Cross-Border E-commerce Asia
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The decision to accept Bitcoin payments reflects Mercari's commitment to staying ahead of the technological curve and offering users diverse payment options.
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Ocean Shipping Rates Surge Over 50% in Major Trade Lanes, Reveals Freightos Data
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BEST Inc. to Open Southeast Asia's Largest Sorting Center in Malaysia
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2023 Unwrapped: Parcel Monitor's Most Read Articles of the Year
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Dec 21, 2023
Everything You Should Know About Cross-Border E-Commerce
Discover the essential insights, best practices, and strategies you need to succeed in cross-border e-commerce. From market research to logistics and customer trust, this comprehensive guide has everything you should know about cross-border e-commerce.
Nov 27, 2023
Unveiling China's Cross-Border E-Commerce: 5 Major Target Markets in Asia 2023
Delve into the trade dynamics between China and its 5 major destination countries for cross-border e-commerce, and also explore the crucial role of logistics carriers in facilitating seamless transactions.
Nov 16, 2023
State of E-Commerce in Southeast Asia Report 2023
Get the latest insights into e-commerce in Southeast Asia with our 2023 report covering delivery performance metrics in Singapore, Indonesia, and Malaysia.
Nov 15, 2023
ShopBack Introduces Instant Cashback for All Online Payments
ShopBack is revolutionizing online payments with instant Cashback, offering users up to $10 rewards for every purchase and unlocking unprecedented savings across a vast network of partner brands.
Nov 14, 2023
Singles' Day 2022 Recap: Decoding Shopper Trends and Crafting a Strategy for 2023
Discover the transformative insights of Singles' Day 2022, and gain strategic foresight for the upcoming 2023 retail spectacle.
Nov 09, 2023
Forbes Asia 100 to Watch: Top 10 E-Commerce & Retail Companies 2023
Explore Forbes Asia's 100 to Watch list for 2023 and discover the top 10 e-commerce and retail companies making waves in the Asia-Pacific region.
Nov 07, 2023
Cross-Border E-Commerce in Asia
The State of Cross-Border E-Commerce
The global cross-border e-commerce market is growing rapidly, particularly in Asia. Notably, China is one of the fast-growing cross-border e-commerce markets, contributing to a lot of outbound shipments around the world. of the top e-commerce logistics trends is the growing cross-border market around the world. For example, Cainiao Network and Alibaba have been expanding their global presence to facilitate the fast and efficient processing of international e-commerce shipments from Asia to other parts of the world. Cross border e-commerce growth is dependent on the capacity to ship products across countries in the shortest amount of time and at the lowest possible cost, including both inbound shipments and outbound shipments. And Asia is currently leading the way in global cross border e-commerce.
Cross-Border E-Commerce in Southeast Asia
Southeast Asia is indeed the rising cross border e-commerce hub, owing to its fast-growing population of internet-savvy consumers amongst other factors. According to Mordor Intelligence, cross border e-commerce already accounts for more than 40% of overall e-commerce sales in the region. Southeast Asia is also an important supplier for various product categories to numerous locations throughout the world, with the United States, Australia, and the United Kingdom being the three biggest destinations. The presence of large cross border industry players in the e-commerce world such as Amazon, Alibaba Group, eBay, are contributors to Southeast Asia’s rapid cross-border e-commerce growth.
Cross-Border Opportunities Post-COVID
Amid national efforts and widespread support for purchasing domestically especially during the height of the pandemic, customers are moving towards making more international purchases. This can be attributed to a variety of reasons, including price sensitivity and the availability of unique products. This brings new revenue opportunities to domestic retailers, who are not confined to selling domestically, but are now exposed to a much larger market segment.
Cross-Border E-Commerce in China
China now dominates the cross border e-commerce logistics market in Asia-Pacific (APAC), accounting for 56.4% of the total segment value (€23,596m). It is also the major supplier of current cross border online purchases across regions. Despite the economic instabilities and supply chain bottlenecks in 2021, cross border e-commerce imports and export in China surged 20.1% year on year during the first nine months. This is largely due to the landscape’s maturity, as well as the existence of overseas in-country warehouses and logistics networks, improving overall market efficiency.