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Is there any prospect for cross-border e-commerce? Where is the profit point?

The development of cross-border e-commerce can be said to be an inevitable trend to a certain extent. The concept of cross-border e-commerce refers to an international commercial activity in which trading entities belonging to different customs borders reach transactions through e-commerce platforms, conduct payment settlements, and deliver goods through cross-border logistics to complete transactions. Specifically, it can be divided into two directions: "import cross-border e-commerce" and "export cross-border e-commerce".

"Import cross-border e-commerce" refers to domestic e-commerce platforms that sell foreign products, such as "Koala, Tmall International, Yangquan" and other e-commerce companies that focus on "import cross-border" platform. "Export cross-border e-commerce" refers to Chinese sellers selling Chinese products on foreign e-commerce platforms such as Amazon, eBay, and Shopee.

A report from the Ministry of Commerce shows that my country’s cross-border e-commerce retail import and export volume in 2019 was 186.21 billion yuan, with an average annual growth rate of 49.5%. It can be seen that whether it is exporting or importing, cross-border e-commerce is a hot trend at the moment. Domestic products have a wide variety and great price advantages, and can effectively occupy overseas markets

According to China Business Intelligence Network: With the development of economic globalization, trade exchanges between countries around the world are becoming more and more frequent, and cross-border trade has become more and more frequent. Border e-commerce has become the theme of the times. Consumers can easily "shopping globally" without leaving home and enjoy high-quality products from all over the world. As my country opens its door wider and wider, relevant departments have successively introduced substantial favorable policies, coupled with the protection of the E-commerce Law, my country's cross-border e-commerce industry has been able to develop rapidly.

The summary of the latest policies for the cross-border e-commerce industry compiled by the China Business Industry Research Institute is shown in the figure below:

It can intuitively reflect the country’s support for the development of cross-border e-commerce and also It can be seen that the cross-border e-commerce industry is a hot industry at the moment.