Ningbo Cross-border E-commerce Online Shopping Bonded Import Turnover Reaches up to ¥5.18 Billion from January to April
Ningbo Customs released data on May 6th that, from January to April the cross-border e-commerce online shopping bonded imports supervised by Ningbo Customs reached up to ¥5.18 billion and 29.12 million import declaration lists were released, rising 33.5% and 27.8% from a year earlier respectively and making up more than 20% of the national turnover. According to statistics, cosmetics, maternal supplies and health care products were the major cross-border e-commerce retailer imported goods, accounting for nearly 80% in total.
CAINIAO Realized Bulk Trade & Cross-border One-Bill Delivery, Decreasing Nearly 20% of Import Business Cost
On May 6th, under the cooperation of CAINIAO and Tianjin Customs, the first China’s cross-border e-commerce & general trade one-bill delivery was successful, initiating a beginning concerning China’s import logistics. This one-bill order was delivered from the CAINIAO bonded warehouse at the Dongjiang Free Trade Port Zone of Tianjin. After the combination, merchants’ general trade goods and cross-border goods could be stored at the same warehouse and delivered within the same packed package. According to estimates, after the combination, the logistics cost could be decreased by 15%-20% and the delivery prescription could be enhanced for 1-3 days. A medium-sized import brand was able to save more than ¥1.5 million in cost annually.
Sales Volume of Goods from Countries Along the Belt and Road on Tmall Global in 2018 Grew by 120%
Recently, Ali Research issued the report of Build the 21st Century Digital Silk Road -- Alibaba.com Economy’s Practice. As of now, there have been more than 1,000 brands from 21 countries along the Belt and Road accessing to China through Tmall Global. The total sales volume of goods from Thailand, Israel and Singapore, serving as representatives of countries along the Belt and Road, grew rapidly and constantly, rising 120% in 2018 from a year earlier and nearly doubling up in comparison to the growth of 68% in 2017.
As of March 2019, Tmall Global introduced more than 4,000 categories and 20,000 overseas brands from 77 countries and regions into the Chinese market.
Indian Company BigBasket Acquired $150 Million Investment from Alibaba.com and Others
The Indian start-up company BigBasket acquired a $150 million capital invested by Mirae Asset-Naver CAGP, Alibaba.com and CDC Group possessed by the British Government, foreign media reported. Last year, Alibaba.com led $300 million investment into this company, strengthening the Bigbasket’s competitiveness with Amazon and becoming the biggest shareholder of BigBasket.
It was understood that the BigBasket platform mainly sold groceries, fresh agricultural products, pet food and so forth, competing with Amazon.com Inc, Flipkart and other platforms.
Cross-border Payment Enterprise Thunes Acquired $10 Million Series A Round Financing
The cross-border payment start-up company Thunes, the head office of which was located in Singapore, acquired $10 million series A round financing from the lead investor - GGV Capital. It was reported that Thunes would apply this capital to extend its service to Africa, Asia, Latin America and other emerging markets.
As of now, it has covered more than 80 countries and regions and established cooperation with more than 9,000 payment enterprises, including Western Union, PayPal, M-PESA and other global payment companies. Thunes provided four payment solutions, including P2P remittance processing, enterprise large payment, B2B payment and digital payment service. It processed more than 300,000 orders daily and more than $3 billion of order amount annually.
International Competition Was Intensified: Cross-border Sellers on Indian Amazon Reached to 50,000, Bidding Fair to Break $5 Billion within Four Years
According to The Economic Times, Amazon officially indicated that Indian cross-border e-commerce sellers grew by 56% and the sales volume of Indian teams running shops worldwide broke $1 billion. The Indian principal on this platform predicted the cross-border e-commerce export volume of Indian sellers within 4 years bidding fair to reach up to $5 billion. At present, there have been 50,000 Indian sellers on Amazon.com. Moreover, Walmart, the global rival of Amazon, also purchased various products from India directly, such as textiles, costumes, household products, medicines and so on. And now, India has become one of the biggest purchase destination countries as for global retailers.
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