Cross border e-commerce sales will hit 20% by 2022 Cross border e-commerce sales will hit 20% by 2022

At least 37% of Singles Day purchases in China were made from international brands or merchants, FedEx reported.

 

Experts predict that cross-border shopping will grow to 20% of e-commerce sales by 2022, particularly in the Asia Pacific region, which handles both imports and exports.

 

Services such as WeChat payment for Chinese customers and e-commerce self-collection services in Hong Kong have sprung up accordingly to serve international buyers and sellers.

Source: https://www.supplychaindive.com/news/cross-border-e-commerce-logistics-supply-chain-China-FedEx-Singles-Day/511601/