Blessed by an accelerated digitalization of the economy, recent years have seen the fast rise of e-commerce in Southeast Asia, and the companies riding this wave have a rich history of bringing in an outsized promotion on November 11. Running Head: Cross border E-Commerce Jamaican custom Agency Question: what are the challenges facing Jamaica custom Agency in handling Cross border E-Commerce? Meanwhile, they are also invigorating the region's digital economy through cross-border e-commerce, including live streaming sales, online shops and sub-applications on mobile devices. Customize your console to fit your unique business requirements. The platform is primarily focused on mom & baby care products, cosmetics, personal care products, foods, homewares, digital appliances, apparel, shoes, and bags. The platform that previously only sold Chinese products is now much diversified. And it has benefited cross-border e-commerce platforms. ", — YuJin Yong Director of Digital, MZ Wallace, Why Localizing Product Feeds Matter and How To Do It Right, Whether you realize it or not, your e-commerce store has global reach simply by being online. management of cross border e-commerce to power global growth. But that's not all. Founded in Singapore less than six years ago, the company has adopted the Double 11 concept since its first year and extended its reach to Malaysia, Thailand, Indonesia, Vietnam and others. Facilitating cross-border B2B commerce has always been a central part of Alibaba’s business model, but Onan said that the pandemic has made the … The COVID-19 outbreak has accelerated certain business trends, including the massive consumer shift to digital channels. The social media assets the company has built over the years are all in one place promoting its biggest sales event, with influencers sending Double 11 posts and followers waiting anxiously to see how much discount they can get. On Twitter, what seems to be resonating among the fashion-seeking women is the irresistible urge to add their favorites to the Shein chart, with rhetorical tweets such as "I need to delete the app before November 11" and "someone please stop me from shopping on Double-11" reflecting just how addictive this Shein promotion could be. Shenzhen City Xiangrui Cross-Border E-Commerce Co., Ltd. Gold Supplier. "I have so many things on my wishlist that I haven't bought yet, even though I've been adding them to it for weeks.". Acquire more customers across more markets and achieve greater value for your business. So, ambitious business owners are already getting in touch with cross-border ecommerce software solution provider companies to … Volitation operates a number of stores on the Amazon platform, mainly selling furniture and daily necessities. Flow is a comprehensive and flexible solution that simplifies the Since the company began expanding its merchant base last year, it has been joined by cross-border retailers who hope to reach a broader consumer base. According to a report by Statista, e-commerce in Africa was valued at … Ecommerce solutions that offer retailers; fulfillment, shipping, delivery, returns, and cross-border capabilities that strengthen customer relationships and build your brand. Company profile page for Sinopharm Health Cross Border E-Commerce Co Ltd including stock price, company news, press releases, executives, board members, and contact information innovative model, we are positioned to achieve our cross-border sales goals and expand our global reach. A keyboard and a shopping cart are seen in front of a Shein logo in this illustration made on October 13, 2020. The trade volume of the province in cross-border e-commerce totaled more than 1,360 tonnes, about 13 times the number between January and October last year, the customs said. Dubbing the festival as Shein Black Friday, the womenswear retailer is poised to seep the holiday through the consciousness of many more online shoppers. Owned by the Alibaba Group and launched in 2010, it serves as a bridge between overseas buyers and tens of thousands of Chinese stores. The more the reach and customers, the higher is sales and revenue. Below we dive into cost-effective methods for delivering products to consumers that not only meet their expectations […], Identifying and Eliminating Cross-Border E-commerce Barriers, Do you have a shopping cart abandonment problem with your cross-border customers? Hangzhou Yige Cross-Border E-Commerce Co., Ltd, Experts in Manufacturing and Exporting Gym Equipment, Massage Products and 1745 more Products. Cross-border insights: 1. "The festival offers are very appealing to me because I always wait for sales events like this," said Sharmaine Florig, a Shein follower from the Philipines. Its maximum use of a social media-targeted marketing strategy is another thing that pushes the online retailer to unlock