With that said, foreign sellers have faced problems with high entry barriers, lengthy product registrations, and setup fees. If you’re registered as a cross-border seller in China and sell via a bonded warehouse or the B2C (Business Commercial model), you’re exempt from paying import duties. 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 … As a result, it has introduced and updated several regulations for cross-border trade since 2019. It’s equivalent to WhatsApp, but over the years it’s evolved into something bigger. This will inevitably change in the coming years as the Chinese appetite for high-quality foreign products grows and thanks to new regulations. WeChat is the biggest chat application in China with more than 1 billion users. First, let’s have a look at what cross border E-Commerce means practically and in terms of shipping. 29012990 . The Chinese research firm iResearch forecasts that China’s e-commerce market will grow at a 27 percent rate over the next four years. 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. It primarily sources and imports products directly from sellers overseas. 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). E-commerce is playing an increasingly significant role in cross-border trade in goods and services. 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. Alibaba alone claims that they will import USD 200 billion worth of goods by 2023 and the market is valued to almost USD 2 trillion. Note : 1 . Announcement on Cross-border E-commerce Retail Import Commodity List. The clear benefits of using bonded warehouses are that it’s cheaper and delivery times shorter. and over 1 Mio. If you continue to use this site we will assume that you are happy with it. For more information about the different regulations, I also recommend you check this article written by R&P China Lawyers which goes into greater detail. 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. Feel free to book a consultation call or use the many free resources on this website. August 14, 2020. Definition of cross border E-Commerce. Apart In, Forward Intelligence (Qianzhan). 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. Please contact us to get started with full access to dossiers, forecasts, studies and international data. Tmall Global (Tmall.hk) was launched in 2014 and is owned by Alibaba, the parent company of Classic Tmall (Tmall.com). You need a Single Account for unlimited access. In short, cross-border channels were introduced to make the Chinese market access easier for foreign brands. The transactions of cross-border e-commerce in China reached US$1.22 trillion in 2017, with an increase of 20% from 2016 (US$1.01 trillion). The agent shall take responsibility jointly with the seller to comply with local regulations and provide the best quality and services possible, Packages are randomly checked by the customs, You don’t need to stock the products in China, No taxes if the value is less than RMB 50, No tariffs when shipping products for storage in Hong Kong, Easy and fast to register a Hong Kong company, A good way to test the Mainland China market for your products, Generally more expensive pick & pack fees and storage costs, Goods can be held up in customs (and are subject to changes), Chinese consumers are subject to an annual quota of duty-free cross-border retail imports, Pre-declared goods, quicker to clear customs, Lower risk of orders being held (assuming full compliance), Can use local China couriers to deliver (cheaper). Tmall Global (tmall.hk) is solely dedicated to cross-border sales which means that you ship the products directly to end customers from a China bonded warehouse or fulfillment center. 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 This sector mainly focuses on import e-commerce targeting Chinese consumers. As a Premium user you get access to the detailed source references and background information about this statistic. Cross-Border sellers and established brands that want to enter the Chinese market Global china cross border e commerce export. 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2020 china cross border e commerce export