Amazon Sellers Meetup – Canton Fair – Phase 3 – Thurs 1st Nov – FREE EVENT

Are you an Amazon/ecommerce Entrepreneur coming to Canton Fair this Autumn?

If yes, you do not want to miss our "World Famous" meetup for ecommerce entrepreneurs!

This Amazon network event is totally FREE

Networking is one of the most important parts of being an entrepreneur, this is why back in April 2015 I started this totally free networking event for Amazon Sellers.

In the past three years, the event has grown from a small meetup, to a massive 500+ attendee’s event, attracting some of the world’s top ecommerce entrepreneur visiting Canton Fair.

CLICK HERE TO BOOK

amazon-canton-fair-meetup

About The Event

The event is a casual get together for ecommerce entrepreneur, where you can enjoy your free evenings to discuss the latest tactics, techniques and processes that are working for ecommerce in 2018 and network with some of the best brains in the business!

WHY FREE!

It’s really free, I love to network, some of my best contact and lifelong friends have come from this event, we have an Amazing group of people attending Canton Fair every six months and it would be a total waste not to join together to improve our business, our lives and our friendships together!

At the last event, lots of people even suggested that I started to charge for the event as they felt they had learnt so much, and got the opportunity to network with amazon people, but the event is still FREE and will stay FREE!

This year we will have some sponsors to help cover the cost of putting on this huge event, but I promise you now! There will be no hard sell from anyone. I have chosen sponsors that I already use in my business, these are tried and tested companies that will help you grow and improve, and best of all they will get us some free beer! (Food you need to buy yourself!)

CLICK HERE TO BOOK

Where to meet

1920 German Restaurant & Ba
1920 German Restaurant & Bar

Starting time is 19:00 @ 1920 German Restaurant & Bar, feel free to get there earlier!

  • Phase 2 = Thursday 25th October
  • Phase 3 = Thursday 1st November

1920 German Restaurant & Bar; Zhujiangdong Road, Shop MW01-03 B1, Mid part of Huachenghui Center Guangzhou 510000, China

  • 冼村街道花城广场珠江东路30号东花城汇中区B1层z
  • Phone: +86 20 8709 6032

IMPORTANT: The Restaurant has three branches in Guangzhou, please make sure you come to the right one, it's not on Google Maps! It's next to the Grand Hyatt Hotel, if you use Google Maps look for the Grand Hyatt Hotel

1920 is located next to the Grand Hyatt Hote

CLICK HERE TO BOOK

Connect With Chris

  • Facebook – fb.me/cjdavey
  • WeChat – chris_zhuhai
  • WhatsApp +86 137 0232 0227
  • Email: events@fba4u.com

The best way to contact or talk with me…is wechat…this is a phone app like WhatsApp mixed with facebook, twitter, etc…It is an excellent app

Wechat is the most used app in China…all suppliers will have it…it is great for contacting them after work time for urgent requests, it has an English version you can download on your mobile, search the app store for it!

Wechat uses QR Codes to connet, scan mine to connect

wechat
Add our wechat for access to our groups

We have an two amazing group on WECHAT of nearly 750+ Amazon Sellers, If you add me on wechat I'll place you in this group, where you can network with some Amazon Rockstars!

Other Exhibition Info

If you are coming all the way to Asia there are many other exhibitions that really must not be missed, especially in Hong Kong, these shows are great!

You can find all the details of the exhibitions in ASIA on our website click here

Amazon Facebook Group

Join our event Facebook group and connect with other like-minded ecommerce & Amazon Entrepreneurs attending Canton Fair this year! Facebook Group

On our Facebook group, we will provide lots of available information like where to stay, how to get around, where to eat, cool tourist places to visit, meetup events, how to dress for Canton Fair etc…

CLICK HERE TO BOOK

About Me

I am a very experienced sourcing expert, for 17 years I worked for a large multinational company leading their sourcing team, the last 3 years of employment (2012 – 2015) was managing a sourcing team of 16 people in China, controlling the supply of materials to the company’s factories in the UK, Canada & China.

This job involved sourcing everything from nuts & bolts, to high-end finished products. Working with top industrial designers in London, product creation teams worldwide to bring a product from the sketch board to reality.

I have attended Canton Fair 17 times and plenty of other exhibitions in China & Hong Kong, I’m a regular visitor to factories in China, I have a broad understand of many production processes from plastic mouldings to metal castings, I have bought most types of products in my previous job.