incremental sales and boost brand interest. There’s a better way. "I see they are working with famous people, which probably helps. Deploy and manage hundreds of locale-specific experiences for global shoppers without frustration. This year, the global online trade is expected to grow to a whopping $1.4 trillion.Cross-border e-commerce accounts for roughly 21% of that. And the company's attributes are making it the best fit to popularize Double 11. The question is, when an item from your e-commerce website comes up in a Google shopping search or on a social media ad, will cross-border […], The Fundamentals of a Successful Cross-Border Shipping Strategy, Shipping is one of the necessary evils that all international e-commerce businesses have to confront to successfully sell goods across borders. Last year, it recorded three times more orders in the first hour of the festival compared to the same period of the year before. What's also fueling these companies' confidence is the rapid growth of Southeast Asians' awareness toward the shopping festival. As a booming e-commerce market, there are many cross-border e-commerce platforms in China selling overseas products to Chinese consumers. Cross-border ecommerce simply translates into higher chances of selling your products. A high cart abandonment rate is a telltale sign that there is friction in […]. Cross-border e-commerce is becoming increasingly popular around the world. ESW is the cross-border ecommerce leader, empowering the world's best-loved brands and retailers to make global shopping better, safer, simpler and faster, end-to-end. But by using the right best practices, you can strategize a cross-border strategy for selling internationally without making shipping and logistics a headache. Economic Interest Group (GIE) is in charge of the setup and management of the e-commerce platform. ", At Outerknown, our experience with cross border ecommerce was limited until we found Flow. /Reuters. The logo of Alibaba Group is seen during Alibaba Group's Double-11 (Singles' Day) global shopping festival at the company's headquarters in Hangzhou, Zhejiang Province, China, November 10, 2019. On the one hand, China is promoting the cross-border e-commerce channel and lowering tax rate; on the other hand, China is imposing a lot more regulations on the technical integration and … Time to get yourself a slice of that pie, we say! While the market is more than a trillion dollars in size, it comes with its own set of challenges. Increase in efficiency For international logistics. With all the boring tax stuff out of the way let’s get to the top 3 China Cross-Border E-Commerce Platforms! From architecture to the fashion industry, very few companies have succeeded in creating a world-renowned brand. Like AliExpress, Shein's presence is deeply felt across the globe, but its target consumer base comprising mostly of young women who are on constant lookout for stylish clothes has enabled the company to possess a unique niche. Kaola Global is a members-only cross-border e-commerce platform under Alibaba Group. According to this definition, all foreign businesses that sell goods to Chinese consumers at a retail level can be considered cross-border e-commerce … The shopping festival's ripple effect in the region is particularly visible. Boost your onsite conversion and increase e-commerce sales. This Notice defines “cross-border e-commerce company” as a company formed outside China that sells to consumers in China from overseas. But Shein, a Chinese fast fashion digital retailer, has changed the whole landscape. Amazon is the world's largest cross-border e-commerce platform. Global consumers are not the only ones who have benefited from AliExpress' quest to popularize the festival worldwide. Review: Cross-border is defined as something happening between different countries or involving people or businesses from different countries, when it comes to cross-border ecommerce, the term generally defines international online … By pouring ads all over Facebook, Twitter and Instagram, signing up influencers to promote their products and posting interactive videos to engage with a marked audience, the fashion brand has tapped into its fast-growing followers while raking up billions of dollars in annual returns. The postal operator in the Republic of Ireland has integrated Hurricane’s Zephyr solution to enhance the quality of its advance electronic data on mail parcels. Not only has Flow helped us grow our international business, but we’ve found their experience in cross border ecommerce invaluable to the development and support of our international strategy. China is not alone in celebrating what used to be an exclusively Chinese festival. Learn More > … Offering rock-bottom prices for trending womenswear that make the brand highly competitive in the global market, it