Overseas Online Shopping Users is Expected to Expand to 235 Million in China 2020
Cross-border e-commerce can be divided into B2B, B2C and C2C. In the actual operation, the business model of the enterprise is constantly innovating and evolving. For example, Xingyun Group has the S2B2C model in the field of cross-border import. The brands directly reach consumers through cross-border B2B service providers, gathers business + logistics + capital + information, and completes the deep link between industry and consumers.
At present, cross-border e-commerce and other new consumption have played an important role in expanding capacity, stabilizing foreign trade, boosting consumption recovery and promoting digital transformation, accelerating the steady economic recovery.
Overseas online shopping user size analysis
With the development of Internet applications and cross-border transport networks, overseas online shopping has become a dialy behavior. Overseas online shopping has its unique advantages like price, category and others. In recent years, the scale of overseas online shopping users in China has been constantly expanding. According to data, the number of overseas online shopping users in China exceeded 100 million in 2018. In 2019, the number of overseas online shopping users in China is nearly 155 million, and is expected to increase to 235 million in 2020.
Cross-border E-commerce Has a Broad Prospect
In recent years, China's cross-border e-commerce industry has been developing continuously and the market scale has been expanding continuously. In 2018, China's cross-border e-commerce retail import and export volume exceeded 900 billion yuan.
According to data, cross-border e-commerce transactions in China reached 10.8 trillion yuan in 2019. In 2020, due to the impact of the coVID-19, cross-border e-commerce market will be impacted to a certain extent. It is estimated that the market size will decline slightly in 2020, with transaction size estimated at 10.3 trillion yuan. However, cross-border e-commerce will release great potential with the vigorous support of national policies, enabling the development of foreign trade, and the increasing market demand.