Before coming to China in 2012 I was selling part-time on eBay and Amazon, I treated this really as a hobby to make a little pocket money. In September 2015 I quit my job and started full-time Amazon selling with my first product going live in December 2015.

All of my products are designed in-house, I now have 45 products with more on the way! In addition, have already cracked the seven-figure revenue

I now call China my home and run huge networking events during Canton Fair every six months. 

chris-davey-founder-fba4u
Chris Davey – Founder – FBA4U

CLICK HERE TO BOOK

Alibaba (BABA) Stock Sinks As Market Gains: What You Should Know

Alibaba (BABA) closed the most recent trading day at $164.75, moving -0.4% from the previous trading session. This change lagged the S&P 500’s 0.03% gain on the day. Elsewhere, the Dow gained 0.03%, while the tech-heavy Nasdaq lost 0.05%.

Prior to today’s trading, shares of the online retailer had lost 3.76% over the past month. This has lagged the Retail-Wholesale sector’s gain of 3.41% and the S&P 500’s gain of 3.1% in that time.

Investors will be hoping for strength from BABA as it approaches its next earnings release, which is expected to be November 1, 2018. In that report, analysts expect BABA to post earnings of $1.25 per share. This would mark a year-over-year decline of 3.1%. Our most recent consensus estimate is calling for quarterly revenue of $13.03 billion, up 57.25% from the year-ago period.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5.69 per share and revenue of $58.11 billion. These totals would mark changes of +8.59% and +51.63%, respectively, from last year.

It is also important to note the recent changes to analyst estimates for BABA. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company’s business and profitability.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 15.93% lower within the past month. BABA is holding a Zacks Rank of #5 (Strong Sell) right now.

In terms of valuation, BABA is currently trading at a Forward P/E ratio of 29.11. This represents a premium compared to its industry’s average Forward P/E of 28.95.

Meanwhile, BABA’s PEG ratio is currently 0.84. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company’s expected earnings growth rate into account. BABA’s industry had an average PEG ratio of 2.08 as of yesterday’s close.

The Internet – Commerce industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 203, putting it in the bottom 20% of all 250+ industries.

The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

What Jack Ma’s Departure Means for Alibaba

Alibaba Group Holding Executive Chairman and co-founder Jack Ma has been a living symbol not only for his mushrooming e-commerce business, but for New China writ large: flamboyant, plain-spoken, enthusiastically at home in a global spotlight. With Ma’s announced retirement, company and country revert to type. CEO Daniel Zhang, who will add the chairman’s title a year from now, is an unruffled, cerebral, finance guy who trained at Arthur Andersen and PwC before joining Alibaba in 2007. “Jack Ma is Superman, Daniel is Clark Kent,” says Kevin Carter, founder of the Emerging Markets Internet & Ecommerce exchange-traded fund.

Investors took the news calmly. Alibaba shares (ticker: BABA) rose 2% in the week following Sept. 7, when Ma’s plans started to leak. That is driven by expectations of a smooth and amiable succession. Ma ceded the CEO’s chair five years ago–spending less time counting beans and more globe-trotting or starring in his own martial arts film. Zhang’s executive chops are well tested. He pioneered the fantastically successful Singles Day sales promotion in 2009. Last year’s version took in $25 billion, compared with $1 billion for Amazon Prime Day. Since Zhang’s promotion to CEO in May 2015, the company’s shares have doubled. “I don’t see Ma stepping down as chairman having much impact on daily operations,” says Jasmine Huang, portfolio manager of the Columbia Greater China fund (NGCAX) at Columbia Threadneedle Investments.

Behind Ma’s high flying persona, Alibaba has developed a collective leadership model closer to Chinese tradition than the dominant visionary typical of Western tech. Control is vested in a 36-member board, split 50-50 between founders and current executives. (Outside shareholders have no vote because they hold stock through a so-called variable interest entity.)

Still, Ma’s retirement raises questions. The first concerns timing. Ma apparently wants to step down in conjunction with Alibaba’s 20th anniversary next year. But investors may find it curious for the captain to abandon ship when the shares are down 20% in the past three months, and China’s economy sails into choppy waters. “It’s not him stepping down by itself. It’s him stepping down with the overhang that’s facing the company,” says Ken Sena, CEO of independent researcher Aiera. We urged caution on the stock back in March (“Tencent, Alibaba Shares: Don’t Rush Back In,” March 30).