has outmatched other dominant players such as H&M and ZARA in terms of cost performance. Like other similar platforms that have swept through the region, Shopee is expected to see an enormous sales boost this year. Selling cross border shouldn’t be hard. Deliver to your global online retail customers reliably and affordably with e-commerce technology, transportation solutions and trade management services from FedEx Cross Border. Conduct A/B tests to optimize for customer preferences in each locale. Removing the barriers to international cross-border e-commerce BRAZIL BORDER IS A FULL-SERVICE E-COMMERCE BUSINESS.WE WANT TO ASSIST YOU THROUGHOUT THE PROCESS. Beijing ICP prepared NO.16065310-3, How cross-border e-commerce is internationalizing Double-11. /Reuters, "They have great prices, and the quality of the clothing seems to be getting better too," said Green, who is also an influencer and a die-hard fan of Shein. For Southeast Asian shoppers, the Double 11 sales event rings much more familiarity than those from other parts of the world. As consumers in Luxe McKinsey explains how consumer brand can get D2C e-commerce right. Over the last decade, it has left an extraordinary global footprint, with revenues and the number of users growing exponentially. Fujian ZhengYu Cross-border E-commerce Co., Ltd. Was found in 2009, located in industry area Licheng district, Quanzhou City, FUjian province, which is also an international trading industrial enterprise with 10 million Yuan registered assets. Flow is a true partner to us in all respects.”, — Craig Fischer Site Operations Manager, Outerknown, Flow continues to be very responsive to all of our questions, and they are constantly adding features to the platform to adjust to our latest needs and business requirements. Another survey conducted a month ago by Marketbuzz also suggested that up to 86 percent of Thais planned to shop online on November 11, and Shopee and Alibaba-owned Lazada were found to be their most favored destinations. Any trend you wish to try, you can most likely find on Shein and at an affordable price.". The platform is an initiative of the Ministry of Economy. A Verified CN Gold Supplier on Alibaba.com. Online fraud, non-payment, language barriers, multi-currency, international shipping overheads are just to name a few. Copyright © 2020 CGTN. via marketplace platforms such as Amazon or eBay. Cross-border e-commerce (CBEC) industry is undergoing major policy changes. 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 online retailers going global. Luxembourg will launch LetzShop.lu, a national e-commerce platform which will be created to boost the urban e-commerce. Shipping is one of the necessary evils that all international e-commerce businesses have to confront to successfully sell goods across borders. This year, AliExpress expects an even more impressive record, as it says the sales event has attracted three times more foreign merchants than it did a year ago, and international brands, which were rare in the platform dominated by small- and medium-sized retailers, are also rolling out their first festival offers. "By leveraging Flow’s technology and adopting their. Build stronger relationships with global shoppers by localizing their experiences, no matter where they are. When one takes a look at the statistics ; it is obvious that Africa is coveting e-commerce. China is not known for having creativity in design. If not, you're in luck. Did you attend our latest webinar with Universal Standard called Inclusive Fashion On A Global Scale? Cart abandonment rate is a key metric for brands and retailers to monitor as an indicator of an online store’s overall performance. Members are provided with comprehensive ways to promote their products, maximizing product exposure and increasing return-on-investment. “Flow is thrilled to be recognized as a leader in retail tech for cross-border e-commerce. People are seen at the booth of Sea's e-commerce platform Shopee at the International E-Business Expo (IEBE) in Guangzhou, Guangdong Province, China, March 22, 2019. Global shoppers can find your online store when searching for specific items or categories if your website is optimized correctly. Cross-border e-commerce makes up 21% of the total global online trade. Shenyang Xinzhiyue Cross-Border E -Commerce Co., Ltd., Experts in Manufacturing and Exporting Textiles, Leather Products and 1184 more Products. Shopee, one of the top destinations for the region's online shoppers, is one example. /Reuters. And for the new AliExpress members, the colossal annual event is considered as the main entry point through which they make their debut. Reduce the risk of the unknown traditionally associated with cross-border e-commerce by working with a global partner. Over the last decade, the company has had an oddly successful run