For one thing, online shopping in China is a much bigger deal than it is in the West, as Singles Day sales volumes show. Yet unlike their counterparts in more mature economies, China’s increasingly affluent consumers are fairly new to e-tail. Here are seven key differences between Chinese and Western consumers.
Walmart announced it is once again increasing its stake in Chinese ecommerce marketplace JD.com to 12.1%, seeing this as a better route into the massive market than an asset-heavy play. See what this will mean for ecommerce in China moving forward.
Estimated at more than 3,500 billion by 2019, ecommerce is led by China, the United States, the UK, Japan and France. This infographic by Lengow offers a deep dive look at each market in terms of shoppers, social media and more.
The gross merchandise value (GMV) of cross-border ecommerce is expected to grow at a healthy 25% per year through 2020, about twice the rate of the domestic market, according to a new report from DHL Express. The report also found that 20% of cross-border purchases were worth more than $200, again higher than domestic ecommerce. See what else the study found, including merchandise categories that are poised to grow.
It goes without saying that the cross-border ability to reach billions of consumers around the world presents a tremendous opportunity for businesses. However, retailers are faced with pitfalls in the payment process, resulting in more abandoned carts than ever. Here is how retailers looking to go cross-border with their business can avoid these payment headaches in the shopping cart.
Just like selling cross-border, selling in the U.S. has its own set of challenges that an online retailer needs to make note of. Here are seven steps to think about when selling in the U.S.
Cross-border selling can be overwhelming, leaving small businesses unsure of what to do first when it comes to choosing the right international markets. Here are five ways small businesses can get moving into new international markets with less hassle.
What were some of the retail and commerce drivers from 2016 that will continue to have an impact on 2017? As you conduct your holiday season postmortem and roadmap your 2017 plans, here are a few trends to mull over while celebrating the New Year.
In an effort to focus on its U.S. business, Staples announced it would sell its European business to private equity firm Cerberus Capital Management LP., for $53.65 million. See what this will mean for Staples.
Going global with your business isn’t an easy task, even if you have successfully tackled the domestic market. This infographic by All Finance Tax takes an in-depth look at what businesses should expect, what the benefits are and how to tackle the global market.