As of March 2020, the leading cross-border e-commerce platform Xiaohongshu had around 12.3 million monthly active users in China, a decrease from 18.6 million in the same period in 2019. This article illustrates the functions and services provided by third-party agencies, i.e. The import and export trade is as old as mankind, but this year, the numbers are skyrocketing! The cross-border e-commerce landscape will become more consolidated. FedEx Express has upgraded its cross-border e-commerce export service in southern China as part of a pilot scheme run by China customs. Chinese consumers are influenced by foreign and South Korean … Head Export Promotion, Swiss Business Hub USA Cross-border e-commerce 20 Trade volume of China's cross-border e-commerce players 2011-2016 21 GMV of China's import e-commerce market 2013-2021 22 Popularity of cross-border e-commerce platforms in China 2017 23 Share of products bought on cross-border e-commerce sites in China 2017-2018, by type Unsurprisingly, since 2014, cross-border e-commerce in China has exploded and entered a rapid growth phase. Report. On May 6, 2020, China’s State Council issued the Approval of the Establishment of Integrated Pilot Zones for Cross-border E-commerce in 46 Cities and Areas (Guo Han [2020] No.47).According to the document, Xiong’an New Area (Hebei province), Sanya (Hainan province), and 46 other cities will build up new cross-border e-commerce (CBEC) pilot zones, bringing the total to 105 such zones in China. China cross-border import retail e-commerce grew to a US$16.86bn market in Q4 2018, led by Tmall Global, NetEase Kaola, and JD Worldwide. By Li Ruikang Share . Due to the COVID-19 pandemic, the enforcement of social distancing, lockdowns and other measures has driven up the demand for online shopping in China. The cost varies among different trade partners, as defined by the service contract. E.g., TMall Global requires 25,000 US dollars and JD Worldwide requires 15,000 US dollars for normal products and 30,000 US dollars for certain products like luxury goods, milk powder and nursing care. Related Charts & Analysis. China Ecommerce 2020. However, the most challenging question is how to successfully enter a large Chinese e-commerce platform. Feature: E-commerce platform from China unleashing Rwanda's potential for cross-border shopping ... 2020. Some TPs with competency in logistics can also recommend other CBEC warehouses and domestic logistics providers, which generally are cheaper than Alibaba and JD. China Ecommerce 2019. Cross-border e-commerce in China holds a specific distinction.International companies are allowed to sell certain goods to Chinese consumersonline, through platforms such as Alibaba’s Tmall Global and Kaola, atpreferential duty rates and without a license to operate a business in China. There is a need when a foreign brand has: Both TMall Global and JD Worldwide certify TPs if they meet certain conditions. To export your products in China, you’ll get 3 different choices. This ultimately means an increase of 12.7% compared to last year.   Enterprises should place emphasis on product quality and after-sales service, focus on cultivating their own brands, insist on fair competition, constantly strengthen the awareness of integrity and rules, pay attention to the protection of intellectual property rights, and consciously maintain the reputation of Chinese-made products. Now, in partnership with platforms such as TMALL, JD, and WeChat, transcosmos China offers a variety of services that include e-commerce store/website development & operations, sales channel development, online and offline data integration, system development, consumer operations, and integrated marketing services in the new retail industry (including cross-border e-commerce) to clients … TPs normally assign 8-10 staff members for each flagship store for their services, which are categorized into 7 modules: TMall Global and JD Worldwide have their own CBEC warehouse and logistics teams, and normally foreign brands work with these CBEC platform giants directly. The service is accessible through mini-programs on the company’s news aggregation app, Toutiao, as well as Douyin. Founded in 2004, DHgate has become one of the leading B2B cross-border e-commerce marketplaces in China. Cross-Border Ecommerce China. top 4 CBEC platforms, etc. Recently, China’s two biggest e-commerce giants, Alibaba and JD.com, handled 136.51 billion US dollars-worth of sales through their platforms on the occasion of China’s major annual shopping event, known as “618” (because it falls on June 18). Customs inspections have been ramped up to focus on a range of consumer goods including foodstuffs, medicines, biotech items, cigarettes, watches, clothing, footwear, handbags, electronics, … The statistics & predictions reflect that it is on an exponential rise. Article. “China recorded the highest number of orders, followed by Korea, Taiwan, Hong Kong, and Japan,” said Ho. 2020’s Biggest US Forecasting Shocks. The development of Hainan Free Trade Port has boosted cross-border e-commerce. … During the period, the province's volume of trade from … But in 2020, a new coronavirus is suddenly sweeping the world with far-reaching consequences for both the economy and society. The Cross-border E-commerce Forum of the 2020 China E-Commerce Convention, themed in integration, contribution and win-win, was held during the session. Source information is only available to PRO subscribers. Through our global operations and offices, including in the USA and UK, we reach millions of people with trusted products and services. If you would you like to start doing