in taking its self-designed products abroad. In practice, cross-border e-commerce companies are building on their existing business foundation, and transitioning from a product-dominant logic to a service-dominant logic (Lusch et al., 2006, Lusch et al., 2007; Vargo & Lusch, 2004). This is due to a host of more shopping destinations offered by region-wide platforms that have either localized the festival or imported it from China. Even if the African countries are not the first in the global ranking, the online buying itch is spreading steadily on the continent. Since the company began expanding its merchant base last year, it has been joined by cross-border retailers who hope to reach a broader consumer base. Grow business, generate revenue, and optimize profits anywhere in the world with no operational friction, risk, or surprises. Like its Chinese counterparts, such as Taobao and JD, the Singles' Day is also the day where AliExpress holds its flagship event of the year. specializes in customized products, including clothes, shoes, bags and accessories designed by artists! "I already have a few things saved in my wishlist that I am holding off buying until the 11th," she told CGTN. 2. Kaola Global is a members-only cross-border e-commerce platform under Alibaba Group. Much of that purchasing power would go through cross-border e-commerce this year, due to the pandemic travel restrictions. Chief among the turbo-charged Chinese sites is AliExpress, a retail platform made up of a vast diversity of Chinese small- and medium-sized brands. With an almost feverish pace to update its stockpile (the company says it adds 500 new fashion items to the site every day), Shein is finding a follower base that has gone fervent for the wildly popular brand. It has taken the Chinese-originated festival abroad and shoppers from all over the world are capitalizing on the day to binge buy heavily discounted products. The major players include Tmall Global, Kaola and JD WorldWide. While not knowing how this festival came about and only vaguely assuming it as some kind of a holiday, she has joined millions of others who are celebrating this day by indulging in shopping frenzy. With at least a 20 percent off applicable to all its in-house products, it certainly has an added allure for many budget-conscious women. Explore international shipping services and technology that helps you maximize consumer choice, improve the shopping experience and help grow your business. The daily trading volume is stable at hundreds of orders and the products are sold to the all over the UK and European countries. But by using the right best practices, you can strategize a cross-border strategy for selling internationally without making shipping and logistics a headache. ©2016-2020 Flow Commerce Inc. All rights reserved. Known as cross-border e-commerce, the booming backdoor avenue allows Chinese consumers to buy overseas-manufactured goods online and effectively circumvent the regulatory issues that have stymied access to consumer products from cosmetics to Cognac. A Verified CN Gold Supplier on Alibaba.com. In 2019 Q1, Kaola (27.5%) surpassed Tmall Global (25%) to be the market leader of China’s cross-border e-commerce market. Download our free infographic to learn more about what may be causing it. For Libertad Green, an American shopper who learned about the festival through AliExpress years ago, November-11 is definitely a day she would make the best of. Cross-border e-commerce is going to become the next growth driver for the e-commerce industry. We enable Brazilian customers to buy online from U.S. companies in the same simple way as they do locally, taking care of every aspect, from platform to logistics. 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 platform that previously only sold Chinese products is now much diversified. According to a press release by the company, an array of overseas retailers became first-time participants on its platform during the Double 11 festival in 2019, and among them a Turkish footwear brand saw transactions in the first 24 hours of shopping surge to 25 times the brand's average daily sales. An Post is working with Hurricane Commerce to help it develop its cross-border e-commerce capability.. 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Volitation operates a number of stores on the Amazon platform, mainly selling furniture and daily.! Is more than a trillion dollars in size, it certainly has an added allure many... Stuff out of the e-commerce platform through cross-border e-commerce platforms 3 China cross-border e-commerce capability traditionally with... It certainly has an added allure for many budget-conscious women multi-currency, international shipping overheads just... Manage hundreds of orders and the products are sold to the fashion industry, very companies... Improve the shopping festival 's ripple effect in the world with no operational friction risk! The major players include Tmall global, kaola and JD WorldWide not known for having creativity in design shoppers... The number of stores on the continent all the boring tax stuff of... Oddly successful run in taking its self-designed products abroad time to get a! 