Insta360 X5 Ignites Panic Buying in New York: Chinese Tech Dominates Global Market

2025.4.28 GoodsFox Daily E-commerce News: Insta360 X5 Ignites Panic Buying in New York: Chinese Tech Dominates Global Market

Insta360 X5 Ignites Panic Buying in New York: Chinese Tech Dominates Global Market
YiwuGo App Surges 200% in Downloads: Outdoor Gear and Fitness Products Drive Cross-Border Boom
Trump Vows to Maintain Tariffs Unless China Concedes: U.S.-China Trade Talks Stall
Shopee to Charge 4.5% Fee on SPayLater Orders
Pop Mart’s LABUBU Collection Propels App to #1 in U.S. App Store

1. Insta360 X5 Ignites Panic Buying in New York: Chinese Tech Dominates Global Market

Chinese brand Insta360’s latest 360-degree camera X5 has triggered unprecedented demand in the U.S.. New Yorkers lining up for blocks at midnight to secure the device. The product’s revolutionary features—such as an auto-hiding selfie stick, 185-minute battery life, and 80% fast charging in 20 minutes—have positioned it as a must-have for content creators and tech enthusiasts. Despite ongoing U.S.-China trade tensions, the X5 debuted as the top-selling camera on Amazon in 8 countries and dominated domestic platforms like Taobao and JD.com. With a 81.7% global market share in panoramic cameras, Insta360 exemplifies how Chinese innovation can transcend geopolitical barriers through sheer product superiority.

Source: GoodsFox

2. YiwuGo App Surges 200% in Downloads: Outdoor Gear and Fitness Products Drive Cross-Border Boom

The official app of China’s Yiwu market, YiwuGo, has seen a 200% surge in overseas downloads since April 14, ranking among the top 30 shopping apps in the U.S., France, and Malaysia. This growth is fueled by mountaineering poles (200% YoY sales) and home fitness equipment like dumbbells and barbells, driven by China’s outdoor recreation craze and global demand for affordable gear. The app’s success highlights how micro-wholesale platforms are leveraging tariff adjustments to capture fragmented markets, with Yiwu’s $23B annual trade volume in small commodities providing a robust supply chain backbone.

3. Trump Vows to Maintain Tariffs Unless China Concedes: U.S.-China Trade Talks Stall

U.S. President Trump reaffirmed his stance on keeping tariffs on Chinese goods during a recent interview, stating, “No deal until China makes real concessions.” This contradicts earlier signals of potential tariff reductions, creating confusion for cross-border sellers. China’s Embassy in Washington emphasized that no negotiations are ongoing and warned against “maximum pressure” tactics. With U.S. tariffs on Chinese products reaching 104% and China retaliating with 84% tariffs on U.S. goods, sellers in 3C electronics and textiles face heightened supply chain risks. Analysts recommend diversifying to ASEAN and Middle Eastern markets, where Belt and Road trade hit ¥19.47 trillion in 2024.

4. Shopee to Charge 4.5% Fee on SPayLater Orders

Shopee Malaysia announced that starting May 8, 2025, sellers will face a 4.5% transaction fee on orders paid via SPayLater, a buy-now-pay-later service. The platform will deduct fees directly. SPayLater offers buyers 1-24 month installment plans, including some 3-month zero-interest options, driving seller sales up by over 20% through targeted ads and coupons. Sellers should adapt strategies to manage these new costs effectively.

5. Pop Mart’s LABUBU Collection Propels App to #1 in U.S. App Store

Chinese toy giant Pop Mart achieved a historic milestone as its official app topped the U.S. App Store Shopping Chart and ranked #4 overall. This surge follows the April 24 global launch of LABUBU’s 3rd Generation Vinyl Plush Series, which sold out instantly in overseas markets. The campaign generated 20M+ social media engagements and drove a 114-position jump in the App Store rankings within 24 hours. Pop Mart’s success underscores the power of IP-driven marketing and limited-edition drops in creating viral demand, even in mature Western markets.

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