Unveiling China's Cross-Border E-Commerce: 5 Major Target Markets in Asia 2023
China's ascent as a trailblazer in cross-border e-commerce has not only reshaped the global economic landscape but has also significantly impacted the contours of international trade. In 2022, the value of China's cross-border e-commerce imports and exports surpassed 2 trillion yuan ($280.55 billion), marking a 7.1% increase from the previous year, according to a report by China's General Administration of Customs (GAC).
As we navigate through this transformative surge, it becomes imperative to unravel the intricacies of China's cross-border e-commerce landscape, shedding light on some of the key destination countries within Asia that have become focal points for China's e-commerce exports. Check it out! ⬇️
Evolution of Cross-Border E-Commerce In China
The roots of cross-border e-commerce in China can be traced back to 1998 when pioneering foreign trading companies harnessed state-of-the-art technology for import and export transactions. However, the game-changer arrived in 1999 with the introduction of Alibaba, founded by Jack Ma. Alibaba's emergence revolutionized the cross-border e-commerce landscape by creating a robust B2B portal, facilitating seamless shipments between local and overseas companies.
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