Recently, Qicaiying Group, the Shenzhen Maker Association, and Wildberries, a leading Russian e-commerce platform, formally established a partnership to jointly build a compliance-driven growth service channel for Chinese sellers in the Russian cross-border e-commerce market.

The hottest topic of discussion in the Amazon community lately has been the BSA's new regulations announced on August 24.

Over the past month, the Amazon seller community has been flooded with the same news almost every day:

“Starting August 24, Amazon will completely ban the transfer of stores!”

“Payment collection rights have been frozen, and the business has been permanently shut down due to a change in ownership!”

“Mainland companies can no longer switch to a Hong Kong entity—hurry and take advantage of this final window of opportunity!”

The group chat was filled with cries of despair; some stayed up all night trying to get their service providers to expedite a change of account owner, while others began frantically selling off their accounts.

But I want to say something that might get me some flak:

Most of these rumors are false.

In today’s post, I’ll explain in the simplest terms possible exactly what the new regulations announced on August 24 have changed and how they’ll affect you.

Changxin Technology Rises 4,651 TP3T on Its First Day of Trading; Tax Assessments and Payments Total 180.6 Billion in the First Half of the Year; Samsung Signs a $950 Billion Deal

Business owners in the foreign trade sector are likely losing sleep these days. On July 24, a new round of U.S. Section 301 tariffs officially took effect, imposing an additional 12.5% tariff on Chinese goods. The overall weighted average tariff rate on goods from mainland China has risen from approximately 23.21 TP3T to 24.41 TP3T. Don’t underestimate this 1.2-percentage-point increase—for exporters operating on thin margins and high volume, it could represent their entire annual profit.