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🛒 Cross-border e-commerce is rapidly on the rise, and over 60% of consumers are now shopping online from international brands and stores. While this opens up a world of possibilities for e-commerce retailers, it also comes with its share of challenges. In this blog from Shopify, the company looks at considerations for retailers when engaging in cross-border selling. 📦 💰 One of those challenges is certainly customs duties that come with international shipping. While retailers have the option to pass those costs on to shoppers, it's not a favorable option when it comes to customer experience, and most buyers end up absorbing those costs. The good news is that retailers can claim those costs back, even in bulk! Contact Trade Duty Refund to understand how: www.tradedutyrefund.com

Make E-commerce Shipping More Efficient! An efficient and optimised e-commerce shipping strategy isn’t just crucial to improving your relationships with customers and increasing conversions. It’s also the key to keeping costs low in your organisation, making the most of your resources, and paving the way for continued growth. Whether you are importing, exporting or shipping domestically, contact us for a free review of your shipping needs. Call 07825 134 666 or email [email protected] #shippingsolutions #ecommerce

Cross-border E-commerce Helps Chinese Brands Access Overseas Markets In recent years, the cross-border e-commerce market in China has sustained impressive growth, achieving an average annual growth rate exceeding 20%. The wide use of mobile internet and advancements in logistics infrastructure have promoted the fast development of cross-border e-commerce. The proliferation of cross-border e-commerce platforms and the increased accessibility of cross-border payments have also bolstered market expansion. With its responsiveness and cost-efficiency, cross-border e-commerce has also emerged as a driving force for foreign trade, particularly in manufactured goods exports. This is because numerous international brands have downscaled their orders due to the amplification of global economic recession and persistent slowdown in external demand growth caused by the COVID pandemic three years ago, impacting China’s traditional exporters that rely heavily on the Original Equipment Manufacturer (OEM) model. To cope with the challenges, an increasing number of Chinese manufacturing companies are pivoting towards cross-border e-commerce for exports. Engaging directly with downstream companies and end-users globally, many export-oriented enterprises have started establishing their proprietary brands, aiming for direct market sales. More on our report: https://lnkd.in/gNCn7psr

Cap eased on transborder online sales China is encouraging more cross-border e-commerce transactions by easing tax and adding to supply of duty-free merchandise China will further encourage cross-border e-commerce transactions by easing the annual cap on transborder online purchases and adding categories of imports to the duty-free list, the Ministry of Finance announced on Nov 30. Starting next year, the annual duty-free quota for cross-border e-commerce purchases for individual buyers will be lifted to 26,000 yuan ($3,745; 3,343 euros; ￡2,982) from the current 20,000 yuan. The cap might be further eased in the future, as local residents' income grows, the ministry said in a statement. The China-Europe freight train which departed from Hamburg arrives at Xi'an, Shaanxi province, on May 21. Xinhua The tax-free limits on single transactions will increase to 5,000 yuan from 2,000. The ministry also added 63 product categories to the list of duty-free goods that might be available on cross-border e-commerce platforms. Most of these are popular high-end consumer products, such as sparkling wine, beer made from malt and fitness equipment. The taxation-easing measures are expected to further boost the country's cross-border e-commerce, better meeting local residents' demand for high-quality foreign products and maintaining a level playing field in the local market. They will also help local enterprises further push forward industrial upgrading by introducing competition from foreign counterparts. According to the Ministry of Commerce, retail imports via e-commerce platforms rose by 53.7 percent year-on-year to 67.2 billion yuan in the first 10 months of this year. The new policy is set to guide the sector to move toward the mid-to high-end niche, according to Cao Lei, director of the China E-Commerce Research Center. "It propels different e-commerce players to really build up their respective strengths and tighten their grip on resources integration from procurement, logistics, customs and sales ... to provide genuine, end-to-end quality service," he says. Ouyang Cheng, director of the Alibaba Cross-Border E-Commerce Research Center, says the new policy will promote innovative and sustainable development of China's e-commerce industry. Zhang Lei, CEO of NetEase Kaola, a leading Chinese cross-border portal, says, "This is a strategic commitment to the industry as a whole and is conducive to driving consumption upgrade and advancing economic growth." The increased transaction value cap will not only unlock consumption potential and encourage spending on items like affordable luxury goods, electronics and beauty care, but will further adjust and optimize cross-border e-commerce categories, she says. Liu Peng, general manager of Tmall Import & Export, says: "We see continued stability and certainty on the policy end. It is a clear nod to the innovative model of the entire cross-border e-commerce model in China." The dedic

