Global e-commerce market to exceed $3.5 trillion in 2020 On January 6, a report recently released by ABI Research, a global technology market consulting firm, predicted that global online retail sales will reach 3.5 trillion U.S. dollars in 2020, and e-commerce revenue will increase by 19% year-on-year. In addition, the report pointed out that China’s “Double 11” sales in 2020 are expected to exceed the three major shopping festivals consisting of Thanksgiving, Black Friday and Cyber Monday in the United States, and Alibaba’s sales will increase by 26%. It is reported that the cumulative transaction volume of Tmall Double 11 in 2019 was 268.4 billion yuan. Source: China Post Express State Post Bureau: Express delivery volume is expected to reach 74 billion pieces in 2020 On January 6, at the 2020 National Postal Management Work Conference held today, Ma Junsheng, Secretary of the Party Leadership Group and Director of the State Post Bureau, proposed that the total business volume of the postal industry in 2020 is expected to increase by nearly 20% year-on-year to 1.9 trillion yuan; the postal industry's business revenue is expected to increase by nearly 15% year-on-year to 1.1 trillion yuan. In addition, it is estimated that the annual express delivery volume in 2020 will reach 74 billion pieces, an increase of nearly 18% year-on-year; the express delivery business revenue will reach 866 billion yuan, an increase of nearly 16% year-on-year. It was disclosed that the express delivery business volume in 2019 reached 63 billion pieces, a year-on-year increase of 24%, and the business revenue reached 745 billion yuan, a year-on-year increase of 23%. Source: State Post Bureau China's cross-border e-commerce export return channel has been successfully opened According to news on January 6, on the 5th, Shatin Customs under Guangzhou Huangpu Customs accepted 174 declarations of cross-border e-commerce package export return goods from Cainiao International with a total value of RMB 14,169.31. After inspection and finding no abnormalities, Huangpu Customs allowed customs clearance. This batch of goods became the first batch of cross-border e-commerce package export commodities successfully returned to the country, marking the successful opening of the cross-border e-commerce export return channel. It is reported that my country's customs has launched customs supervision business for cross-border e-commerce export returns, which will help companies solve the problem of "difficult returns" of cross-border e-commerce export goods and enhance the shopping experience of overseas consumers. Source: People's Daily Online Cross-border payment company Travelex hit by virus attack On January 6, cross-border payment company Finablr PLC said that its subsidiary Travelex discovered a software virus on New Year's Eve that disrupted some of its online services. As a precautionary measure, it has taken all its systems offline and is currently providing foreign exchange services manually. Travelex said there was no indication that any personal or customer data had been compromised and that it had deployed a team of IT specialists and external cybersecurity experts and was working to isolate the virus and restore affected systems. Source: E-Commerce News China accelerates overseas trade construction, investing in ports in 18 countries in 10 years According to statistics from foreign media, China has invested in at least 25 projects in 18 countries over the past 10 years, with a total investment of about 1.2 trillion yen. Although there are disputes such as lawsuits surrounding the investment, steady progress is being made. The survey and statistics were conducted based on public information such as materials released by listed companies. The subjects were projects in the past 10 years from 2010 to December 2019. Among the 25 overseas port acquisition or investment projects (some of which are still in the planning stage), China Merchants Group, a large Chinese port operation enterprise, accounts for 11 (including some overlaps with other enterprises), the largest number. The second largest company is China's largest shipping company, China Ocean Shipping Group, which accounts for 9. The two state-owned enterprises are involved in 20 projects in total. Source: Internet In 2019, the express delivery business volume reached 63 billion pieces, ranking first in the world for six consecutive years On January 6, data released at the 2020 National Postal Management Work Conference showed that in 2019, my country's express delivery business volume reached 63 billion pieces, and the annual business revenue is expected to reach 745 billion yuan, a year-on-year increase of 23%. In 2019, my country created more than 200,000 new jobs, supporting online retail sales of more than 8 trillion yuan. The State Post Bureau said that according to estimates, the average value of each parcel in my country is about 137 yuan, which means that the economic growth was indirectly boosted by 1.37 trillion yuan in 2019. Since the 13th Five-Year Plan, my country's express parcel volume has increased by 10 billion pieces each year, and has exceeded developed economies such as the United States, Japan, and Europe for six consecutive years. Source: Webmaster Home In 2019, China's cross-border delivery business supported cross-border online shopping sales of 440 billion yuan On January 6, at the 2020 National Postal Management Work Conference held today, Ma Junsheng, Secretary of the Party Leadership Group and Director of the State Post Bureau, announced that in 2019, my country completed 2.12 billion pieces of cross-border express delivery business, supporting cross-border online shopping retail sales of 440 billion yuan. At the same time, postal and express delivery companies have strengthened international cooperation in integrated logistics and overseas warehouse construction, and vigorously developed the global freight, express delivery and logistics markets. In 2019, my country added 23 new international freight routes, and the international express delivery network and overseas warehouse services covered more than 60 and more than 50 countries and regions in the world respectively. Source: State Post Bureau eBay launches Hangzhou brand promotion plan to help brands expand overseas On January 6, eBay officially launched the Hangzhou Brand Promotion Plan at the 2019-2020 eBay Digital Trade Summit, aiming to help 20 Hangzhou brands shape their brand image by providing professional services and further assisting the brands in going overseas. Currently, eBay has opened the registration channel and will provide special support policies for the 20 Hangzhou companies that are finally selected, such as in-site advertising resources, priority off-site traffic guidance, etc. Hangzhou City recently released a five-year action plan for new retail development, and will strive to build Hangzhou into an international e-commerce center city and a new retail source. Source: E-Commerce News Alibaba International Station will launch a "digital foreign trade service ecosystem" On January 6, according to the official website of Alibaba International Station, Alibaba International Station’s cross-border supply chain recently launched a special export solution for credit insurance orders without invoices and tax refunds for customers serving the Yiwu Industrial Belt - Market Procurement (1039) digital export service, which helps merchants easily improve their star rating and enhance their digital trade competitiveness. The platform will hold the 2020ICBU Ecosystem Launch Conference at Alibaba Binjiang Park in Hangzhou from January 7 to January 8, and launch a "Digital Foreign Trade Service Ecosystem" tailored for merchants, aiming to solve the capacity and resource problems faced by foreign trade people. In addition, Alibaba will also release cross-border ecological business planning at the meeting. It is reported that in December 2019, Alibaba International Station announced that it would build a national "digital foreign trade port" benchmark in Shenzhen. Source: Alibaba International Station |
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