A larger issue is how well the collective governing structure is suited to the complex strategic choices facing Alibaba, which is growing fast in a fast-changing market. The core e-commerce business looks like a self-perpetuating money machine. But Alibaba has myriad options on where to expand, and deploy capital: offline retail, financial services, cloud computing?

Zhang is known as an apostle of bricks-and-mortar stores, which investors conceptually applaud as a complement to online dominance. But the build-out costs money. Alibaba’s revenue leapt 61% year-over-year in the latest reporting quarter, profit a mere 33% thanks to a tripling of capital expenditure. “There’s some risk that Alibaba’s expansion in several areas at the same time could dilute the profitability of the core business,” says Ramiz Chelat, a portfolio manager for Vontobel Asset Management’s Quality Growth boutique.

Ma’s business achievements over two decades have been superhuman in scale, and at 54 he has time for a rich new chapter in humanitarian work. He’s laid his succession plans meticulously. But there’s a famous line about best-laid plans.

CAIT seeks early rollout of ecommerce policy

New Delhi, Sep 16 () Traders’ body CAIT Sunday sought early introduction of the ecommerce policy in the wake of festive season beginning October 15.

In a statement, the Confederation of All India Traders (CAIT) said: “In absence of any policy, ecommerce portals will play their dirty game of predatory pricing, deep discounting and loss funding and vitiate the ecommerce market of the country”.

It also urged Commerce and Industry Minister Suresh Prabhu to restrict preferred sellers of ecommerce firms from selling products on these portals, claiming that these sellers are instrumental in malpractices.

The government has set up a group of secretaries to look into the issues, with concerns being raised on some proposals of the draft e-commerce policy.

The initial draft e-commerce policy had suggested several steps to promote growth of the fast growing sector.

It said online retail firms may have to store user data exclusively in India in view of security and privacy concerns.

The draft stated that any group company of an online retailer or marketplace may not be allowed to directly or indirectly influence the price or sale of products and services on its platform, a move that could completely restrict e-tailers from giving deep discounts.

The draft has suggested introduction of a pre-set timeframe for offering differential pricing or deep discounts by e-commerce players to customers.

Further, the draft recommended permitting 49 per cent foreign direct investment (FDI) in inventory-based business-to-customer e-commerce model. Currently, FDI in such businesses is prohibited and it is allowed only in the marketplace model.

Mexico is the largest ecommerce region in Latin America, reveals 2018 report

The ecommerce foundation launched the Latin America ecommerce Report 2018 on September 6th which highlighted the continent’s position as one of the top regions in the world for ecommerce growth.

One of the reasons behind this growth is both the increased population and the higher rate of internet penetration across the continent, with an average of 59 percent of the population using the internet.

Argentina is at the top of the leaderboard in this area, with 71 percent of Argentines connecting to the world wide web on a regular basis, followed by Chile, Uruguay and Costa Rica tying for second place with 66 percent, and Ecuador lagging behind with 54 percent.

Mexico boasts a place as the largest ecommerce market in Latin America, with a US$21 billion annual spend, making up a hefty chunk of the US$71.2 billion annual total for the region. Brazil isn’t too far behind with US$18.86, but Argentina, Colombia, Chile and Peru are the stragglers with US$6.83, US$4.93, US$3.7 and US$3 billion respectively.

When looking at where the burgeoning online consumers cohort spend their money, a common theme develops across the continent. MercadoLibre (MercadoLivre in Brazil) is without doubt the dominating platform for online commerce.

The ecommerce giant had 56.3 million unique visitors in May alone, with global powerhouse Amazon trailing behind at 22.4 million. MercadoLibre’s stronghold on Latin America has made it extremely difficult for Amazon to get a grip on the online market.

“Many investors see MercadoLibre as a sort of Latin American Amazon.com,” explained writer Jeremy Bowman in investment magazine The Motley Fool. “The company has growth opportunities in its payment platform Mercado Pago and its ecommerce marketplace in the huge Latin American Market.”

Only Chile bucks the trend, with yapo.cl taking the lead above MercadoLibre as the country’s most used ecommerce platform. For the remaining countries however, MercadoLibre invariably takes the top spot followed by either Amazon or Olx.

Mexico already has the highest annual earnings from ecommerce in the region, and this is expected to grow in response to improvements in connectivity, better financial inclusions and increased digital literacy.

