Changes In the Pattern of Cross-border E-commerce in China Under the Epidemic
After five years of development, the cross-border e-commerce bonded import model has been highly recognized by the country and the international community.
Cross-border e-commerce originated from the gradual rise of individual procurement in 2005. From procurement, to overseas online shopping, to cross-border e-commerce, the market pain point stimulates the further development of the model. The development of cross-border e-commerce has grown exponentially and become an important form of trade.
With the adjustment of the market and the gradual improvement of regulatory policies, cross-border e-commerce continues to develop.
The Number of Cross-border E-commerce Integrated Pilot Zone has Increased
The establishment of the cross-border e-commerce integrated pilot zone provides Chinese enterprises with an opportunity to look aound the world and further share the informations. The most important thing is to promote domestic industrial upgrading and format innovation, creating a good environment for supply-side reform.
With Each New Era of E-commerce, New Demands are Generated in the Market
In the field of cross-border e-commerce, the requirements of overseas brands for service providers are also changing. Foreign brand providers began to focus more on distribution, marketing ability assessment. The future B2B supply chain service providers need to participate in the entire product cycle from the beginning of product design, and help the brand to collect the data of each link, including the most critical consumer touch and data after touch, through digital and technological means.
At present, traditional foreign trade is seriously affected by the epidemic. Cross-border e-commerce can break through the time and space constraints, reduce intermediate links, and solve the problem of information asymmetry between the supply and demand sides. During the epidemic, cross-border e-commerce helps foreign trade overcome difficulties and plays a great advantage in order, market and share protection. At the same time, such a new form of business will also provide new development opportunities for more countries, companies and groups of people. It also demonstrates the inclusive development of trade.
How to bring more professional services to more upstream brands and diversified downstream channels in such an era will be a test. For Xingyun Group, which provides Integrated cross-border goods and services, it has core resources of the whole supply chain and accumulate its own supply chain service ability which are more important. XINGYUN Group has completed the financing of $100 million of B + round in August 2019. On the basis of its original B2B service, Xingyun Group will continue to accelerate the improvement of its ability to provide comprehensive and high-quality services for brands. It will continue to make efforts in commodities, brands and channels, consolidate its capabilities in finance, capital, system, logistics and internal control, and realize the coordination of front, middle and back offices. In the current Q1 of 2020, XINGYUN Group got a good achievements.
With the support of more open and active policies, cross-border e-commerce is still the fastest way for foreign goods to enter China. The cross-border e-commerce model has lower entry requirements for imported goods, which can help foreign goods reach consumers directly and conveniently. It also has comparative advantages in terms of tax rates. The most important thing is to greatly reduce the time period for foreign brands to enter the Chinese market. At the same time, by virtue of the resource advantages and big data analysis of e-commerce platforms, brand enterprises can have a deeper understanding of Chinese consumers and timely adjust their marketing, channels and product ends, which will greatly improve their operating efficiency.