Ruisifei Digs Deep into China's Cross border E-commerce Market Opportunities | China | Opportunities

Release time:Apr 14, 2024 12:53 PM

At the end of 2020, e-commerce and online transaction anti fraud company Ruisifei announced its entry into the Chinese market, committed to providing anti fraud solutions for cross-border e-commerce businesses of Chinese merchants. Edo Gail, CEO of Ruisifei, stated in an interview with Economic Daily that over the past two years, the company has developed smoothly in the Chinese market and achieved its expected goals. Ruisifei is very optimistic about the development prospects of the Chinese market and will further explore opportunities in the Chinese cross-border e-commerce market.

Ruisifei was founded in Israel in 2013. The company is committed to providing anti fraud solutions for customers in cross-border e-commerce business. While filtering out fraudulent orders, it improves the conversion rate of user orders and helps customers provide a better consumer experience.

Edo Gail introduced that the team size of Ruisifei China is currently nearly 20 people, and the company has cooperated with multiple Chinese corporate clients. "Nowadays, more and more Chinese companies have a full industry chain, including manufacturing, sales, branding, logistics, payment, etc., becoming large global enterprises." Ido Gael said, "Enterprises selling products in the global market face a more fragmented and complex payment environment than the Chinese market. In other countries, cash and credit card usage rates are higher, there is less collectible payment data, and the risk of transaction fraud is greater."

Edo Gail stated that Ruisi Fei has processed over 1 billion transactions for online trading merchants worldwide and has a vast database. The company also has a better understanding of the payment environment in various regions, and can provide assistance to Chinese customers participating in global sales to ensure that they avoid payment risks and fraud issues during their overseas journey.

Since the beginning of this year, generative artificial intelligence has ignited the market and brought new tests and opportunities to cross-border transactions. Ido Gail stated that after the emergence of generative artificial intelligence, some unscrupulous fraudsters are also using it to create more complex and difficult to identify fraudulent behaviors and transactions. For merchants, the difficulty of dealing with payment fraud has also increased.

"We will use constantly updated technology to respond to the ever-changing fraudulent methods of fraudsters, to help businesses. At the same time, such technology and development trends can also help our anti fraud models improve identification accuracy, bring customers better quality and more accurate services. Therefore, this is a good development opportunity for us," said Edo Gayle.

When it comes to the future of the Chinese market, Edo Gale said that Ruisi Fei has great confidence and optimism in the Chinese market, mainly considering several factors: first, China has very high-quality human resources; Secondly, although the domestic market in China is already a very large market, many Chinese entrepreneurs and entrepreneurs still set their business goals on a broader global market. They not only hope to operate the Chinese market well, but also hope to build their corporate brand into a global brand. We believe that this trend will continue. These factors will help Ruisifei achieve better development in the Chinese market.

Two women were stabbed to death and reported to have committed a crime 4 days before the follow-up visit for schizophrenia. Suspect of a bloody murder case in a Hong Kong shopping mall appeared in court today. Male | Last Friday | Murder case
Two women were stabbed to death and reported to have committed a crime 4 days before the follow-up visit for schizophrenia. Suspect of a bloody murder case in a Hong Kong shopping mall appeared in court today. Male | Last Friday | Murder case

According to Hong Kong's Wen Wei Po, a bloody knife stabbing case occurred at Hollywood Square in Diamond Hill last Friday. The police arrested a 39 year old man on suspicion of stabbing two young women, one of whom was stabbed over 30 times. The suspect appeared in the Kwun Tong Magistrates Court this morning. The police at the Kwun Tong Magistrate's Court temporarily charged the suspect with two counts of murder last Sunday. The suspect appeared in court this morning at the Kwun Tong Magistrate's Court. Acting Chief Magistrate Zheng Jihang, after listening to the opinions of both the prosecution and defense, decided to postpone the hearing for two weeks until 9:30 am on June 19th, waiting for two psychiatric expert reports to be obtained. The defense did not object. Zheng Jihang approved the application, and the defendant needs to be temporarily detained at Xiaolan Mental Hospital. When the suspect appeared in court, he wore black framed glasses, a light gray shirt, and camouflage green shorts, and was able to answer the judge's questions normally. accordingly

