2026年7月

Three years ago, when our company was still in Songjiang, Shanghai, a colleague of mine spent six months working on a deal for 60 excavators and got a deposit from the client. But she didn't fully grasp how things worked behind the scenes in the industry.

When the third-party auditing company came to do the check, the auditor asked her for a bribe, and she refused. That really ticked them off. A few days later, she got a notice saying that the buyer was backing out of the deal. The reason? The auditor had submitted a fake report and had passed the order along to another company.

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I have great respect for Mr. Jack Ma. He built an amazing company that made global trade so much simpler. Unfortunately, his era has passed—he’s now retired, and people often see him cycling in parks or taking walks.

Today, Alibaba is effectively a state-owned company. With Jack Ma stepping back, the company is quietly changing.

You might trust Alibaba, but what I’m about to share might change your perspective.

Alibaba’s third-party escrow system still works. Honestly, it’s probably the most useful part of the whole platform.

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Many companies don't distinguish between "used" and "refurbished"; they use "used" and "refurbished" interchangeably. The reason I want to differentiate between "used" and "refurbished" is that "used" is roughly equivalent to "original", you can repair or modify it according to your own preferences. Therefore, it doesn't come with a warranty (although it's implicitly covered). While "refurbished" means that some parts have been replaced, the paint has been refreshed, and the operating hours have been reset. We must assume responsibility for the warranty after the repair.

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Hi everyone, I’m Mike Phua. I hope this video helps you learn something about the excavator market in China.

Over the past 40 years, China has become the largest infrastructure market in the world. And as one of the most efficient tools in this industry, excavators have also experienced explosive growth. Not only has China manufactured a huge number of excavators, it has also imported a lot from other countries.

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