The Chinese ministry of commerce announced that cross-border e-commerce reached 6.5 trillion yuan in 2016. With 48%, 25-34-year-olds are the largest user segment. Ensure that your products and services are on the, Whichever platform you use, provide your products and services in the. 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. 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. This created the nickname “world’s factory”. In China, as the top two B2C retailers, Tmall and JD have combined a market share of over 85% in China’s e-commerce market. It mesmerizes users with live streaming, sponsored posts, and viral content. It also lowers thecost of doing business in China. For example, via dropshipping, Amazon FBA and so on. 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. (June 3, 2020). According to research intelligence firm Analysys International, it has a 6% share of the $56 billion cross-border ecommerce market—a pittance … and highly competitive (often large brands with high a marketing budget). To fuel this engine of China’s … And most importantly, you can sell anything you want from the CBEC list, without a platform regulating this for you. The product is shipped to the customer in China either directly via direct-shipping or through a warehouse in a free-trade zone. Besides, cross-border online shoppers are highly educated with a high income. 63 new items categories were added to the positive list for CBEC purchases, including sparkling wine, beer, health care products, and fitness equipment. In 2017, the total value of cross-border e- commerce transactions in China … Besides, you need to manage the logistics and payment gateway by yourself. 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. Accessed December 08, 2020. https://www.statista.com/statistics/722956/china-export-cross-border-e-commerce-players-trading-volume-market-share/, 100ec.cn. 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. As soon as this statistic is updated, you will immediately be notified via e-mail. Besides, WeChat advertising and its environment offer an abundance of options to boost your brand and products. Besides, the Chinese simply love social media, and in fact, often trust their peers and influencers more than official brands and regular advertisements. This is when an external webshop is converted as a mini-program. However, this is doable. Now, in 2020, the exports are more than 221 billion USD whereas the imports to China exceed 183 billion USD. Since January 2019, The Chinese Ministry of Finance introduced new regulations for cross-border purchases. Please contact us to get started with full access to dossiers, forecasts, studies and international data. Now, you may think we have forgotten a key player. 26 The most popular international e-commerce … VIP.com is specialized in online discount sales. Cross-bor… Of course, this super-platform deserves special mentioning! The Global Cross-border Ecommerce Market report provides a holistic evaluation of the market. It focuses on selling high-quality “western” products to middle-class Chinese consumers. The list is led by Tmall Global and Kaola. The China cross border e-commerce market is expected to grow significantly. Your own WeChat store is also ideal to test new products due to the slim cost structure. 100ec.cn. [Source: a screenshot of JD.com, “cross-border e-commerce website: JD”] Chinese Cross-Border E-commerce Overview. During the 10th China Cross-border e commerce Conference & Exhibition and the 5th Global E-Retailing China Summit in November 2019, more than 500 delegates from over 20 countries discussed growth strategies, further market entries, the opportunities of AI, and more. unlicensed Daigous), The single-transaction amount increased from 2,000 RMB (291 USD) to 5,000 RMB (727 USD), The annual amount of cross-border purchases increased from 20,000 RMB (2,909 USD) to 26,000 RMB (3,782 USD) per individual. Daigous also count as businesses with their individual enterprises. But we don’t want to keep the full list from you. Short-video apps will continue to embrace e-commerce. This is one of Tenba Group’s specialties – converting from a WooCommerce shop to a mini-program. 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. China’s Internet population has passed a prominent milestone.According to China Internet Watch, as of December 2018, the total number of internet users in China has reached 829 million, which occupies 59.6% of the total population. This mini-program is then linked, and no longer an external shop. The social media native Millennials and GenZ shoppers show loyalty to brands that help to reinforce the personal image they wish to project. And the best of all, our affordable prices won’t break your bank! Amazon’s business in China is relatively small. On the other hand, the marketing that you have to do on your own can be time- and cost-intense. Although it is not yet well-known outside of China, it is one of the world’s fastest-growing retailers. The most relevant ones are: Now, there are several platforms and millions of individuals, often one-man businesses, the so-called Daigou, who sell an abundance of imported retail brands in China. With Tenba Group’s FREE consultation you can get to know us better and 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. In the menu of the WeChat account, you can link to your shops, through. to stand out from the crowd. Kaola was originally founded by NetEase and purchased by Alibaba for 2 billion USD in 2019. 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. Pinduoduo is a popular channel for group-buying deals and a 2018 stock-hit, in which Tencent (WeChat, QQ) invested. In this week’s blog article by Tenba Group, we will explain everything you need to know about CBEC in China, the main platforms, how they work, and the benefits for your business. Payment on all of Alibaba’s platforms is Alipay. The most sought-after foreign products are: With the most internet users in the world, Chinese consumers naturally shop online for these products. According to market share, Kaola is the largest player in China’s cross-border e-commerce market (21,4% of the total market share). To say that the China Cross Border E Commerce (CBEC) is booming is an understatement. 