News: Cross-Border Ecommerce Spending to Hit $100 Billion in China

November 15, 2017

According to a recent eMarketer article, cross-border ecommerce sales in China are expected to hit $100 billion by the end of this year, an increase of 27% from 2016. The average spend per buyer is estimated to be $882.

 

Reasons for this increase in spending include a growing middle class, a desire for gadgets and technology not yet available in China, the awareness and perceived quality of overseas brands and improved logistics. Several websites like Alibaba's Tmall Global, JD Worldwide and Kaola.com, have made cross-border shopping easier for Chinese consumers.

 

gpi-chinese cross border ecommerce-home

The article also states that more than 20% of all digital buyers in China will make at least one cross-border purchase via the internet. With over 700 million internet users, China is the world's largest internet market.

 

"The average Chinese consumer is now more tech savvy, more exposed to foreign brands through overseas travel and the internet and, crucially, more willing to spend," said Shelleen Shum, senior forecasting analyst at eMarketer.

 

With China's ecommerce sites constantly adding new goods from foreign retailers and improving the ease of cross-border shopping, foreign brands have the opportunity to capitalize on China's demand for high quality products, especially in the baby, maternity, health and beauty categories, according to Shum.

 

The increasing cross-border purchases are causing local brands to start adapting their goods to meet Chinese consumers' demands.

To read more, please see: Cross-Border Ecommerce Spending in China to top the $100 Billion Threshold in 2017.

Further Resources on Language and Global Business

 

Globalization Partners International (GPI) has extensive experience localizing marketing materials, technical documents, and large, scalable websites. We have previously posted a number of useful guides for best practices in this area. Feel free to review our blogs that are particularly relevant:

 

 

Please feel free to contact GPI at info@globalizationpartners.com with any questions about our language and technology services. Also let us know if you have any interesting blog topics you would like us to cover in our future blogs. You may request a complimentary Translation Quote for your projects.

Category:
Country Specific
Tags:
ecommerce, global ecommerce, ecommerce in China

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Jade is a native Chinese speaker from Guangdong, China. She has a degree in English (Advanced Translation and Interpreting) from the Guangdong University of Foreign Studies. Her experience includes providing Chinese translations and consecutive interpretations for global clients and events in the fields of travel, hospitality, finance and investments. She has served as a journalist/writer for Media Most Publishing, a banking relationship manager at RAK Bank and has completed freelance content work for Dubai Tourism and Conde Nast Traveller. When she’s not working, she enjoys traveling, short excursions to other Emirates, swimming, watching movies and playing table tennis.