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Ecommerce

The growth rate of Singles’ Day has been slowing since 2015. This year, Singles’ Day GMV grew 23.7%, compared to last years’ 43.5% growth. But growth figures aside, Singles’ Day has changed China’s retail landscape as it continually introduces new brands and products from different countries. For some overseas retailers,...
China’s e-commerce market is the largest in the world and already represents more than 40% of the total global e-commerce spending. This year, China’s Singles’ day set a new record with US$30.8 and 27% growth when compared to last year. In the next four years Chinese online sales are expected...
The Chinese consumption patterns have been changing in the last few years, which is reflected in the increasingly willing to purchase more high quality products. In order to adapt to the new trends, the Chinese government announced that they will lift the tax-free ceiling for personal cross-border e-commerce retail purchases....
The social media platform RED (or Little Red Book) is an online sharing community which enables users to post their recommendations based on their previous experiences. Unlike other social media, the platform aims to offer more informative and detailed content in order to make it more authentic and build trust...
Between January and October 2018 retail imports of cross-border e-commerce reached 67.2 billion yuan in China, up 53.7% year-on-year. Not surprising the Chinese government places great importance on developing cross-border e-commerce and other new forms of trade. Officials have said that China will expand and improve the existing policies on...
The Chinese online consumer preferences have been changing in the last few years. The ongoing tech empowerment of the middle class and lower middle class is reflected in the rapid success of Pinduoduo and in the rapidly increase sales of instant noodles, paper towels, and low-end consumer products. After years...
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