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.). facts. New, Figures and insights about the advertising and media world, Industry Outlook Tmall Global remains in the top spot with a market share … Copyright © 2020 Tenba Group | Privacy Policy | Legal Notice | FAQ, The 2020 Mautic Marketing Automation Review, 9 Baidu Optimization Tips with Baidu Tongji. December 6, 2018. Here are eight steps you can take today! 3. Businesses in China and worldwide are waiting in line to get a piece of this cake. From January 1, 2019, daigou merchants are obligated to register and pay taxes. From there, these are shipped to mainland China. Please create an employee account to be able to mark statistics as favorites. Since JD’s major stakeholder is Tencent (WeChat, QQ), the JD products are displayed on WeChat when searching for products. 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. Compared to Tmall, JD Worldwide is cheaper. So, without further ado, here are the main players. Alibaba is one of the top wholesale websites in the world. GLOBAL ECOMMERCE MARKET RANKING 2019 - 4 SPOTLIGHT ON: USA The United States is the number one eCommerce market in the world for 2018. In terms of logistics, Daigous and CBEC companies now import goods into a free trade zone (mostly Shanghai). To summarize, existing marketplace platforms as well as starting your own platform both have advantages and disadvantages. Tmall Global, part of Tmall platform and owned by Alibaba Group, is leading the import cross-border e-commerce platform in China. Number of online shoppers in China 2009-2020, Import cross-border B2C e-commerce platforms' market share in China Q3 2020, Transaction volume of China's cross-border e-commerce players 2011-2019. Tenba Group is your trusted digital marketing agency in Cyprus, offering marketing advice for China and everything around digitalization in this booming market. Cross border platforms allow you to sell your products in China without having to obtain a Chinese business license. Platforms such as Suning, Kaola, Vipshop, Gome, Yihaodian, Dangdang, JMei, and others make up the remaining market share. 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 … No matter which third-party e commerce site you choose for your brand, laying the foundations for product demand through forum seeding and other brand awareness tactics is key for generating early wins. Aliexpress is Alibaba’s non-CBEC and B2C platform, offering products from China to the whole world. June 3, 2020. Therefore, non-exclusive brands are advised to set aside a budget for marketing and brand building. Whereas there are several trading opportunities within China, Tmall refers to the CBEC trade from the world to China. The downside is that the platform fees are relatively high and there is a lot of competition. The cities included in the CBEC tax-rebate were expanded from 15 to 37 cities, including Beijing and Shanghai. With this, it is only a matter of time until collective buying arrives in Europe and America. Please authenticate by going to "My account" → "Administration". There are several cross border e commerce platforms in China. Register in seconds and access exclusive features. Profit from additional features by authenticating your Admin account. The eCommerce space in China is dominated by domestic platforms, namely Alibaba’s Taobao and Tmall (55% market share) and JD.com (25% market share). 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. But not only that. Therefore, marketplaces have emerged as fulfillers and marketing boosters. 12-03-2020 05:10 PM CET | IT, New … 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. Take advantage of the WeChat universe, its shop, social media, and marketing functions. 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. The list is led by Tmall Global and Kaola. Besides, you have to take marketing into your own hands (social media, SEO, PR) to get traffic and sales in your shop. A paid subscription is required for full access. As China goes, so goes the global ecommerce market. China is the world’s largest eCommerce market with over 50% of global eCommerce transactions coming from China. Cross-border E-commerce Market Size And Forecast` Cross-border E-commerce Market was valued at USD XX Million in 2019 and is projected to reach USD XX Million by 2027, growing at a CAGR of XX % from 2020 to 2027.. Another non-CBEC platform by Alibaba is TaoBao. JD Worldwide, part of JD.com. Available to download in PNG, PDF, XLS format, Access to this and all other statistics on 80,000 topics from. The scale of cross -border e- commerce has grown rapidly in recent years, following improvements in Internet infrastructure and the establishment of global logistics networks. Let’s look at the most popular product categories first. 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. This illustrates that Internet and Mobile technology has become an indispensable facet of Chinese people’s everyday life, pr… There, you can custom-design your content, layout, and prices. 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. Cross-border E-commerce Market 2020- Current Scenario, Market Share, Future Opportunities, Keyplayers - AliExpress, EBay, Amazon, Taobao etc. It’s hard to fathom, but China only recently surpassed the US in ecommerce sales in 2013 for the first time. Let’s get started! But they are expensive (deposit, commissions, management fees, etc.) But the benefits are worth it. Since August 2019, Tmall Global offers TOF (Tmall Overseas Fulfillment) – a consignment solution that allows brands to sell a small number of products on the Tmall Global platform. As a Premium user you get access to background information and details about the release of this statistic. And as WeChat is becoming the do-it-all super platform, more and more businesses create WeChat stores. Chinese CBEC reaches around 88.6 billion USD, Amazon.com is currently in the process of opening a pop-up store on Pinduoduo, B2C: Trade between a business (retailer or brand) and a consumer, B2B: Trade between two businesses, often brands or wholesalers, C2C: Trade between two individuals (non-formal business, e.g. 