Ecommerce is encouraged through retail events that offer special promotions, such as Hot Sale Event, which is similar to Black Friday in the US and offers reduced prices on clothing and electronics, the two top-selling online products in the country.

MercadoLibre and Amazon are the top online sellers, and the majority of Mexican e-shoppers make international purchases and perhaps as a response to this, 70 percent of online shoppers prefer to pay for their products via Paypal.

As Latin American countries continue to develop their technology at a phenomenal rate, ecommerce is only set to grow as the population takes advantage of the increased convenience and lower prices. As Amazon shoulders its way onto the continent however, it remains to be seen whether MercadoLibre will hold out against the global powerhouse.

This is billionaire Jeff Bezos’ daily routine and it sets him up for success

Jeff Bezos is in charge of a lot. He’s the CEO of Amazon — a company that is producing movies, developing A.I. voice technology and operating a grocery store in addition to remaking the e-commerce landscape — and he’s the founder of Blue Origin and the owner of The Washington Post.

Surprisingly, his days aren’t rushed. Instead, Bezos takes time to rest, recharge and make decisions carefully, he told the audience at the Economic Club of Washington, D.C. on September 13. Here’s what a typical day for Bezos looks like.

He wakes up early
“I go to bed early, I get up early,” Bezos said at the event.

Other CEOs are known to wake up before the sun: Apple CEO Tim Cook is awake at 3:45 a.m., while Ellevest CEO Sallie Krawcheck and Pepsi CEO Indra Nooyi are up by 4.

He “putters” and eats breakfast with his family
Once he’s up, Bezos takes some time for himself: “I like to putter in the mornings,” he said.

“I like to read the newspaper, I like to have coffee, I like to have breakfast with my kids before they go to school,” Bezos explained. “My puttering time is very important to me.”

Bezos has been known to make mighty breakfasts, he once cooked up blueberry-chocolate chip pancakes for husband and wife duo Seattle Seahawks player Russell Wilson and singer/songwriter Ciara.

And, he’s often in charge of doing dishes.

Bezos could be on to something: Taking time to “putter,” cook, or clean up, may be useful for creativity, according to a study by the University of California, Santa Barbara. Spending time on mindless tasks allowed the mind to wander and be more creative, researchers found.

He starts with his most important meetings
When Bezos is ready to turn to business, he devotes all of his focus to Amazon: “I set my first meeting for 10 a.m.,” he explains.

The first meetings of the day are the ones that require the most brain power.

“I like to do my high IQ meetings before lunch, like anything that’s going to be really mentally challenging, that’s a 10:00 a.m. meeting,” he says.

According to a study by biologist Christoph Randler, “People whose performance peaks in the morning are better positioned for career success, because they’re more proactive than people who are at their best in the evening.”

He draws a line when he’s tired
At the end of the day, Bezos tries to avoid making decisions. “By 5:00 p.m., I’m like ‘I can’t think about this today, let’s try that again tomorrow at 10:00 a.m.,'” Bezos says with a laugh.

Making thoughtful choices often becomes harder and harder throughout the day due to decision fatigue.

“Once you’re mentally depleted, you become reluctant to make trade-offs, which involve a particularly advanced and taxing form of decision making,” The New York Times explains of the phenomenon.

He makes sure to get enough sleep
To be as effective at making decisions as possible, Bezos also prioritizes sleep.

“I get eight hours of sleep, unless I’m traveling in different time zones,” he explains. “Sometimes it’s impossible but I am very focused on it. For me, I need eight hours of sleep. I think better, I have more energy, my mood is better, all these things.”

Indeed, it’s part of Bezos’ “work-life” harmony concept.

It’s all about setting himself up for success
“Think about it, as a senior executive, what do you really get paid to do?” Bezos says. “As a senior executive, you get paid to make a small number of high quality decisions. Your job is not to make thousands of decisions every day.”

The way he sees it, if you don’t take care of yourself, “[the] quality of those decisions might be lower because you’re tired or grouchy or any number of things.”

Amazon CEO Jeff Bezos’s new $2 billion philanthropic fund faces many unanswered questions

Amazon CEO Jeff Bezos finally shared more details of his philanthropic efforts on Thursday, announcing a new $2 billion fund, called “Day One Fund,” to help homeless families and create preschools.

The announcement came more than a year after Bezos asked his Twitter followers for ideas on how to give away his fortune, and on the heels of growing public criticism on his lack of philanthropic activities.

But philanthropic experts say the announcement — while a good start — still has many unanswered questions that need to be addressed as the world’s richest person accelerates his plan to give back.

