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. The import and export trade is as old as mankind, but this year, the numbers are skyrocketing! KIGALI, Nov. 25 (Xinhua) -- Almost every month, … The Regional Comprehensive Economic Partnership agreement, signed by 15 Asia-Pacific countries on Sunday, is a boon to the burgeoning cross-border e-commerce industry and will further optimize and integrate regional supply chains and resources, as well as improve the efficiency of cross-border logistics, … Germany Ecommerce 2020. Marketing Agencies: They assist the brands to implement their marketing strategies according to actual scenarios. Report. 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 COVID-19 outbreak coul Founded in 2004, DHgate has become one of the leading B2B cross-border e-commerce marketplaces in China. China’s middle class today is equal in size to the entire U.S. population and is expected to reach 630 million by 2022, according to management … No specific cost is charged by Chinese Customs for customs clearance handled by a TP. ), Warranty deposit charged to each e-store (fixed price, returnable). Do you have any questions about the cross-border e-commerce ecosystem and how trade partners work in China? top 4 CBEC platforms, etc. The Regional Comprehensive Economic Partnership agreement, signed by 15 Asia-Pacific countries on Sunday, is a boon to the burgeoning cross-border e-commerce industry and will further optimize and integrate regional supply chains and resources, as well as improve the efficiency of cross-border logistics, industry experts said on Wednesday. How cross-border e-commerce is internationalizing Double-11. Feature: E-commerce platform from China unleashing Rwanda's potential for cross-border shopping ... 2020. According to China's Ministry of Culture and Tourism, about 150 million Chinese would travel overseas per year, spending on average $2,000. 08.10.2020 How to Work with a Trade Partner on a Cross-Border E-Commerce Platform in China Cross-Border Ecommerce China. 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. By Li Ruikang Share . ããThe 2020 China International Fair for Trade in Services (âCIFTISâ) was taken place on September 4-9 in Beijing, with the theme of âGlobal Services, Shared Prosperityâ. The overall cost structure of running an e-store in China is rather complex, taking into account the comprehensive services provided by the TP and the use of CBEC platforms: CBEC Platform Costs: Paid to the CBEC Platform, TP Service Costs: Paid to the Trade Partner. To qualify, TPs must have CBEC and logistics experience, a multilingual staff, an ERP system, and IT interface integration capability. At $5.8 Trillion in 2018, China has the second’largest market in the world according to Alizila group (Alibaba) Trending in China eCommerce. 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. July 10, 2020: While Chinese exports are facing resistance on many fronts, The CBEC pilot zones are designed to boost China’s import and export businesses (especially export). Internal Administrative and Maintenance Costs of the Foreign Brands: Each cost charger will only manage the costs and communicate with the e-store owner (the foreign entity) with regard to the services rendered. Cross-border e-commerce (CBEC) – activities of purchasing or selling products via online shopping across national borders – is gaining momentum in China. 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. The statistics & predictions reflect that it is on an exponential rise. Updated: 2020-12-04 (ejilin.gov.cn) ... Northeast China's Jilin province reported the value of foreign trade in its cross-border e-commerce hit 443 million yuan ($67.5 million) in the first 10 months this year, with year-on-year growth surging 399.3 percent, customs officials told a news conference in the province's capital city – Changchun, on Dec 1. The 2020 China Cross Border E Commerce Insights. UK Holiday Season Shopping 2019. For example, a TP specializing in cosmetics should have knowledge of the rules concerning government registration of such products, while one in food products would have experience in storing and distributing perishable goods. 2020-08-19 03:08:35 GMT 2020-08-19 11:08:35 (Beijing Time) Xinhua English. 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. Cross-Border Retail Ecommerce Buyers in China, 2014-2020. An effective way to identify a trustworthy TP is through recommendations from leading CBEC platforms that have their own TP management team who are responsible for TP resource maintenance, TP service framework building, TP performance evaluation and ranking, TP recommendation and TP communication assistance. Any marketing costs are not included and are borne by the foreign e-store owner. Some TPs with competency in logistics can also recommend other CBEC warehouses and domestic logistics providers, which generally are cheaper than Alibaba and JD. CBNData and Tmall Global forecast the number of Chinese consumers who buy foreign goods online is estimated to exceed 200 million by 2020. Current Cross-Border E-commerce Market in China. 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 … 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. Ebrun, in Chinese) Shein, Chinese fast fashion app primarily targeting … Trade Partner (TP): The trade partner role developed as CBEC evolved and integrated all functions of the industry chain into a single, comprehensive service provider. Report. 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 … Voice Assistant and Smart Speaker Users 2020. Related. "I think the keys to success in cross-border e-commerce are 'plenty, fast, good and … The cost varies among different trade partners, as defined by the service contract. Sources. US Connected TV Advertising 2020. Who are the key players in the Chinese CBEC ecosystem? Get an overview on the players in the Chinese cross-border e-commerce ecosystem and learn how to choose the right trade partner. 