45% of Chinese respondents purchase most of their luxury goods online according to a research conducted by KPMG. 61% will buy high-end outbound travel products online and 28% will buy cross-border luxury goods.
China’s cross-border shoppers reached 18 million and generated revenues of 140 billion yuan (US$21.75 billion) in 2014 according to China Electronic Commerce Research Center and China General Administration of Customs.
Over a quarter of Irish online shoppers purchased on China’s online shopping platforms in 2015 according to a recent research by Paypal.
The overall turnover of Black Friday in 2015 increased by nearly 30 times more than that in 2014 and the number of orders increased by nearly 35 times this Black Friday shopping season according to Alipay.
Comparing to regular online shopping in China, cross-border shopping frequency is lower with a higher average order value. About one-third of Chinese cross-border online shoppers purchased overseas goods only 3 to 5 times in 2014. However, about a quarter of the respondents spent 1,000 (US$157.17) to 3,000 yuan (US$471.51) on each order and 11% spent […]
With the fast growing cross-border e-commerce market in China, all major e-commerce companies are playing “Black Friday” card in China to further push their cross-border shopping sales.
About 53.6% of Chinese outbound tourists take shopping as primary objectives of free and easy trips in 2015, according to a research of Mafengwo and TouTiao. At least half of their travel budget will be spent on shopping.
China Cross-border e-business in China is estimated to reach 6.5 trillion yuan (US$1.02 trillion) in 2016, with an increase of 30% growth rate and 20% in the ratio of China’s total import and export trade according to China Ministry of Commerce. In the first half of 2015, the e-commerce transactions totaled 7.64 trillion yuan (US$1.20 trillion), […]
On August 6th, the Chinese largest shopping website taobao.com’s unit g.taobao.com published a report on its website, revealing the history of Chinese online shopping and preference of Chinese online shoppers through analyzing big data.
More and more overseas e-commerce websites providing the service of direct shipping to China appear. On the one hand, they can rapidly occupy the position in the Chinese market. On the other hand, they make customers enjoy more convenient shopping. In the U.S., many large merchants that sell products covering general goods, fashion clothes, products […]
Jingdong launched JD Worldwide last week providing imported goods from Japan, Korea, the U.S., Australia, UK and etc. In the mean time, eBay Overseas Featured channel has also launched on the new website.
There were over 2,000 cross-border e-commerce enterprises in China on record according to China General Administration of Customs.
Suning, one of the largest retailers in China, launched its U.S. e-commerce website targeting Chinese cross-border shoppers looking to buy American products.
Vitacost has started providing direct delivery service to Chinese cross border shoppers with China’s largest logistic company SF Express.
Recently, Wechat payment is discussing cooperation with some e-commerce websites on importing business and overseas e-commerce including eBay.