Early in July, China identified 22 cities as the cross-border e-commerce pilot zones. Setting up a WeChat store is easy and you can easily convert your Shopify or Magento store into a WeChat store, with the help of UI/UX and some coding. The ideal entry-level account for individual users. Thus, selling cross-border is a perfect opportunity for brands that want to enter the Chinese market quickly and perhaps try it out first. Kaola was launched by NetEase in 2015 with a purpose to increase imports from Australia, thereby its name. First of all, it has the freest economy in the world with no import duties or VAT. Statista. Even with the specter of protracted trade friction between the United States and China, cross border e-commerce offers U.S. brand holders a sensible work around to sell their products in … Below I have included commonly asked questions and my replies. Get the exclusive 7-page ebook (PDF) to learn you can export food and consumer goods to China and other Asian countries. Other unsaturated acyclic hydrocarbons Except the commodities included in . In short, you send the products in bulk shipments to Hong Kong where a 3PL company helps you with the inbound, storage, pick & pack, and shipping to end-customers in mainland China. The same as it goes with Tmall Global, you’ll find most products on display on JD Worldwide, even if the range of products is a bit smaller. China is the world’s largest eCommerce market with over 50% of global eCommerce transactions coming from China. New, Figures and insights about the advertising and media world, Industry Outlook We help companies start selling online in Mainland China and Southeast Asia. In, Forward Intelligence (Qianzhan). In 2015, cross-border e-commerce turnover surged to 5.4 trillion yuan, which is a year-on-year increase of 28.6%. Import. 29012990 . The clear benefits of using bonded warehouses are that it’s cheaper and delivery times shorter. 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. In the past five years, the proportion of cross-border e-commerce retail exports has increased from 2.2% to 7.7% and, in 2019, total transactions exceeded a staggering one trillion. Restricted in China. Interestingly, Tmall Global was established as an alternative for sellers of branded products on Taobao, China’s biggest local eCommerce website. Export cross-border e-commerce analysis. Utilising policies developed during the cross-border e-commerce B2B export supervision pilot programme implemented by China Customs, the FedEx Guangzhou and Xiamen Gateways will now offer efficient and convenient customs clearance services for cross-border e-commerce companies’ B2B export … You can only download this statistic as a Premium user. You only have access to basic statistics. As China tries to increase the imports of foreign goods, cross-border sales have exploded but still account for just 2.2% of the online retail market. As a Premium user you get access to background information and details about the release of this statistic. Are you interested in testing our corporate solutions? Compared to Tmall Global and JD Worldwide, it’s generally cheaper to start selling on WeChat and it can be suitable if you want to try out the Chinese eCommerce market. "Retail trade value of cross-border e-commerce export business in China from 2017 to 2019 (in billion yuan)." Save my name, email, and website in this browser for the next time I comment. August 14, 2020. In terms of cross-border e-commerce, from January to May 2020, China’s cross-border e-commerce retail imports and exports totaled 71.73 billion RMB, with a year-on-year increase of 22.4%, of which imports increased by 23% year-on-year, exports increased by 21.6% year-on-year. Kaola has the biggest cross-border market share in China, but also a somewhat different business model compared to Tmall Global and JD Worldwide. Besides, you have to register the products with local authorities and sometimes manage product testing before you can start importing the products. significant growth. Cross-Border E-Commerce Trade. Your email address will not be published. We get many questions related to shipping and fulfillment when selling in China. Then you will be able to mark statistics as favourites and use personal statistics alerts. This will inevitably change in the coming years as the Chinese appetite for high-quality foreign products grows and thanks to new regulations. Directly accessible data for 170 industries from 50 countries Announcement on Cross-border E-commerce Retail Import Commodity List. Note : 1 . Tariff Code . Tmall Global (Tmall.hk) was launched in 2014 and is owned by Alibaba, the parent company of Classic Tmall (Tmall.com). Bonded warehouses are physically located within China’s borders and allow companies to import, manufacture, process, or export products back overseas without the need of paying taxes or register with local authorities. Learn how to start selling cross-border to China and Southeast Asia during this free 60-minute training. Things didn’t turn out according to plans and cross-border sellers from all over the world use Kaola to reach the Chinese consumer market. Cross-border sales are defined as the direct import of goods from outside Mainland China, utilizing special channels, known as cross-border e-commerce platforms, and the preferential policies of special economic zones or bonded warehouses. Please do not hesitate to contact me. If you open a Hong Kong company, you can also receive payments in RMB and manage local operations through the entity. Even if Kaola offers the opportunity for companies to set up flagship stores, it’s not the main service of the company. Your email address will not be published. In 2018, China’s online retail transactions reached $1.33 trillion and are forecasted to reach $1.99 trillion by the end of 2019. We use cookies to ensure that we give you the best experience on our website. According to data, the scale of China’s export cross-border e-commerce transactions in 2019 exceeded 8 trillion RMB. You need a Single Account for unlimited access. When sales volumes start to pick up, you can move to a more sustainable and long-term model, such as using a bonded warehouse or a Hong Kong fulfillment center. The market increased from $1.0 billion in 2013 to $2.1 billion in 2017. On November 28, 2019, several Chinese authorities, including the Ministry of Commerce, the National Development and Reform Commission, the Ministry of Finance, the General Administration of Customs (GAC), the State Administration of Taxation and the State Administration for Market Supervision, jointly issued a Circular on Improving Supervision of Crossborder E-Commerce Retail … Competition is strong and so China Post has introduced measures to ensure that EMS continues to grow and meet e-commerce needs. Of the total transaction turnover, cross-border export e-commerce trade reached 4.49 trillion yuan, accounting for 83.2% of the total figure; while cross-border import New, Everything you need to know about the industry development, Find studies from all around the internet. WeChat has managed to create its own ecosystem and large companies do their utmost trying to promote their products through users feeds and with the help of Key Opinion Leaders (KOL). Published by Yihan Ma, Sep 17, 2020 In 2019, the total export value of the cross-border e-commerce players in China amounted to about 94.4 billion … Don’t hesitate to come by our office for a coffee if you visit Hong Kong, Best Regards, Fredrik Gronkvist, Co-Founder, I accept that this form collects my name, email and other information that may be necessary to reply to my inquiry (read our, Asia Market Entry Kit: Children’s Products, Asia Market Entry Kit: Textiles & Fashion, Asia Market Entry Kit: Beauty & Personal Care. 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