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. The global cross border e-commerce market size is expected to register a significant CAGR during the forecast period 2020 to 2027. Market share of export cross-border e-commerce players in China from 2011 to 2019 [Graph]. Looking at setting up your own stand-alone marketplace with a shop function may give you the most flexibility and independence. And this is not the end. Comparatively, the United States has around 300 million internet users. Kaola is under NetEase company.Originally specialized in email and gaming, NetEase took into account the important growth of e-commerce in China … Brand awareness is essential for success in the Chinese market. Contact us, if you want to know more about China cross border e commerce (CBEC). Collective buying enjoys great popularity in China. 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. Users who buy online currently account for around 42% of … The main difference between Tmall and Tmall Global is that Tmall only accepts businesses that have an offline presence in China. As a Premium user you get access to the detailed source references and background information about this statistic. The new-rich millennials in China are practically chasing exclusive luxury goods. Learn more about how Statista can support your business. High-quality usually refers to imported goods, which add the luxury touch to an item. The import and export trade is as old as mankind, but this year, the numbers are skyrocketing! 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. The “Little Red Book” has over 85 million monthly active users, who post and share product reviews, travel blogs, and lifestyle stories via short videos and photos. Short-video apps have been making forays … 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). Cross-border ecommerce is growing in popularity in China. 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. If you want to save time, money and energy, consider hiring a Chinese digital marketing agency. The VAT, customs fees, and delivery fees to the customer are then passed on to the customer. This feature is limited to our corporate solutions. This year, China’s Singles’ day set a new record with US$30.8 and 27% growth when compared to last year. 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. We’ll share our industry insights and develop together Chinese marketing and ecommerce strategies for your business. 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 "Market share of export cross-border e-commerce players in China from 2011 to 2019." Then you can access your favorite statistics via the star in the header. Figures from 2011 to 2013 were taken from the previous report. This player also massively invests in high tech to realize drone delivery and delivery by autonomous trucks. You will find yourself with little initial investment, low platform cost with no deposit and commission. Do you want to boost your business with marketing in China? Connect your own mobile platform to the menu of an official WeChat account. 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. Congratulations! Xiaohongshu, a social e-commerce platform where China internet users share … They can be purchased via WeChat Pay. and over 1 Mio. This is largely due to the ease of doing business in America – there is great logistics infrastructure and high demand for cross-border retailers with eCommerce market … There are several cross border e commerce platforms in China. Since 2019, these sellers need an official business license to sell their products. It offers B2B transactions from China to the whole world. Statista. China’s e-commerce market is the largest in the world and already represents more than 40% of the total global e-commerce spending. In the past, China was a key player for sourcing goods and exporting them to the world. You can only download this statistic as a Premium user. 2. Benefit from our integrated social media approach to increase your brand awareness, boost leads and sales. Interestingly, 98.6% (816.98 million) used mobile devices to access the internet. ", 100ec.cn, Market share of export cross-border e-commerce players in China from 2011 to 2019 Statista, https://www.statista.com/statistics/722956/china-export-cross-border-e-commerce-players-trading-volume-market-share/ (last visited December 08, 2020), Market share of export cross-border e-commerce players in China from 2011 to 2019, Penetration rate of cross-border e-commerce in China 2014-2019, China's cross-border e-commerce GMV growth 2014-2019, Total amount of cross-border e-commerce retail in China 2015-2019, Number of cross-border e-commerce companies in China 2019, by type, Trade volume of China's import cross-border e-commerce players 2012-2019, Cross-border import e-commerce trade growth in China 2013-2019, User number of cross-border import e-commerce trade in China 2013-2019, Cross-border e-commerce retail imports market size in China 2016-2022, Market share of China's export cross-border e-commerce players 2011-2019, Trade volume of China's export cross-border e-commerce players 2011-2019, Retail export value of cross-border e-commerce players in China 2017-2019, Cross-border export e-commerce trade growth in China 2014-2019, Number of cross-border online shoppers in China 2016-2020, 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, Trust level in cross-border e-commerce platforms in China 2019, Reasons why Chinese consumers want to try cross-border e-commerce retail outlets 2019, 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-commerce 2012-2018, First cross-border shopping method choice in China Q3 2018, Often used cross-border shopping methods in China Q3 2018, Growth rate of cross-border online shoppers in China 2014-2017, Distribution of cross-border online shoppers in China 2016, by region, Distribution of online shoppers Singapore 2017 by age group, Distribution of online shoppers Malaysia 2016 by age group, Distribution of online shoppers China as of December 2014, by gender and experience, Distribution of online shoppers in China 2014, by age group and experience, Distribution of online shoppers in China 2014, by monthly income and experience, Willingness to pay for fast delivery among online shoppers in Spain May 2015, Mobile payment strategy: success factors in 2011, Reasons for abandoning online shopping carts in France in 2015, Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre. 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