“The announcement answers the questions we had before about what the priorities are going to be,” said Janet Camarena, director at Foundation Center, a nonprofit organization for philanthropy. “Now we’re waiting for the next chapter to hear the details of how he’s going to grow this.”

Here are five of the most pressing questions about Bezos’s new fund:

What structure?

One of the biggest questions is how Bezos plans to structure the fund. Depending on how it’s structured, it will be held to different types of regulatory and transparency standards. For example, if it’s a private foundation, Bezos will be required to spend 5 percent of the fund’s value every year, while an LLC structure will give him more flexibility.

Once the structure is determined, Bezos will have to hire a leadership team to run the initiative and put in proper oversight measures, like more details about the grant making process, which will all help add transparency to his fund, Camarena said.

“No foundation or billionaire can solve the world’s most pressing problems alone,” Camarena said. “The more you’re open, the more you’re trusted.”

Why only $2 billion?

Without knowing the exact structure of the fund, it’s unclear where the $2 billion will come from. If it comes straight out of Bezos’s own pocket, which many assume it will, he will be eligible for steep tax deductions. Thirty percent of the gift will be deductible if he sets up a private foundation; 50 percent if it’s a donor-advised fund.

The bigger question is the size of the fund, which is smaller compared to what other high net worth individuals in the tech industry, like Mark Zuckerberg or Bill Gates, have pledged to give back. Bezos hasn’t joined the Giving Pledge either, a popular campaign that has some of the world’s richest individuals commit to giving away the majority of their wealth.

Bezos, however, hinted in an interview Thursday that he could potentially add more to the $2 billion commitment as the initiative grows. Leslie Lenkowsky, a philanthropic studies professor at the University of Indiana, said Bezos’s idea of starting small before expanding, commonly known as an “acorns to oaks” approach, is not uncommon among wealthy individuals.

“There’s a good argument to start with a relatively smaller amount, and then when you see it’s successful, expand it,” Lenkowsky said.

For how long?

In theory, most philanthropic vehicles can run in perpetuity. Bezos hasn’t disclosed how long his fund will run or the timeline for distributing the $2 billion. If it’s set up as a private foundation, it must expend at least 5 percent of net assets value annually, but other forms, like an LLC or donor-advised funds, don’t have a required payout.

One way to ensure the fund is used more effectively, in a shorter period of time, is to follow a “sunset model,” in which a spending deadline is put in place, typically over a 10 to 20 year period, according to Brent Copen, who teaches financial management of nonprofit organizations at Berkeley.

“While you want to put money to work, you also want to do it in a way that’s thoughtful and responsible,” he said.

Why homelessness and preschools?

Camarena at the Foundation Center said that it would be interesting to know how Bezos ended up choosing homelessness and early childhood education as the fund’s priorities. While Bezos has actively supported early childhood education programs, he is less known for having an interest in solving homelessness issues.

Bezos said during an interview at an event in Washington, D.C. Thursday that he’s received over 47,000 ideas over the past year, and that he’s interested in “helping the world in many different ways.” For the preschool initiative, he said he’ll be actively involved, “operating” those schools.

One very important difference in Bezos’s approach is how he’s focused on more near-term issues, as opposed to other super rich people who tend to support more ambitious projects, like curing cancer, said Lenkowsky.

“It’s a much more realistic approach,” Lenkowsky said. “He is doing philanthropy in a way that we have not seen people of his wealth do it in a long time.”

Why now?

Plans for the new fund come at a time when politicians like Senator Bernie Sanders are stepping up their criticism of Bezos for worsening income inequality. Amazon, meanwhile, was one of the most vocal opponents of a new payroll tax proposal in Seattle that would have helped build affordable housing.

Brad Fulton, who teaches nonprofit management at the University of Indiana, suspects the focus on homeless families “probably has something to do” with the payroll tax bill Amazon opposed in Seattle. And while Bezos has been working on this fund for over a year, the timing of the announcement certainly comes at an interesting time, he said.

“It’s unclear why he made the announcement now, except that it comes on the heels of Sanders’ critiques, and Bezos apparently no longer liked being known as the least generous billionaire,” he said.

Amazon Adds Another Business Worth $10 Billion Per Year

It seems there isn’t a market that Amazon.com (NASDAQ:AMZN) won’t enter, given a large enough opportunity. The onetime bookseller turned e-commerce titan already dominates online sales and cloud computing, and continues to search for other industries to disrupt. Amazon CEO Jeff Bezos has famously said, “Your margin is my opportunity.”

