{"id":8252,"date":"2025-07-09T17:09:16","date_gmt":"2025-07-09T09:09:16","guid":{"rendered":"https:\/\/goodsfox.com\/blog\/?p=8252"},"modified":"2025-07-09T17:09:16","modified_gmt":"2025-07-09T09:09:16","slug":"dailynews-july9","status":"publish","type":"post","link":"https:\/\/adfox.ai\/blog\/dailynews-july9\/","title":{"rendered":"Porsche\u2019s China Sales Crash 28%&#8230; But Its EVs Are Soaring!"},"content":{"rendered":"<h1><span style=\"font-size: 18pt;\"><strong><a href=\"https:\/\/www.goodsfox.com?utm_source=blog&amp;utm_medium=en&amp;utm_campaign=dailynews0709\">GoodsFox<\/a> Daily News (<\/strong><strong>July 9, 2025)<\/strong><strong>: Tariff Deadline Extended to August, Supply Chains in Flux <\/strong><\/span><\/h1>\n<p>&nbsp;<\/p>\n<ul>\n<li>Trump Extends Tariff Deadline to August, Businesses Rush to Adjust Supply Chains<\/li>\n<li>Rakuten Acquires B2BTrade for $500M, Accelerates Expansion in Asia&#8217;s E-Commerce Market<\/li>\n<li>Porsche&#8217;s China Market Drops 28%, But Electric Vehicles See Rapid Growth<\/li>\n<li>Temu Surpasses eBay to Become the 3rd Largest E-Commerce Platform in the U.S.<\/li>\n<li>Lazada and Daraz Integrate 8-Country Markets, Launch &#8220;One-Click Sync&#8221; Feature<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<hr \/>\n<h2><\/h2>\n<h2><strong><span style=\"font-size: 14pt;\">Trump Extends Tariff Deadline to August, Businesses Rush to Adjust Supply Chains\u00a0<\/span><\/strong><\/h2>\n<p>On July 7, President Trump signed an executive order. The tariff suspension deadline was extended from July 9 to August 1. He also imposed tariffs on 14 countries, including Japan and South Korea. The base tariff rate remains at 10%. U.S. Treasury Secretary warned that if no deal is reached by August, higher tariffs (25%-40%) will be reinstated. Chinese goods already face high tariffs, with a 54% total tariff rate (34% reciprocal + 20% original). The exemption for packages under $800 will also be removed. This will end the low-cost direct mail model. Chinese sellers are shifting to branding and localization. Platforms like Temu and SHEIN have already set up overseas warehouses to respond to the changes.<\/p>\n<p>&nbsp;<\/p>\n<h2><span style=\"font-size: 14pt;\"><strong>Rakuten Acquires B2BTrade for $500M, Accelerates Expansion in Asia&#8217;s E-Commerce Market<br \/>\n<\/strong><\/span><\/h2>\n<p>Japanese e-commerce giant Rakuten has acquired the Asian B2B platform B2BTrade for $500 million. The acquisition aims to integrate Rakuten&#8217;s B2C technology with B2BTrade&#8217;s business network, creating a more efficient e-commerce ecosystem. The deal will help Rakuten: 1) Quickly enter Asia&#8217;s rapidly growing B2B market; 2) Provide digital solutions for SMEs in the region; 3) Strengthen cross-border trade services. After the transaction, Rakuten\u2019s leadership in the Asian e-commerce market will be further consolidated, providing competitive services to millions of businesses.<\/p>\n<p>&nbsp;<\/p>\n<h2><span style=\"font-size: 14pt;\"><strong>Porsche&#8217;s China Market Drops 28%, But Electric Vehicles See Rapid Growth<br \/>\n<\/strong><\/span><\/h2>\n<p>Porsche\u2019s global sales fell by 6% in the first half of 2023, with 146,391 units sold. In China, sales dropped by 28%. However, North America saw a 10% growth due to increased supply and tariff protection. Electric vehicle deliveries rose by 36%, a 14.5 percentage point increase from last year. This shift highlights the success of Porsche\u2019s electrification efforts. It shows that electric vehicles are becoming a new growth driver for the company.<\/p>\n<p>&nbsp;<\/p>\n<p><strong><span style=\"font-size: 14pt;\">Temu Surpasses eBay to Become the 3rd Largest E-Commerce Platform in the U.S.<br \/>\n<\/span><\/strong><\/p>\n<p>Porsche&#8217;s global sales in the first half of 2023 fell by 6% to 146,391 units, with a significant 28% drop in China. However, the North American market saw a 10% increase, benefiting from higher supply and price protection from tariff policies. Notably, the share of electric vehicle deliveries reached 36%, a 14.5 percentage point increase from last year, showcasing the success of Porsche&#8217;s electrification efforts. This data reflects increased competition in China\u2019s luxury car market, stronger price tolerance in North America, and electric vehicles becoming a new growth driver.<\/p>\n<h2><\/h2>\n<h2><span style=\"font-size: 14pt;\"><strong>Lazada and Daraz Integrate 8-Country Markets, Launch &#8220;One-Click Sync&#8221; Feature<br \/>\n<\/strong><\/span><\/h2>\n<p>Lazada and Daraz have integrated their platforms, launching a new &#8220;one-click sync&#8221; feature that allows sellers to operate in 8 Southeast Asian and South Asian countries simultaneously, significantly boosting operational efficiency. The Southeast Asian e-commerce market reached $159 billion in 2023, with South Asia showing rapid growth similar to Southeast Asia five years ago. The platforms have introduced a combined strategy: Lazada&#8217;s five core strategies (including free onboarding) paired with Daraz\u2019s four strategies, offering billions in subsidies to help sellers expand into 8 countries. This feature will help sellers reduce operational costs across multiple countries, quickly replicate successful strategies, and capture the growth opportunities in the South Asian market.<\/p>\n<p>&nbsp;<\/p>\n<p>For more marketing insights and tools, visit <a href=\"https:\/\/www.goodsfox.com?utm_source=blog&amp;utm_medium=en&amp;utm_campaign=dailynews0709\">GoodsFox<\/a>.<\/p>\n<hr \/>\n<p>LinkedIn: <a href=\"https:\/\/www.linkedin.com\/in\/goodsfox-helper-365450282\/\">https:\/\/www.linkedin.com\/in\/goodsfox-helper-365450282\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>GoodsFox Daily News (July 9, 2025): Tariff Deadline Extended to August, Supply Chains in Flux &nbsp; Trump Extends Tariff Deadline to August, Businesses Rush to Adjust Supply Chains Rakuten Acquires B2BTrade for $500M, Accelerates Expansion in Asia&#8217;s E-Commerce Market Porsche&#8217;s China Market Drops 28%, But Electric Vehicles See Rapid Growth Temu Surpasses eBay to Become [&hellip;]<\/p>\n","protected":false},"author":21,"featured_media":8263,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[390],"tags":[1735,1733,392,544,356,1731,198,975,348,1083],"class_list":["post-8252","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-e-commerce-news","tag-asian-digital-economy","tag-cross-border-trade","tag-daily-e-commerce-news","tag-e-commerce-en","tag-ebay-en","tag-global-ecommerce","tag-goodsfox","tag-supply-chain","tag-temu-en","tag-trump-tariffs"],"blocksy_meta":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.8 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Porsche\u2019s China Sales Crash 28%... 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