Besides, the Chinese simply love social media, and in fact, often trust their peers and influencers more than official brands and regular advertisements. So, without further ado, here are the main players. However, this is doable. Since then, it has quickly widened the margin. With 48%, 25-34-year-olds are the largest user segment. Profit from additional features by authenticating your Admin account. Brand awareness is essential for success in the Chinese market. As a Premium user you get access to background information and details about the release of this statistic. to stand out from the crowd. Research Corridor new comprehensive study on cross border e-commerce market offers in-depth analysis on industry trends, market size, competitive analysis and market … The list is led by Tmall Global and Kaola. December 6, 2018. You need at least a Single Account to use this feature. But we don’t want to keep the full list from you. Please authenticate by going to "My account" → "Administration". As soon as this statistic is updated, you will immediately be notified via e-mail. JD.com first specialized in electronics and today offers a wide variety of products on JD B2B (China – China) and JD Worldwide B2B (Worldwide – China). As in the past, there were incidents where Chinese sellers sold counterfeit and even harmful products, foreign brands also stand for original and harmless quality. Then you can access your favorite statistics via the star in the header. Looking at setting up your own stand-alone marketplace with a shop function may give you the most flexibility and independence. facts. 3. we are excited to hear about your project! And as WeChat is becoming the do-it-all super platform, more and more businesses create WeChat stores. Besides, you need to manage the logistics and payment gateway by yourself. Credit iResearch, Daxue consulting; 2017 Cross-Border E-Commerce Market Share The landscape is becoming more fragmented rather than just a two-horse race between Alibaba & Tencent in the Cross-Border sector. 26 The most popular international e-commerce … The global Cross-Border E-commerce Platform market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of xx%% in the forecast period of 2020 to … There are two channels through which businesses can sell their CBEC products as B2C. But they are expensive (deposit, commissions, management fees, etc.) Benefit from our integrated social media approach to increase your brand awareness, boost leads and sales. In China, CBEC holds a specific distinction where international companies can sell their products to Chinese customers at preferential duty rates and without a license to operate a business in the country. 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. With Tenba Group’s FREE consultation you can get to know us better and Short-video apps will continue to embrace e-commerce. In the past, China was a key player for sourcing goods and exporting them to the world. The global cross border e-commerce market size is expected to register a significant CAGR during the forecast period 2020 to 2027. Collective buying enjoys great popularity in China. It mesmerizes users with live streaming, sponsored posts, and viral content. Businesses in China and worldwide are waiting in line to get a piece of this cake. Cross-border e-commerce (CBEC) – activities of purchasing or selling products via online shopping across national borders – is gaining momentum in China. Alibaba’s Tmall is an impressive leader of successful online businesses: it is the 3rd most visited website worldwide! Here are eight steps you can take today! Connect your own mobile platform to the menu of an official WeChat account. [Source: a screenshot of JD.com, “cross-border e-commerce website: JD”] 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. In the next four years Chinese … Update, Insights into the world's most important technology markets, Advertising & Media Outlook Pinduoduo is a popular channel for group-buying deals and a 2018 stock-hit, in which Tencent (WeChat, QQ) invested. Do you want to boost your business with marketing in China? Users who buy online currently account for around 42% of … Stay up-to-date on unlocking the potential of the skyrocketing Chinese market by reading our blog. And most importantly, you can sell anything you want from the CBEC list, without a platform regulating this for you. A WeChat Store – either connected to your webshop or using a native WeChat shop – is your own free mobile platform, that connects to the menu of an official WeChat account. Sellers have to consider this when determining the final retail price, together with the marketing fee, management cost, and own profit margin. However, there are some obstacles to overcome and opportunities when importing goods to China – from direct shipping to customs clearance in China and from the 2019 CBEC regulation to tax reductions. But this is really an advantage: you can steer the costs, have more flexibility, and most importantly, you avoid the high 3rd party platform costs (deposit, commissions, etc.). Are you curious about how to leverage this seemingly endless potential of the Chinese cross border business? Mobile E-commerce Is Still on the Rise. Aliexpress is Alibaba’s non-CBEC and B2C platform, offering products from China to the whole world. 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. It is ideal for businesses, which are new to the Chinese market to test their products and modify them to the taste of the Middle Kingdom. This is one of Tenba Group’s specialties – converting from a WooCommerce shop to a mini-program. The import and export trade is as old as mankind, but this year, the numbers are skyrocketing! Please contact us to get started with full access to dossiers, forecasts, studies and international data. As China goes, so goes the global ecommerce market. On the other hand, the marketing that you have to do on your own can be time- and cost-intense. If you create and use your own platform to market your products in China, you will have full control and can create hybrid solutions. Directly accessible data for 170 industries from 50 countries The new law compels daigou merchants to obtain licenses and formally register as businesses. Alibaba is one of the top wholesale websites in the world. Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: Industry-specific and extensively researched technical data (partially from exclusive partnerships). 2. This created the nickname “world’s factory”. Kaola is under NetEase company.Originally specialized in email and gaming, NetEase took into account the important growth of e-commerce in China … Learn more about how Statista can support your business. This year, China’s Singles’ day set a new record with US$30.8 and 27% growth when compared to last year. For example, via dropshipping, Amazon FBA and so on. With the emergence of Chinese social media platforms, a perfect social e commerce system was created. 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. 12-03-2020 05:10 PM CET | IT, New … Therefore, marketplaces have emerged as fulfillers and marketing boosters. Cross-bor… Top cross-border import e-commerce platforms in China in Q1 2018 May 31, 2018 By CIW Team The retail sales of China’s cross-border import e-commerce down by 21.9% to 82.1 billion yuan (US$12.86 billion) from Q4 2017. Tmall Global remains in the top spot with a market share … What about WeChat, the Chinese app for everything? 100ec.cn. The social media native Millennials and GenZ shoppers show loyalty to brands that help to reinforce the personal image they wish to project. To fuel this engine of China’s … Facebook: number of monthly active users worldwide 2008-2020, Smartphone market share worldwide by vendor 2009-2020, Number of apps available in leading app stores 2020, Profit from additional features with an Employee Account. Then you will be able to mark statistics as favourites and use personal statistics alerts. Therefore, non-exclusive brands are advised to set aside a budget for marketing and brand building. Congratulations! Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Technology Market Outlook 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. You need a Single Account for unlimited access. There are several cross border e commerce platforms in China. 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. Besides, cross-border online shoppers … Tenba Group is your trusted digital marketing agency in Cyprus, offering marketing advice for China and everything around digitalization in this booming market. The China cross border e-commerce market is expected to grow significantly. By opening WeChat e commerce stores, leveraging interactive mini-programs, and driving leads from popular social media platforms, brands can focus on creating demand for their products through smart brand-building strategies. This illustrates that Internet and Mobile technology has become an indispensable facet of Chinese people’s everyday life, pr… GLOBAL ECOMMERCE MARKET RANKING 2019 - 4 SPOTLIGHT ON: USA The United States is the number one eCommerce market in the world for 2018. It focuses on selling high-quality “western” products to middle-class Chinese consumers. Market share of export cross-border e-commerce players in China from 2011 to 2019 [Graph]. JD Worldwide, part of JD.com. The Global Cross-border Ecommerce Market report provides a holistic evaluation of the market. On its own, China represents 54.7% of the global ecommerce market, a share nearly twice that of the next five countries combined. Amazon.com is currently in the process of opening a pop-up store on Pinduoduo. They also said that they plan an annual growth of 30 percent in the next few years with more than 58 million consumers buying via cross-border e-commerce. Since JD’s major stakeholder is Tencent (WeChat, QQ), the JD products are displayed on WeChat when searching for products. But today, a new trend is on the horizon. Of course, this super-platform deserves special mentioning! Cross border platforms allow you to sell your products in China without having to obtain a Chinese business license. There, you can custom-design your content, layout, and prices. Market share of China's import cross-border e-commerce players 2011-2019 Preferred e-commerce type among different age groups in China Q2 2017 Share of the import e-commerce retail in China's e … Daigous also count as businesses with their individual enterprises. Back in 2014, China exported goods with a total value of more than 2.3 trillion USD. There are several cross border e commerce platforms in China. Now, you may think we have forgotten a key player. The most sought-after foreign products are: With the most internet users in the world, Chinese consumers naturally shop online for these products. The cities included in the CBEC tax-rebate were expanded from 15 to 37 cities, including Beijing and Shanghai. The store visitors can do the quick and easy checkout via the “one-click-payment” function of WeChat Payment, as long as the shop owner implemented the WeChat gateway. Statista. You can only download this statistic as a Premium user. 63 new items categories were added to the positive list for CBEC purchases, including sparkling wine, beer, health care products, and fitness equipment. Compared to Tmall, JD Worldwide is cheaper. In 2016, more than 15% of the population will make purchases from abroad worth $85.76 billion, according to eMarketer’s first-ever estimates of the consumer trend. In terms of logistics, Daigous and CBEC companies now import goods into a free trade zone (mostly Shanghai). We can differentiate between: With its creation, the cross border trade aims at getting a better handle on the trade by unlicensed Daigous. Out of these imports, China’s retail imports of cross-border e commerce Chinese CBEC reaches around 88.6 billion USD in 2019 – an impressive 21% increase compared to the previous year. Most cross border trades are performed by companies from other Asian countries led by Japan and Korea, followed closely by the United States. 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