While investors weren’t looking, Amazon has quietly built another business, currently worth $10 billion a year. Though not as eye-catching as the company’s other segments, its business-to-business (B2B) commerce platform, known as Amazon Business, has become one of its fastest growing segments.

The opportunity is massive
Amazon’s newest market is a monster. B2B e-commerce sales are projected to top $9 trillion this year in the U.S. alone, according to Forrester Research. While figures for the global opportunity are difficult to come by, the U.S. total illustrates the significant opportunity that Amazon is chasing.

In a blog post earlier this week, Amazon revealed that its B2B commerce platform has crested $10 billion in annual sales, and it cited a laundry list of institutions enabling that impressive benchmark:

  • 80% of the 100 largest-enrollment education organizations.
  • 55 of the Fortune 100 companies.
  • More than half the 100 biggest hospital systems.
  • More than 40% of the 100 most-populous communities’ local governments.

Amazon reflected on some of the factors that allowed it to grow its business portal into a $10 billion segment in less than four years — one that includes hundreds of thousands of business sellers globally that transact on its site. The platform serves millions of businesses worldwide, from mom-and-pop shops to large enterprises.

Amazon cited its international expansion as a contributor to its B2B growth, as its recent entry into France, Italy, and Spain brings the total number of countries served by Amazon Business to eight. The growing number of third-party sellers has also provided a boost, the company says, making up more than 50% of its $10 billion in global sales.

Amazon Business launched in 2015, and sells a wide variety of products, including office supplies, janitorial products, laboratory supplies, and break-room snacks. The platform allows companies to create multi-user accounts and customized approval processes, and can integrate with procurement application software.

Accelerating growth
A surprising takeaway is the speed at which this business has grown. Amazon’s consumer business took seven years to expand from $1 billion in sales to $10 billion, and Amazon Web Services (AWS) topped $10 billion in sales 10 years after its debut, according to CNBC. Amazon Business hit $10 billion less than four years after its launch, marking the fastest that an Amazon segment has reached this lofty milestone.

The magnitude of this opportunity is significant. In a note to clients, Robert W. Baird analyst Colin Sebastian said, “We believe Amazon B2B over the very long-term has the potential to surpass the size of the core [business to consumer] segment, and remains an under-appreciated opportunity by many investors.” Sebastian said he believes that Amazon Business could top $25 billion in annual sales by 2021.

It looks as if Amazon will likely add B2B to the growing list of businesses that the company already disrupts.

Amazon investigates staff bribery claims

Amazon is investigating claims that its employees accepted bribes in exchange for leaking confidential sales data.

Independent sellers were also allowed to delete negative reviews and restore banned accounts for payments of between $80 (£61; €69) and $2,000, according to allegations in the Wall Street Journal.

The Journal said the practice was particularly “pronounced in China”.

Amazon said it had “zero tolerance” for abuse of its systems and that it was conducting a “through investigation”.

“We hold our employees to a high ethical standard and anyone in violation of our Code faces discipline, including termination and potential legal and criminal penalties,” an Amazon spokesperson said.

They added that the company would also take “swift action” against sellers on its site who had “engaged in this behaviour… including terminating their selling accounts, deleting reviews, withholding funds, and taking legal action”.

The Bezos backlash: Is ‘big philanthropy’ a charade?

  • World’s richest man in $2bn charity move
  • How Jeff Bezos took Amazon to the top
  • According to the Wall Street Journal, Amazon’s investigation began in May when the firm was tipped off about the practice in China.

The Journal said independent brokers had used Chinese messaging service WeChat to connect independent sellers with Amazon staff.

Around half of the items sold on Amazon now come from third-party sellers, which means the online giant is able to offer a wider variety of items for sale.

Such sellers need to compete with Amazon’s own products to get noticed and compete directly with the online giant to get their items higher on search results pages.

Amazon Sellers Meetup – Canton Fair – Phase 2 – Thurs 25th Oct – FREE EVENT

Are you an Amazon/ecommerce Entrepreneur coming to Canton Fair this Autumn?

If yes, you do not want to miss our "World Famous" meetup for ecommerce entrepreneurs!

This Amazon network event is totally FREE

Networking is one of the most important parts of being an entrepreneur, this is why back in April 2015 I started this totally free networking event for Amazon Sellers.

