This allows consumers to buy products online from merchants located abroad. To support these new initiatives, Alibaba’s smart logistics network, Cainiao, will continue to expand its network of bonded warehouses in China, aiming to triple its total size to three million square meters in three years. In 2019, China's cross-border e-commerce retail import market was valued at about 416 billion yuan, increasing from around 381.4 billion yuan in 2018. Reduction from 20% from 25% on goods such as textiles and electrical appliances. In 2018, the State Council approved the establishment of a further 22 Cross-border Ecommerce Pilot Zones across the country, in addition to the 15 existing sites set up since 2015. This law aims to reinvent China’s reputation as a global e-commerce leader. So how does Kaola stand out from other big competitors like JD and Tmall? Bei Direct Shipping werden die einzelnen Pakete in Deutschland verpackt und in konsolidierter Menge nach China gesendet. Hello,I read your blog on a regular basis.Your writing style is awesome, keep it up! In addition, the CBEC can also help foster new industrial chains like cross-border logistics, cross-border financial payment, and supply-chain finance, adding impetus to China’s economic growth. Digging deep into insights about China’s cross-border online shoppers, a majority of them (76.8%) aged between 18-34. More products are open to cross-border ecommerce in China, including luxury items under 5,000 RMB, such as high-end fashion and cosmetics that appeal to cross-border purchasers. Dieser bietet Unternehmen zahlreiche Vorteile: 90 Prozent der chinesische Käufer suchen ihre Waren auf Online-Marktplätzen. According to Baidu, there were over 95,000 articles related to keywords “Cigarettes”, “Smoke”, “Tobacco” etc. The Top 3 China Cross-border Ecommerce PlatformsRead Now #1: Tmall: The Biggest Player Backed by Alibaba #… Umfrage zu bewussten Auslandskäufen beim Online-Shopping in Deutschland 2017. Tmall has two extensions, the domestic version, and Tmall Global. The TMG model is attractive as it is a self-managed flagship style business where the brand can use the store to promote new products and drive traffic to its top sellers. Many well-established logistics providers handle import inspections and customs clearance, warehousing space, order management services, and other services to their clients. Tiktok owner Bytedance tests cross-border e-commerce, and Tencent doubles it bet on livestreaming. about opening a Tmall Global store, please check here. If you have enquiries about products that can be sold to China, please feel free to contact us for detailed information! To be noted, under the CBEC retail importation program, the imported retail goods have to fall under the “List of Goods under Cross-border E-commerce Retail Importation” (2019 version), which is also dubbed a ‘CBEC positive list’, limited to personal use, and must satisfy the criteria stipulated in the tax policies for CBEC retail importation. Currently, Chinese cross-border e-commerce is growing at an estimated annual rate of 20-30%. The major players include Tmall Global, Kaola and JD WorldWide. China Customs adheres to the control philosophy of being inclusive, strategic, innovative and collaborative, and bases its control on electronic data provided by the main stakeholders in the cross-border E-Commerce supply chain: order data from the vendor or E-platform, payment data from the payment provider, and transport and delivery data from the logistics operator. In view of Kaola’s great market share and growth potential. Xiaohongshu, a social e-commerce platform where China internet users share their “best products” stories. By increasing the transaction value and widening the product scope that is favorable to the CBEC preferential policies, Chinese consumers now have greater access to a range of different foreign products. Products would be stored in overseas warehouses, and shipped directly to China after an order is placed. This market will more than double by 2020. Cross-Border E-commerce Platforms . What is the pilot program of CBEC retail importation? Q3: How is the currency conversion handled throughout cross-border trade with China? The mechanism can achieve information sharing among customs, taxation, foreign exchange, and other government departments, which largely shortens the period of goods export declaration. Cross Border e-commerce allows you to send smaller quantity of goods into a foreign country, and ship them B2C (business to consumer) direct to the consumer in that new international market. If the total value of transactions in a given year exceeds the annual limit, this issue will be handled under general trade import terms. The 2019 version of this list, which has taken effect since January 1, 2020, contains 92 new taxable items compared with the previous version, including frozen aquatic products, alcohol, and consumer goods. Now the country has a total of 86 CBEC pilot cities as well as Hainan island. Highlights about CBEC in China. It was always clear that the Chinese authorities would at some stage seek to better regulate cross-border e-commerce and two … In January 2020, China added 50 cities and the whole Hainan island into the pilot program of CBEC retail importation. For example, WeChat Pay Global supports 16 currencies including GBP, HKD, USD, JPY, CAD, AUD, and EUR. JD Worldwide, part of JD.com. Payment settlement details of WeChat Pay and Alipay. Cross-Border E-commerce in China: a convenient entry strategy. If the income of an enterprise falls under the scope of tax-free income as stipulated in Article 26 of the Corporate Income Tax Law of China, the CIT on such income can be exempted. Within Tmall Global Stores, there are also a few categories. Consumers … ), Food and Drinks (Seafood, Fruit, Dairy products, Coffee, Juice etc. Please contact the firm for assistance in China at firstname.lastname@example.org. Also, you can choose to return and get refunded within 30 days after purchase. International brands that wish to gain a piece of this pie must act quick before the market gets too concentrated. Importing Term – CIQ Statista Dossier about cross-border e-commerce in China This dossier presents graphs and information about the cross-border e-commerce, which is a subcategory of e-commerce in China. 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