🌍📈 𝗘𝘂𝗿𝗼𝗽𝗲𝗮𝗻 𝗰𝗿𝗼𝘀𝘀-𝗯𝗼𝗿𝗱𝗲𝗿 𝗲-𝗰𝗼𝗺𝗺𝗲𝗿𝗰𝗲 𝗶𝘀 𝗼𝗻 𝘁𝗵𝗲 𝗿𝗶𝘀𝗲! In 2022, it reached €179 billion, with online stores achieving a record €105.5 billion in cross-border sales. By 2023, this had grown by 1.4% to €107 billion. These insights are from the 6th edition of the 'TOP 500 B2C Cross-Border Retail Europe' report by Cross-Border Commerce Europe. This annual ranking showcases the most significant 500 European cross-border online stores, excluding travel. Key highlights: 📈 Total online B2C turnover in Europe: €741 billion (up 13% from 2022) 🌍 Cross-border sales made up 32% of this total Top performing markets: 🇩🇪 German online stores: €43 billion in cross-border sales (+28%) 🇬🇧 UK online stores: €27.5 billion (-1.8%) 🇫🇷 French online stores: €32 billion (+30%) 🇪🇸 Spanish online stores: €18 billion (+50%) 🇳🇱 Dutch online stores: €7 billion (+45%) The growth in cross-border e-commerce underscores the 🌟 growing interconnectedness 🌟 of European markets and the resilience of online retail. Know more here : https://lnkd.in/dMYjAP-P

🌍📈 𝗘𝘂𝗿𝗼𝗽𝗲𝗮𝗻 𝗰𝗿𝗼𝘀𝘀-𝗯𝗼𝗿𝗱𝗲𝗿 𝗲-𝗰𝗼𝗺𝗺𝗲𝗿𝗰𝗲 𝗶𝘀 𝗼𝗻 𝘁𝗵𝗲 𝗿𝗶𝘀𝗲! In 2022, it reached €179 billion, with online stores achieving a record €105.5 billion in cross-border sales. By 2023, this had grown by 1.4% to €107 billion. These insights are from the 6th edition of the 'TOP 500 B2C Cross-Border Retail Europe' report by Cross-Border Commerce Europe. This annual ranking showcases the most significant 500 European cross-border online stores, excluding travel. Key highlights: 📈 Total online B2C turnover in Europe: €741 billion (up 13% from 2022) 🌍 Cross-border sales made up 32% of this total Top performing markets: 🇩🇪 German online stores: €43 billion in cross-border sales (+28%) 🇬🇧 UK online stores: €27.5 billion (-1.8%) 🇫🇷 French online stores: €32 billion (+30%) 🇪🇸 Spanish online stores: €18 billion (+50%) 🇳🇱 Dutch online stores: €7 billion (+45%) The growth in cross-border e-commerce underscores the 🌟 growing interconnectedness 🌟 of European markets and the resilience of online retail. Know more here 👉 https://lnkd.in/dMYjAP-P

Local E-commerce Market Thriving　anticipates More Opportunities and Challenges Ahead The Hong Kong Export Credit Insurance Corporation (HKECIC) and the Hong Kong Trade Development Council (HKTDC) recently released a research report titled "Hong Kong Companies Embrace New Opportunities in Cross-border E-commerce." The survey, conducted from June to August this year, involved 352 Hong Kong companies, with 65.4% already engaged in e-commerce and 34.6% planning to venture into e-commerce in the next one to two years.   The surveyed companies in general indicated that cross-border e-commerce offers positive impacts for expansion, whether via broader sales channels (69.0%), new market opportunities (50.3%), or enhanced brand awareness (48.9%). An overwhelming 90.0% anticipated that cross-border e-commerce could raise their total sales revenue in the next two years. On average, “companies that have developed e-commerce” believed that cross-border e-commerce could result in some 14.6% increase in their total sales. Looking ahead, respondents generally agreed that, for the next two years, Mainland China (61.6%) and ASEAN (44.3%) offer the greatest growth potential. While cross‑border e‑commerce business is closely related to consumer's online shopping activities, e‑commerce companies must confront a variety of practical issues online and offline.   These include: Goods delivery – Of the companies surveyed, 38.4% said that customs clearance procedures in the Mainland and foreign markets are complex, with 31.3% indicating that product returns involve complicated procedures and / or high costs, and 29.8% finding it difficult to manage practical issues such as the international delivery of small orders. Platform charges, exchange rates and refunds – The high commission rates charged by third-party e-commerce platforms and long payment periods were identified as challenges by 51.1% of respondents. Meanwhile, 46.6% said fluctuating exchange rates or high exchange costs were problems they had faced during their cross-border e-commerce operations. 28.4% were concerned about the expensive costs in relation to refund policy. Market, regulation and financing issues – In addition, companies must contend with a wide range of difficulties. Majority of the surveyed companies (84.9%) noted that developing cross-border e-commerce face market-related challenges, such as keen market competition. Meanwhile, 54.0% indicated regulatory issues and 41.2% encountered financial challenges.   The surveyed companies generally hope to make use of a range of professional, marketing and logistics services to meet the challenges outlined. These include risk management, such as insurance for cargo transportation or account receivables (39.8%), e‑commerce promotion (34.4%), and logistics services for both delivery and product returns (33.5%). 【Full Article】https://lnkd.in/gsFCAfnR