In the past three years, the event has grown from a small meetup, to a massive 500+ attendee’s event, attracting some of the world’s top ecommerce entrepreneur visiting Canton Fair.

CLICK HERE TO BOOK

amazon-canton-fair-meetup

About The Event

The event is a casual get together for ecommerce entrepreneur, where you can enjoy your free evenings to discuss the latest tactics, techniques and processes that are working for ecommerce in 2018 and network with some of the best brains in the business!

WHY FREE!

It’s really free, I love to network, some of my best contact and lifelong friends have come from this event, we have an Amazing group of people attending Canton Fair every six months and it would be a total waste not to join together to improve our business, our lives and our friendships together!

At the last event, lots of people even suggested that I started to charge for the event as they felt they had learnt so much, and got the opportunity to network with amazon people, but the event is still FREE and will stay FREE!

This year we will have some sponsors to help cover the cost of putting on this huge event, but I promise you now! There will be no hard sell from anyone. I have chosen sponsors that I already use in my business, these are tried and tested companies that will help you grow and improve, and best of all they will get us some free beer! (Food you need to buy yourself!)

CLICK HERE TO BOOK

Where to meet

1920 German Restaurant & Ba
1920 German Restaurant & Bar

Starting time is 19:00 @ 1920 German Restaurant & Bar, feel free to get there earlier!

  • Phase 2 = Thursday 25th October
  • Phase 3 = Thursday 1st November

1920 German Restaurant & Bar; Zhujiangdong Road, Shop MW01-03 B1, Mid part of Huachenghui Center Guangzhou 510000, China

  • 冼村街道花城广场珠江东路30号东花城汇中区B1层z
  • Phone: +86 20 8709 6032

IMPORTANT: The Restaurant has three branches in Guangzhou, please make sure you come to the right one, it's not on Google Maps! It's next to the Grand Hyatt Hotel, if you use Google Maps look for the Grand Hyatt Hotel

1920 is located next to the Grand Hyatt Hote

CLICK HERE TO BOOK

Connect With Chris

  • Facebook – fb.me/cjdavey
  • WeChat – chris_zhuhai
  • WhatsApp +86 137 0232 0227
  • Email: events@fba4u.com

The best way to contact or talk with me…is wechat…this is a phone app like WhatsApp mixed with facebook, twitter, etc…It is an excellent app

Wechat is the most used app in China…all suppliers will have it…it is great for contacting them after work time for urgent requests, it has an English version you can download on your mobile, search the app store for it!

Wechat uses QR Codes to connet, scan mine to connect

wechat
Add our wechat for access to our groups

We have an two amazing group on WECHAT of nearly 750+ Amazon Sellers, If you add me on wechat I'll place you in this group, where you can network with some Amazon Rockstars!

Other Exhibition Info

If you are coming all the way to Asia there are many other exhibitions that really must not be missed, especially in Hong Kong, these shows are great!

You can find all the details of the exhibitions in ASIA on our website click here

Amazon Facebook Group

Join our event Facebook group and connect with other like-minded ecommerce & Amazon Entrepreneurs attending Canton Fair this year! Facebook Group

On our Facebook group, we will provide lots of available information like where to stay, how to get around, where to eat, cool tourist places to visit, meetup events, how to dress for Canton Fair etc…

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About Me

I am a very experienced sourcing expert, for 17 years I worked for a large multinational company leading their sourcing team, the last 3 years of employment (2012 – 2015) was managing a sourcing team of 16 people in China, controlling the supply of materials to the company’s factories in the UK, Canada & China.

This job involved sourcing everything from nuts & bolts, to high-end finished products. Working with top industrial designers in London, product creation teams worldwide to bring a product from the sketch board to reality.

I have attended Canton Fair 17 times and plenty of other exhibitions in China & Hong Kong, I’m a regular visitor to factories in China, I have a broad understand of many production processes from plastic mouldings to metal castings, I have bought most types of products in my previous job.

Before coming to China in 2012 I was selling part-time on eBay and Amazon, I treated this really as a hobby to make a little pocket money. In September 2015 I quit my job and started full-time Amazon selling with my first product going live in December 2015.

All of my products are designed in-house, I now have 45 products with more on the way! In addition, have already cracked the seven-figure revenue

I now call China my home and run huge networking events during Canton Fair every six months. 

chris-davey-founder-fba4u
Chris Davey – Founder – FBA4U

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