Secretary of the Provincial Party Committee: The focus of Henan's "summer harvest" has shifted to agricultural machinery in the northern region of Henan Province. | Support | Science | Organization | Province | Northern Henan | Summer Harvest | Rush Harvest
Secretary of the Provincial Party Committee: The focus of Henan's "summer harvest" has shifted to agricultural machinery in the northern region of Henan Province. | Support | Science | Organization | Province | Northern Henan | Summer Harvest | Rush Harvest

Currently, the highly anticipated summer harvest work in Henan has shifted its focus to the northern region of Henan. According to the Henan Daily client, on June 4th, Lou Yangsheng, Secretary of the Henan Provincial Party Committee, presided over a special video scheduling meeting on the "Three Summers" work in the province, listened to the situation report, analyzed and judged the situation, and arranged and deployed the next steps of work. Governor Wang Kai made specific arrangements. On the evening of May 31, 2023, in Xiafutou Village, Xuliang Town, Boai County, Jiaozuo, Henan Province, villagers braved light rain in the wheat fields to harvest wheat. Visual China Map Lou Yangsheng pointed out that the current summer harvest battle in the province has entered the decisive stage. Doing a good job in summer harvest in northern Henan Province is related to the summer grain yield and seed safety. We should focus on seizing opportunities and make every effort to organize the wheat harvesting work in the northern Henan region, minimize losses, and protect the interests of farmers to the greatest extent possible. Accurate forecasting is essential

Xinhua All Media+| Welcome home! What innovative technologies are protecting the return journey of Shenzhou 15? Spaceship | Shenzhou | Technology
Xinhua All Media+| Welcome home! What innovative technologies are protecting the return journey of Shenzhou 15? Spaceship | Shenzhou | Technology

On June 4th, the return capsule of the Shenzhou-15 manned spacecraft successfully landed at the Dongfeng landing site. Astronauts Fei Junlong, Deng Qingming, and Zhang Lu all safely and smoothly exited the spacecraft, and the Shenzhou-15 manned flight mission was a complete success. What innovative technologies are there to safeguard the return journey of Shenzhou 15 in this mission? On June 4th, the return capsule of the Shenzhou-15 manned spacecraft successfully landed at the Dongfeng landing site. Xinhua News Agency reporter Lian Zhen photographed that "the sky and the ground" ensure the high-precision return of spacecraft. For the Shenzhou series spacecraft, the return and re-entry GNC technology is directly related to the life safety of astronauts. Taking the success of this return mission as a symbol, China has comprehensively upgraded its GNC system since the Shenzhou-12 manned spacecraft, which features autonomous rapid rendezvous and docking, autonomous adaptive prediction and re-entry return guidance, and has completed a comprehensive update and replacement

The Chinese naval fleet has arrived! Assembly | Navy | Chinese Fleet
The Chinese naval fleet has arrived! Assembly | Navy | Chinese Fleet

At noon today, a Chinese naval fleet consisting of Zhanjiang and Xuchang ships arrived at the assembly area of the "Comodo-2023" multinational maritime joint exercise. It is understood that the assembly anchorage for this exercise is 3 nautical miles long and 1.5 nautical miles wide, capable of anchoring up to 50 ships. Naval vessels from various countries participating in the exercise will also arrive at the anchorage today to complete the assembly of the "Komodo 2023" multinational maritime joint exercise, which is held every two years by the Indonesian Navy. This year is already the fourth edition of the exercise. The exercise will be held from June 5th to 8th in the city of Jakarta, South Sulawesi Province, Indonesia, including the port and sea phases. In the coming days, participating navies from various countries will participate in ship reading style search and rescue exercises, maritime interception and damage management exercises, aerial exercises, and other course objectives exercises

New comment: Donkey like "morale" limit pulls US debt "bomb" fuse hard to dismantle US | debt | morale
New comment: Donkey like "morale" limit pulls US debt "bomb" fuse hard to dismantle US | debt | morale

On the evening of June 1st, the US Senate passed a bill on the federal government's debt ceiling and budget, and the flame of the US debt bomb was temporarily extinguished at the last moment. The two parties in the United States have staged an extreme tug of war over the US debt bomb. Some experts believe that the US debt crisis is the result of the reckless politics promoted by the US dollar hegemony, and the underlying cause of this crisis is the highly polarized political system of the US. Since the end of World War II, the US Congress has adjusted the debt ceiling more than a hundred times. The recurring debt crisis will not only have a catastrophic impact on the US economy and people's livelihoods, but also continuously erode the value of US dollar assets such as government credit and US bonds, bringing significant and far-reaching impacts to the global economic landscape. 【