely blamed its ...
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By Alex Lennane
Retail and express companies in China are gearing up to take advantage of its rapidly growing e-commerce market, with two new cargo airlines getting the nod from the Civil Aviation Administration (CAAC).
Chinese e-commerce grew 31.4% last year, to $2.1trn, the majority comprising online business-to-business trading, according to China E-Commerce Research Centre. The online retail market grew by almost 50%, to $450bn.
And the competition to grab some of that market is heating up. YTO Express, which according to media reports is ...
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