E-commerce enterprises in China have taken an increasing role spearheading cross-border commerce in goods and services between China and other nations. As consumers within the country have become more affluent, some enterprises have begun importing increasing amounts of high-quality consumer goods from abroad while others provide platforms for importers to sell goods B2C and C2C. […]
Alibaba’s cross-border e-commerce platform Tmall Global product categories grow by 50% to 3,700 in 2016, with more than 14,500 international brands from 63 countries and regions.
China cross-border e-commerce total transactions reached RMB 751.2 billion in 2015, an increase of 69% YoY according to Alibaba.
GMV transacted on Alibaba China retail marketplaces was RMB837 billion (US$126 billion), an increase of RMB164 billion (US$25 billion), or 24% year-over-year, with mobile GMV accounting for 75% of total GMV according to Alibaba.
Alibaba surpassed RMB 3 trillion in annual GMV in March 2016; and, its revenue for the year was over RMB 100 billion, up by 39% YoY according to the announced financial results.
Tmall Global was officially launched on Feb 19 2014 by Alibaba which is designed for supplying imported goods for domestic consumers.