Company: ABLV
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001213900-25-034677
Chunk: 10

Company: Able View Global Inc.
Filing Date: 2025-04-23
Form: 20-F
Item: Item 3
Chunk 10
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 we may not be successful enough in these newer areas
to recoup our investments in them. If any of these circumstances were to occur, our business, financial condition and results of operations
may be materially and adversely affected.

If we fail to maintain our relationships
with e-commerce channels or adapt ourselves to emerging e-commerce channels, or if e-commerce channels otherwise curtail or inhibit our
ability to integrate our capabilities with their channels, our capabilities would be less appealing to existing and potential brand partners.

We generate substantially all of our revenues
in distributing and selling cross-border products from various global brand owners to Chinese consumers from multiple e-commerce channels,
including (i) via online marketplaces (ii) via distributors (iii) directly to end consumers from e-commerce stores operated
by Able View. These e-commerce channels have no obligation to do business with us or to allow us to have access to their channels in the
long term. If we fail to maintain our relationships with these channels, they may decide at any time and for any reason to significantly
curtail or inhibit our ability to integrate our capabilities with their channels. A majority of our platform service agreements have been
renewed on an annual basis.

Additionally, these channels may decide to make
significant changes to their respective business models, policies, systems or plans, and those changes could impair or inhibit our ability
or our partners’ ability to leverage our capabilities to sell their products on those channels, or may adversely affect the amount
of GMV that our partners can sell on those channels, or otherwise reduce the desirability of selling on those channels. Further, any of
these channels could decide to acquire capabilities that would allow them to compete with us. If we are unable to adapt to new e-commerce
channels as they emerge, our capabilities may be less attractive to our partners. Any of these developments could have a material adverse
effect on our results of operations.

If certain mainstream e-commerce channels,
such as Tmall and JD. com., fail, we may be negatively influenced.

A significant portion of our GMV is derived from
merchandise sold or services rendered on Tmall and JD. com, which comprise 20% and 32%, 22% and 19%, and 29% and 8%, respectively of our
total GMV in 2022, 2023, and 2024, respectively. If e-commerce channels such as Tmall and JD. com are not successful in attracting consumers
or their reputations are adversely affected