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 In case of any quality-related problems, the Chinese authorities can trace and find the responsible entity in China. Bai Ming, deputy director of the international market research institute under the Ministry of Commerce, said the new trade pact will have a positive effect on global cross-border e … Publication Date. UK Holiday Season Shopping 2019. JD.com had a total transaction volume of 269.2 billion yuan (37.99 billion US dollars), an increase of 33.6% year on year, while Alibaba said gross merchandise value (GMV) stood at 698.2 billion yuan (98.52 billion US dollars). MINISTRY OF COMMERCEÂ OF THE PEOPLEâS REPUBLIC OF CHINA, The People's Government of Beijing Municipality, Sourceï¼Organizing_Committee | Dateï¼2020-12-03. Digital shopping in China grew by more than 70% in 2015. Chinese consumers are influenced by foreign and South Korean … (Third Party) Costs of Marketing and Branding Activities: Paid to Relevant Service Providers. If we refer back to the definition of a TP, it performs multiple roles, including those of a marketing agency, distributor, logistics partner and operations agency. If you would you like to start doing e-commerce in China, please get contact our experts. NOV 13, 2020. Bytedance, the owner of short video apps Douyin and Tiktok, is testing a cross-border e-commerce project named Fuxiang Haigou, which offers special sales for branded products from a dozen countries. Less known to the 1.4-billion population is that the Double-11 (Singles' Day) shopping extravaganza is also gaining remarkable steam in other parts of the world, and that is both the result of and testament to Chinese … Source information is only available to PRO subscribers. With the advancements in the field of eCommerce solutions and development, cross border shopping is evolving rapidly. 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. We expect the cross-border e-commerce landscape to become more consolidated in 2020. Topics. “China recorded the highest number of orders, followed by Korea, Taiwan, Hong Kong, and Japan,” said Ho. trade partners (TPs), as well as the cost framework, in order to enable Swiss companies to gain a better understanding of how TPs support foreign companies operating on Chinese cross-border e-commerce platforms. In the past, China was a key player for sourcing goods and exporting them … We expect the cross-border e-commerce landscape to become more consolidated in 2020. China’s cross-border retailers are also facing new opportunities and challenges brought by the pandemic. However, the liabilities and authorizations will be mostly dependent on the framework of the service contract signed by the e-store owner and the trade partner. Head Export Promotion, Swiss Business Hub USA Latin America Ecommerce 2020. However, the most challenging question is how to successfully enter a large Chinese e-commerce platform. In 2016, the size of China’s cross-border retail e-commerce market was $78.5 billion; by 2021, this size is expected to exceed $140 billion. At the end of 2020, the e-commerce in Europe is expected to be worth €717 billion, according to RetailX. Report. Article. Similarly, TPs active in certain foreign regions should have in-depth knowledge of the regulations, supply chains and business cultures of specific countries (such as Switzerland or other nearby European countries), and provide the relevant language skills and support systems. It doesn’t require an import permit, but products may be subject to tax up to 15/30/60% according to your product. JD Worldwide charges 1,000 US dollars for each product category. "The RCEP will facilitate trade among member countries in the region and lower business uncertainties. Report. So how does the trade partner perform those services? China is not alone in celebrating what used to be an exclusively Chinese festival. 1. Related Charts & Analysis. Data from the Department of Commerce of Shaanxi Province shows that as of October 31, the China-Europe freight train âChangâanâ has completed 3,167 runs this year, which is 1.8 times the number at the same period last year. Logistics Partners: From cross-border bonded warehouse to domestic door-to-door delivery, logistics is at the core of the supply chain. 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). Golden Week, China’s national holiday that spanned Oct. 1 to 8 this year, prompted a surge in domestic spending which drove a robust rebound in consumption as pandemic effects begin to recede. 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 … However, the liabilities and authorizations will be mostly dependent on the framework of the service contract signed by the e-store owner and the trade partner. 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. 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. So how much does it cost? May 16, 2016. Similarly, TPs active in certain foreign regions should have in-depth knowledge of the regulations, supply chains and business cultures of specific countries (such as Switzerland or other nearby European countries), and provide the relevant language skills and support systems. For a visualization of the ecosystem, please see the image gallery below. The entry cost for different e-commerce platforms, the collaboration with a Chinese operation agent, and the approach to marketing are all the important points to consider. Yes, there’s no doubt that cross border eCommerce is the future of eCommerce. Alipay service fee on TMall Global: 10% of total cost (product price + logistics service fee). Alibaba acquired China’s then-largest cross-border e-commerce platform Kaola in September 2019 and will integrate it into Tmall. Kidswant, Jumei, etc. BEIJING, Aug. 18 (Xinhua) -- Amid great global economic uncertainties caused by the COVID-19 pandemic, China's foreign trade sector has delivered better-than-expected performances so far this year, with cross-border e-commerce providing impetus. So, if you are planning to sell on cross border marketplaces so now is the best time for you to make a decision and connect … The "Asia-Pacific Cross-Border B2C E-Commerce 2020" report has been added to ResearchAndMarkets.com's offering. With a focus on the impact of China’s cross-border e-commerce on global trade, the forum discussed topics such as the construction of cross-border e-commerce pilot zones, cross-border financial services, and overseas warehouse marketing strategies, … ), Social e-commerce (e.g., WeChat, TikTok, QQ, etc. The monthly service fee covers all the services under the service framework as mentioned above. However, this growth is somewhat lower than the 14.2% increase of the European e-commerce in 2019. Report. Report. Urumqi customs in northwest China's Xinjiang Uygur Autonomous Region cleared nearly 25.2 million cross-border e-commerce lists worth 106 … Additional qualifications include established international offices and the capacity for overseas business development, as well as owning cross-border warehousing. By Li Ruikang Share . 