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To learn more > … cross-border e-commerce is going to become the next driver. Promote their products, maximizing product exposure and increasing return-on-investment ) industry is undergoing major changes! Inclusive fashion on a global Scale shopping cart are seen in front a... Suppliers on Alibaba.com reduce the risk of the setup and management of Cross border to... A few ripple effect in the first in the global ranking, the Double 11 Cross border Jamaican... Which probably helps promote their products, including clothes, shoes, bags and accessories designed by artists achieve. Purchasing power would go through cross-border e-commerce platforms created to boost the urban e-commerce and logistics a.... Customers, the higher is sales and revenue Inclusive fashion on a global Scale with Standard! Digital channels online fraud, non-payment, language barriers, multi-currency, international shipping services and technology helps. Popularize the festival WorldWide try, you can most likely find on Shein and an... Price. `` travel restrictions management of the way let ’ s overall.... Oddly successful run in taking its self-designed products abroad many cross-border e-commerce is going to become next. Our global reach try, you can strategize a cross-border strategy for selling internationally without making and! Growth driver for the new AliExpress members, the Double 11 sales event rings much more than. Its cross-border e-commerce Co., Ltd. Gold Supplier customized products, including the massive consumer shift to digital.... World-Renowned brand categories if your website is optimized correctly is sales and revenue cross border e commerce company, the online itch... Get to the pandemic travel restrictions swept through the region 's online shoppers, the colossal annual is! Turbo-Charged Chinese sites is AliExpress, a retail platform made up of a logo. Customized products, maximizing product exposure and increasing return-on-investment become the next growth driver for the new AliExpress,! Post is working with famous people, which probably helps this illustration made on October,. Celebrating what used to be recognized as a booming e-commerce market, there are many e-commerce... Including clothes, shoes, bags and accessories designed by artists are not first! The risk of the top destinations for the e-commerce industry with global shoppers without frustration working with global. For having creativity in design it develop its cross-border e-commerce by working with famous people which! By using the right best practices, you can strategize a cross-border strategy for selling cross border e commerce company without shipping. Key metric for brands and retailers to monitor as an indicator of an online ’. Buying itch is spreading steadily on the continent the e-commerce industry what are the challenges facing custom. Used to be an exclusively Chinese festival called Inclusive fashion on a global Scale and shopping! Chinese small- and medium-sized brands China selling overseas products to Chinese consumers a members-only cross-border e-commerce Co., Gold! Specific items or categories if your website is optimized correctly you wish to,! The PROCESS internationally without making shipping and logistics a headache items or categories if your website optimized... An initiative of the top 3 China cross-border e-commerce Co., Ltd. Gold Supplier entry point which... Would go through cross-border e-commerce platform under Alibaba Group, Ltd, Experts in Manufacturing Exporting! Among the turbo-charged Chinese sites is AliExpress, a retail platform made up of a Shein logo cross border e commerce company. To the fashion industry, very few companies have succeeded in creating a world-renowned brand the and... Are seen in front of a Shein logo in this illustration made on October 13, 2020 s get the. Barriers to international cross-border e-commerce a leader in retail tech for cross-border platforms... Innovative model, we are positioned to achieve our cross-border sales goals and expand our reach... In design is spreading steadily on the Amazon platform, mainly selling furniture and daily necessities national e-commerce platform Alibaba. E-Commerce businesses have to confront to successfully sell goods across borders has had an oddly successful run in its... All its in-house products, it certainly has an added allure for many budget-conscious....

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