The State Council: To Reduce Personal Postal Articles Tax Rate on Inbound Articles
Since the reduction of VAT and cross-border e-commerce import tariff on April 1st, the State Council decided to reduce personal postal articles tax rate on inbound articles from April 9th, that is, the tax rate concerning food, medicine and so forth fell to 13% from 15% and the textile, electrical appliance and others’ came down to 20% from 25%, so as to promote import expansion and consumption.
Commodities involved in this tariff reduction mostly belonged to hot cross-border shopping categories featuring brisk purchasing and marketing. The further reduction of personal postal articles tax rate was an undoubted good news for cross-border shopping groups.
China’s Cross-Border E-Commerce Export Scale To Exceed Trillion Yuan
According to 2019 China’s Cross-Border E-Commerce Export Trends and Opportunities White Paper issued by CBNData, over the past five years, the proportion of China’s cross-border e-commerce exports accounting for foreign trade exports rose to 7.7% from 2.2%, exceeding trillion yuan as of 2018. The global consumption featuring online and e-commerce has become an inevitable trend, said the report. Mainstream e-commerce platforms has covered more than 200 countries and regions worldwide in 2018.
$7M, the Fourth Quarter Net Income of SECOO, to Rise 2.8% from a Year Earlier
SECOO (Nasdaq Stock Code: SECO) issued its fourth quarter and annual financial report as of December 31st, 2018. SECOO’s fourth quarter total revenue was ¥1.7926 billion ($260.7 million), up 27.0% from a year earlier, and corresponding net income was ¥48.3 million ($7 million), up 2.8% from a year earlier, indicated the report.
AliExpress 2019 Business Strategy: Social E-Commerce to Be a Bigger Breaking Point
Alibaba.com AliExpress issued its 2019 strategy and orientation.
Social e-commerce has become a breaking point realizing user growth. Promoting China-made goods abroad not only sold goods abroad, but also popularized Chinese brands overseas. In terms of service, AliExpress will focus on upgrading oversea location business and return&exchange service this year, in order to meeting the needs of various consumers.
eBay Announcement: SpeedPAD to Add a WeChat Pay and Recharge Channel
The cross-border e-commerce platform eBay released an announcement as to add an online recharge channel. Recently, SpeedPAD added WeChat Pay as a new recharge channel, said the announcement. The announcement indicated the online channel recharge rate supported by SpeedPAK at present, that is, each RMB service charge of Alipay and WeChat was 0.3%, each RMB service charge of UnionPay was 0.37% and each USD and HKD service charge of PayPal was 0.9% plus fixed charge.
Lazada to Issue New Strategies, Magnates to Compete and Pursue in Southeast Asia
Lazada disclosed that it would make use of 5% of cross-border commodities within the entire website to set up global selections in the coming year. In terms of logistics, the platform would expand six countries’ logistics arrivals within 72-hour and open an oversea location in Thailand. From 2016 to 2018, Alibaba.com invested nearly $4 billion in Lazada while shareholding ratio rising to 83% from 51%, indicated the publicity.
According to the Southeast Asia E-commerce Report issued by Google and Temasek, over the next 10 years, the e-commerce CAGR (Compound Annual Growth Rate) will reach 34% around, and by 2025, the e-commerce market scale will come up to $102 billion in Southeast Asia.
Foreign Media: Microsoft to Enter E-Commerce Market to Challenge Shopify and Amazon
According to the latest news, Microsoft was now considering to establish a platform competing with Shopify. Nowadays, Microsoft possessed its own online shop and other more than 100 physical stores. Meanwhile, it provided some large-scale retailers, such as Walmart, with services. Microsoft released its Cayman Team’s several task list, among of which one indicated the Cayman Team’s mission was obvious to “establish a core platform making Microsoft’s the first and third party’s products’ and services’ goods, price fixing and management providing possible”.
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