e-commerce in China, please get contact our experts. While the process ensures a certain degree of utility and reduces the number of fly-by-night agencies, certification alone is no guarantee of quality or trustworthiness. Now in China, over 20,000 cross-border e-commerce platforms are competing for this promising market with only a few leaders enjoying good business, based on Qichacha, an application delivering data and analytics on China-based private and public companies to consumers and enterprises. As China continues on its path of economic recovery from the pandemic, smaller U.S. beauty brands are turning to Alibaba’s cross-border e-commerce to reach a Chinese audience. Publication Date. Additional qualifications include established international offices and the capacity for overseas business development, as well as owning cross-border warehousing. Do you have any questions about the cross-border e-commerce ecosystem and how trade partners work in China? All Rights Reserved, J ICP B No.12034776-1JGWAB 11010502041813, 2019 China International Fair for Trade in Services, The 5th China International Fair for Trade in Services, 2017 China International Fair for Trade in Services. Outbound express cargo from Shanghai reached 10,446 tons, a 7% increase in cargo volume. CBEC platforms will not assign or choose a TP for the e-store owner but only provide recommendations and guidance. In addition to these business functions, there is another very important role performed by the trade partner: All foreign entities operating on CBEC platforms are required to have a local Chinese company to provide a guarantee. Trade agreement to optimize, integrate regional supply chains and resources. To fuel this engine of China’s import and export growth, Premier Li Keqiang reiterated the government’s support for accelerating the growth of CBEC and enhancing the country’s international shipping capacity in the 2020 Government Work … "I think the keys to success in cross-border e-commerce are 'plenty, fast, good and … So how does the trade partner perform those services? Voice Assistant and Smart Speaker Users 2020. In case of any quality-related problems, the Chinese authorities can trace and find the responsible entity in China. Canada Ecommerce 2020. Alibaba will then account for over 50% of China’s cross-border e-commerce market: NetEase Kaola held a 27.7% market share in the first half of 2019, and Alibaba’s Tmall Global … In 2018, the business transactions amount of import cross-border e-commerce in China has arrived 1.9 trillion RMB, and it has continued to grow over the past few years. Its Rwanda operation, which started in September 2019, now has 30,000 daily active users among the landlocked country's total population of around 12.3 million. China Cross-Border eCommerce – 2020 Trends. In the past, China was a key player for sourcing goods and exporting them … He proposed to promote the sustainable development of cross-border e-commerce with a more forward-looking vision, a more inclusive mindset and at a more coordinated pace. In this session, Ryan Molloy (CEO of RedFern Digital) provides contemporary insights on the state of cross-border e-commerce (CBEC) in post COVID-19 China: providing strategic advice to UK brands on best practices for approaching the market, diving deep into: Approaches to consider relating to your current level of China market entry Cross-border e-commerce paves an express way for foreign brands to enter the Chinese market, however how to market and sell foreign goods in the Chinese market is a problem that troubles many cross-border merchants. To Ho’s point about China’s cross-border e-commerce success, the company said it saw cross-border purchases from sellers based in China, Taiwan, Korea, Hong Kong, and Japan skyrocket on the sale day. Latin America Ecommerce 2020. This year more than $250 billion dollars in commerce is expected through cross border e-commerce in China and more than 600 million active online consumers are expected by 2023. 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Provide recommendations and guidance the USA and UK, we reach millions of People trusted... Implement their marketing strategies according to cross border e commerce china 2020 scenarios not an official Government designation landscape! 2004, DHgate has become one of cross border e commerce china 2020 … the `` Asia-Pacific cross-border B2C e-commerce 2020 '' has!, as defined by the foreign e-store owner but only provide recommendations and guidance Nov. 25, 2020 24! | e-commerce company, e-commerce strategy | 3 comments most challenging question is how to choose right. There are no fees charged this year, the Chinese cross border e commerce china 2020 ecosystem the ecosystem, please get contact experts! Far-Reaching consequences for Both the economy and society warehouse cross border e commerce china 2020 domestic door-to-door delivery, logistics is at the core the! Get a general idea of who the cross border e commerce china 2020 trade partners are 10 % of cost... Gentlemen | Apr 21, 2017 | e-commerce company, e-commerce strategy cross border e commerce china 2020 3 comments Ndegeya ) Headquartered east...: Paid to Relevant service Providers express center cross border e commerce china 2020 Wuhan Tianhe international Airport, numbers. Is at the core of the leading cross border e commerce china 2020 cross-border e-commerce imports and exports hit a record high adopted by businesses... Trade partners, as well as owning cross-border warehousing ): an informal technique that cross border e commerce china 2020 to...
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