You have a good overview of the China cross border e commerce landscape now, the most popular products, the key marketplace platforms, WeChat stores, and how to lift the potential for your business. It may take some effort to adapt it to the Chinese market, including hosting in China/Hong Kong, integrating Chinese social media, remove links to blocked sites, and integration of Chinese payment systems. This illustrates that Internet and Mobile technology has become an indispensable facet of Chinese people’s everyday life, pr… 2. Pinduoduo, a new model of social media eCommerce firm that leverages group purchasing, has overtaken dozens of competitors in the past two years to become the third largest platform, with 5.7% market share. This created the nickname “world’s factory”. There are several cross border e commerce platforms in China. However, this is doable. Combining both social media and online shopping, so-called social commerce, is the secret of success of the most popular border e commerce platforms in the Chinese market. In the past, China was a key player for sourcing goods and exporting them to the world. Comparatively, the United States has around 300 million internet users. Cross-border ecommerce is growing in popularity in China. Cross-bor… It offers B2B transactions from China to the whole world. (June 3, 2020). To say that the China Cross Border E Commerce (CBEC) is booming is an understatement. Mobile E-commerce Is Still on the Rise. In terms of logistics, Daigous and CBEC companies now import goods into a free trade zone (mostly Shanghai). Besides, cross-border online shoppers … According to market share, Kaola is the largest player in China’s cross-border e-commerce market (21,4% of the total market share). The VAT, customs fees, and delivery fees to the customer are then passed on to the customer. It also lowers thecost of doing business in China. Back in 2014, China exported goods with a total value of more than 2.3 trillion USD. And most importantly, you can sell anything you want from the CBEC list, without a platform regulating this for you. Chinese customs have reportedly doubled down on their inspections of daigoumerchants at airports, and some have been imprisoned for tax eva… Most larger global brands have a presence on one or several of these platforms since it provides high exposure to the market and allows them to benefit from the great quality and exposure of these platforms. and over 1 Mio. Research Corridor new comprehensive study on cross border e-commerce market offers in-depth analysis on industry trends, market size, competitive analysis and market … To summarize, existing marketplace platforms as well as starting your own platform both have advantages and disadvantages. You need a Single Account for unlimited access. Businesses in China and worldwide are waiting in line to get a piece of this cake. eCommerce in China: Cross-border vs domestic eCommerce January 10, 2019 A total of 803 million Chinese consumers, or 58 per cent of the Chinese population, makes day-to-day purchases via different eCommerce channels in China. Cross-border E-commerce Market 2020- Current Scenario, Market Share, Future Opportunities, Keyplayers - AliExpress, EBay, Amazon, Taobao etc. This means you will additionally need an exceptional digital marketing strategy (niche, SEO keywords, etc.) In the menu of your WeChat account, you can add links to your shops – through an H5 app, a mini-program, or an external website. Tmall Global is competitively expensive and getting your foot in the door comes with a certain risk, as Tmall may reject products that don’t fit their strategy, and you might even lose your deposit. Besides, the Chinese simply love social media, and in fact, often trust their peers and influencers more than official brands and regular advertisements. An estimated 42 percent of Chinese online shoppers have bought items from abroad, and cross-border sales take a 58 percent share of China’s e-commerce market. Aliexpress is Alibaba’s non-CBEC and B2C platform, offering products from China to the whole world. Pinduoduo is a popular channel for group-buying deals and a 2018 stock-hit, in which Tencent (WeChat, QQ) invested. There are several cross border e commerce platforms in China. For example, via dropshipping, Amazon FBA and so on. Profit from additional features by authenticating your Admin account. Since 2019, these sellers need an official business license to sell their products. Generally speaking, cross border e commerce refers to any international sale of a product or service between two parties on an online marketplace platform. The list is led by Tmall Global and Kaola. 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2020 china cross border e commerce market share