Linkage Global Inc, as a cross-border e-commerce comprehensive service enterprise, launches the cross-border e-commerce agent operation service section. With its keen market insight and superb operation strategy, it has won unanimous praise from customers. The company's operation team deeply analyzes the target market, accurately captures the pulse of consumption trends, and tailors personalized market positioning for cross-border e-commerce enterprises and sellers. At the same time, they always pay attention to the dynamics of competitors, in-depth analysis of the advantages and disadvantages of strategies, to ensure that customers always occupy a leading position in the fierce market competition. More importantly, Linkage Global Inc always adhere to the customer-centric e-commerce service, committed to meet the diverse needs of different customer groups. They provide customized services to ensure that every customer can get the most intimate and professional e-commerce solutions. Whether it is a start-up or a mature brand, Linkage Global Inc can rely on its excellent professional ability to help cross-border e-commerce companies and sellers achieve extraordinary results in the field of e-commerce and achieve sustainable development and growth.

E-commerce and international trade can take several forms within businesses and companies, each leveraging digital technologies to facilitate transactions across borders. Here are the key forms: 1. Business-to-Consumer (B2C) E-commerce Description: Businesses sell products or services directly to consumers via online platforms. 2. Business-to-Business (B2B) E-commerce Description: Companies sell products or services to other businesses through online marketplaces or direct digital transactions. 3. Consumer-to-Consumer (C2C) E-commerce Description: Individuals sell products or services to other individuals via online platforms. 4. Consumer-to-Business (C2B) E-commerce Description: Individuals sell products or offer services to businesses through digital platforms. 5. Mobile Commerce (M-commerce) Description: E-commerce transactions conducted via mobile devices. 6. Social Commerce Description: E-commerce transactions facilitated through social media platforms. 7. Cross-border E-commerce Description: International e-commerce where businesses sell to consumers or other businesses in different countries. 8. Subscription E-commerce Description: Businesses sell subscription-based products or services, delivering them regularly to consumers. 9. Digital Products and Services Description: Selling non-physical products or services that can be delivered digitally. 10. Dropshipping Description: A retail fulfillment method where businesses sell products without holding inventory, with products shipped directly from suppliers to customers. 11. Direct-to-Consumer (DTC) E-commerce Description: Manufacturers or producers sell directly to consumers, bypassing traditional retail channels. 12. Marketplace Platforms Description: Online platforms where multiple vendors can list and sell their products. 13. Digital Trade in Services Description: Offering professional services through digital platforms to international clients. 14. Hybrid Models Description: Combining multiple e-commerce forms to enhance business flexibility and reach. Each of these forms allows businesses to leverage digital technologies to reach wider audiences, streamline operations, and facilitate international trade, contributing to the global economy's growth and sustainability. #EcommerceAfrica #DigitalTrade #SustainableGrowth #FutureOfCommerce #SDGs #Innovation

This UK Brand unlock one of the biggest e-commerce market within 10 business days Yesterday I shared about our QuickSEA Entry solution helps brands getting into SEA market within 1-2 weeks. Here's how one of our client did it: 🔎 A UK beauty brand is experiencing a surge in orders for their beauty devices from Vietnam. However, they face a significant hurdle: With an average order value of $40, relying on express couriers means customers must take care of the paperwork themselves. 🤐 This is a poor customer experience for e-commerce business! The brand needs an all-in fulfillment partner to handle paperwork and end delivery, ensuring a seamless experience for Vietnamese customers. They want to determine if Vietnam is a market worth significant investment. 🔑 They came to us with the challenge. And we use our QuickSEA Entry infrastructure to help. Here's what we did: - Setup all necessary paperwork in 10 business days. - Our 30 Rule ensures logistics costs from all logistics steps are optimized. (air freight, tax, customs clearance, last-mile) For this trial shipment of 5 orders, the shipping cost is about 36%. Depends on your product value, 30% can be reached by increase to 100-150 orders per shipment. 💸 Now they must get to work and sell more. By utilize our QuickSEA Entry Infrastructure, the UK beauty brand can tap into Vietnam's booming market, delight customers, and assess the market’s potential without logistical headaches. Ready to enter SEA markets? Comment below your target markets and let's chat.