*St Kangmei: the company's shares will be temporarily suspended for one trading day tomorrow

Unpacking Japanese E-commerce：The Overlooked 120 Million Consumers

Japan is a demanding but high-value market. Chinese sellers are growing fast, yet success requires more than low prices—clear manuals, strong quality, 24/7 service, and trust. Consumption is polarizing, and aging buyers remain active. Long-term branding and localization are key.

Temu Expands Slovenian Seller Network as EU Tightens Cross-Border E-Commerce Rules

Temu（拼多多海外电商平台）, the cross-border marketplace backed by PDD Holdings（拼多多控股）, is expanding its local-seller and logistics footprint in Slovenia, positioning itself for a European market where low-value imports face new customs costs and online marketplaces face tougher accountability rules.

Alphamab Licenses Cancer Drug to Pathos AI in Deal Worth More Than US$2.2 Billion

Alphamab Oncology (康宁杰瑞生物制药) has licensed the overseas rights to its experimental cancer drug JSKN016 to US-based Pathos AI in a deal potentially worth more than US$2.2 billion, marking another major overseas licensing agreement for China’s rapidly expanding innovative-drug sector.

Insta360 to Open First Japan Flagship Store in Tokyo

Insta360 (影石) will open its first directly operated flagship store in Japan on August 8, 2026, in Tokyo’s Asakusa district. The new location marks another step in the Chinese imaging brand’s expansion from online sales and distributor networks toward direct retail operations in overseas markets.

Cainiao（菜鸟）Puts London Port Warehouse Into Operation, Supporting UK Three-Day Delivery

Cainiao（菜鸟）has formally put its London port warehouse into operation, bringing customs clearance, inspection and final-mile dispatch into a single operating system as it strengthens its UK cross-border logistics network.