Ymatou Founder Posted Lengthy WeChat Letter
Ymatou, a Chinese cross-border e-commerce platform, Founder and Chief Executive Zeng Bibo posted a lengthy letter on WeChat earlier this month. The letter noted that Ymatou faced several difficulties this year, including rigid Covid-19 control measures, the structure of organization adjustment and obstruction of customs clearance. Zeng also detailed the firm’s efforts to survive various disruptions, which have resulted in a dwindling cash flow and an exodus of employees. He vowed to continue the e-commerce platform’s business growth and promised to try his best to keep the business afloat.
Covid-19 Control Measures Hurt E-Commerce
Zeng Bibo wrote that the Covid-19 control measures have hurt e-commerce market development. China’s current economic position is dire. The number of cargo flights has significantly decreased across the world, and the processing time for customs clearance also increased. Changes under the pandemic have impacted the crucial logistics industry of e-commerce. Three-month Covid-19 lockdown in Shanghai shut down vital logistics operations, which prompted many Ymatou users to cancel their orders. These caused the firm to face mounting challenges from the country’s faltering economy.
Zeng Bibo Remains Optimistic About Prospects
While the easy and most logical choice at present would be to give up and close the company. However, Zeng Bibo stated that he remains optimistic about the development prospects of the e-commerce platform and goes against the disruptions that continue to operate Ymatou.
===
AmiGo Post International Parcel Shipping Solution
FreightAmigo‘s latest International Parcel Shipping solution, AmiGo Post, provides one-stop access to freight booking, customs clearance, cargo insurance and trade finance. It eliminates the hassle of arranging logistics and allowing you to focus on business development! Let’s Make Trade Easier!
===
Register for free and experience the new era of FreighTech x FinTech. If you have any questions, welcome to Chat online / WhatsApp: +852 300898592
FAQ
What letter did Ymatou’s founder post?
The founder posted a lengthy WeChat letter. It detailed difficulties like Covid-19 controls, organizational changes and customs issues, while vowing to keep the business afloat.
What difficulties has Ymatou encountered?
Ymatou faced multiple disruptions this year. These include rigid Covid-19 measures, organization adjustments, customs clearance obstructions, dwindling cash flow and employee exodus.
How have Covid-19 measures impacted the business?
Covid-19 controls have hurt e-commerce development. Decreased cargo flights, longer customs processing, Shanghai lockdown leading to order cancellations and logistics shutdowns.
Does the founder remain optimistic about Ymatou?
Yes, Zeng Bibo remains optimistic. He chooses to continue operating the platform despite the challenges and disruptions.
Global Popular RoutesTop sea & air shipping lanes
Special OfferLimited-time shipping promotions
Express
Document
Parcel - Air/Sea
Container
Relocation