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 As of November 23, the center has handled over 6 million batches of imports and exports, up 285% year-on-year. The Lan Wan Campaign was launched on the 6 th March 2020, during the peak of the COVID-19 outbreak in China, to fight against IPR infringement at cross border e-commerce transportation channels. Most recently, China’s State Council approved the establishment of 24 new cross-border e-commerce zones to help promote the industry and provide it with the support it needs to thrive in the competitive digital-first era, especially in the form of exemptions in value-added tax and consumption tax for retail and exported goods. Swiss Business Hub USA Unsurprisingly, since 2014, cross-border e-commerce in China has exploded and entered a rapid growth phase. 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. There will be no cross-management or overlapping functions in this matter to avoid confusion and problems. the fee charged by TMall Global is dependent upon the merchant’s registered primary category, see. Kaola Global is a members-only cross-border e-commerce platform under Alibaba Group. Feature: E-commerce platform from China unleashing Rwanda's potential for cross-border shopping Source: Xinhua | ... at a physical store of the cross-border online shopping platform KiKUU in Kigali, capital city of Rwanda, Nov. 21, 2020. Import through B2C: a formal export model in which the packag… CBEC platforms will not assign or choose a TP for the e-store owner but only provide recommendations and guidance. As China has been putting much effort into upgrading its manufacturing infrastructure, it is seeking opportunities to export products with higher value and margin. This ultimately means an increase of 12.7% compared to last year. Copied. Article. Border areas in China's Guangxi accelerate connectivity between China and ASEAN. Report. In May 2020, The State Council approved the establishment of integrated pilot zones for cross-border e-commerce in 46 cities and areas. Report. Related. An effective way to identify a trustworthy TP is through recommendations from leading CBEC platforms that have their own TP management team who are responsible for TP resource maintenance, TP service framework building, TP performance evaluation and ranking, TP recommendation and TP communication assistance. ããThe recent "Black Friday" shopping festival, combined with overseas year-end festivities, has kept the orders of Chinese foreign trade enterprises rising. However, China’s cross-border e-commerce continues to maintain the growth. ããGovernment departments should continue to strengthen the top-level design, increase institutional innovation, introduce policies and measures to improve the level of facilitation, speed up the replication and popularization of successful experiences and practices nationwide, support the construction of new foreign trade infrastructure such as overseas warehouses, and explore international rules for cross-border e-commerce. The service is accessible through mini-programs on the company’s news aggregation app, Toutiao, as well as Douyin. China’s cross-border e-commerce, or Haitao, grows on search for exclusivity and thrift By Vogue Business Team 26 October 2020 Haitao, as cross-border e-commerce is known in China, is a $1.8 trillion business involving 211 million shoppers in the country. China is taking the lead in the cross-border e-commerce segment, and its cross-border e-commerce business model and regulatory measures might be extended and duplicated to more countries within the RCEP region," said Zhang. FedEx website). China’s e-commerce has a unique landscape and ecosystem. 10. MAU number of major cross-border e-commerce platforms in China 2020, by platform Distribution of Kaola.com users in China 2020, by gender Distribution of Kaola.com users in China 2020, by age group 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. 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. But in 2020, a new coronavirus is suddenly sweeping the world with far-reaching consequences for both the economy and society. O2O marketing and branding activities can work with multiple partners. Chart. By CGTN; Nov. 25, 2020; Share . 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 … Annual platform usage fee (fixed price, non-returnable), E.g. 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. 08.10.2020 How to Work with a Trade Partner on a Cross-Border E-Commerce Platform in China 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. ããAccording to the statistics of Qichacha, a search engine in delivering business data, credit information, and analytics, there are 21,600 cross-border e-commerce related enterprises in China. China Cross-Border eCommerce – 2020 Trends. To export your products in China, you’ll get 3 different choices. ããChinaâs cross-border e-commerce comprehensive pilot zones should give full play to their pilot roles, increase the innovation of business-oriented sectors, accelerate brand cultivation, promote industrial transformation and upgrading, and actively carry out international cooperation, striving to put forward new ideas, develop new experiences and scale new heights. Article. And it has benefited cross-border e-commerce platforms. Copyright Â© Beijing International Trade in Services Center. The cross-border e-commerce landscape will become more consolidated. CBNData and Tmall Global forecast the number of Chinese consumers who buy foreign goods online is estimated to exceed 200 million by 2020. Report. There is a need when a foreign brand has: Both TMall Global and JD Worldwide certify TPs if they meet certain conditions. Consumers in Latin America is as old as mankind, but this year, many regions in.! 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