- asiabits
- Posts
- 🟠 The end of China’s cheap parcels?
🟠 The end of China’s cheap parcels?
Reading time: 4 min 25 sec
Today’s edition is written by:
Michael, Quirin, Robert, and Thomas
☕️ Good morning, friends,
A new player has entered the humanoid robot arena: Russia 🇷🇺
The debut was, well, let’s call it unfortunate.
The robot did look quite human, just more like someone trying to find their way home at four in the morning with a bottle of vodka in their system.
Have a great weekend. We are flying to Shenzhen now for the Xin Summit hosted by our partner Beyond Expo. ✈️
Highlights: Asian markets stumbled on Thursday, as investors preferred to play it safe ahead of Tencent’s earnings and fresh China data.
Only after the market closed did Tencent deliver surprisingly strong results: revenue up 15% to 192.9 bn CNY (~US$27.2 bn) and profit of 63.1 bn CNY (~US$8.9 bn) – clearly beating expectations.
TOP BIT
🇪🇺 The end of one-euro parcels from China
The collapse of a fragile business model
Every day, millions of tiny parcels from China land in European mailboxes. Phone cases for €1.99, kitchen tools for €2.99.
Soon, that model will be over.
The EU plans to scrap duty exemptions for low-value imports two years earlier than planned.
The Details
📬 Duty from the first euro: Until now, orders up to …