Surpassing Walmart, Chinese e-commerce apps have topped the download charts in the United States

Alibaba International Station (Alibaba.com) has surpassed Walmart to become the third most downloaded free shopping app in the US AppStore. As a result, the top three spots on this list have been dominated by Chinese e-commerce platforms, with Taobao and DHgate ahead of Alibaba International Station. The GMV of multiple categories on the platform has seen significant growth. Among them, the transaction volume of new buyers for outdoor equipment has increased by 195%, pet supplies by nearly 130%, hair products by 671%, home appliances by 962%, security products by 601%, and health and beauty products by 318%.

Referring to the situation in 2018, the impact of tariffs on the actual profits of home appliance companies is controllable. The competitiveness of China's home appliance exports is based on its complete industrial chain and manufacturing cost advantages. Even with the increase in tariffs, it is still difficult to weaken its relative competitiveness. Eventually, the cost increase is likely to be passed on to the terminal price. During the first round of the trade war from 2018 to 2020, the overseas profitability of China's home appliance enterprises was not significantly affected.

Guojin Securities' research report points out that China's home appliance industry still has a strong competitive edge. From the perspective of the supply chain, it is difficult for China's home appliance production capacity to be replaced in the short term. In the market of compressors and motors, the core components of the three major white goods, China's production capacity share exceeds 70%. In the black electrical appliances sector, Hisense Video and TCL Electronics lead the global market share, and all of the top ten global TV contract manufacturers are Chinese companies. The maturity of the overseas supply chain system is lower than that of China. In the short term, the United States will find it difficult to find alternative production capacity, and it is expected that its reliance on China's production capacity will remain high.

Resource: 金融界