Total cross-border e-commerce transactions were projected to hit 9.1 trillion yuan (US$1.33T) with 101 million haitao users by the end of 2018. 67.7% of users went to cross-border e-commerce platforms buying overseas for the first time.
Haitao is the act of Chinese buying overseas either through online platforms or individual agents.
China’s imports and exports increased by 11.4% to US$4.1 trillion in 2017. Total cross-border e-commerce transactions is projected to reach 9.1 trilli...
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