The market value of China's e-commerce is expected to grow to $401 billion, driven by factors including increasing number of people who prefer online shopping, the price advantage of e-commerce and improved online payment experience. China's e-commerce industry is developing rapidly. The market value of China's e-commerce is expected to grow to $401 billion, driven by factors including increasing number of people who prefer online shopping, the price advantage of e-commerce and improved online payment experience. China is expected to surpass the U.S. as the world's largest online retail market in 2014.
The cross-border e-commerce transactions in China reached $321 billion in 2013, of which the small wholesale and retail export grew by up to 50 %. E-commerce is playing an increasingly important role for the sustained growth of China's global trade.
China E-commerce Conference is the largest and most influential event in the country's e-commerce industry. More than 1000 enterprises participated in last year's event. This year's conference featured search engine giant Google, online retail giant Amazon and B2B e-commerce veteran ECVV.
How to take advantage of e-commerce to explore overseas markets
At this year's conference, the CEO of ECVV Steven Chen proposed a one-stop service solution for cross-border e-commerce newcomers. He further explained in details how to transfer from domestic trade to international trade. He also proposed five new concepts, i.e. the new port (from harbors to airports), the new logistics (from domestic warehousing to overseas delivery service), the new platform (from financial information to Big Data), the new markets (from Europe, America, Japan and South Korea to the BRIC countries) and the new value (from the world's factory to the world's marketplace).
How to avoid fraud in online international trade
A reporter asked Steven Chen at the conference:"Alibaba's fraud scandal made headlines in 2013. We know that fraud gangs were active on this trading platform. Alibaba has removed accounts that are accused of fraud, and now the efforts pay off. My question is that, how do ECVV get rid of fraud?"
"It's about integrity. We all believe in integrity. Unfortunately, fraud is inevitable, and we can't get rid of it completely. As a veteran e-commerce player, ECVV does have some measures to fight against fraud. ECVV offers free accounts and paid accounts, and there is a team specialized in manually verifying the authenticity of both types of accounts. Frauds can be easily spotted. It's more important to prevent fraud than to punish it. We had found something wrong with a chemical company and removed its account immediately. What's more, companies like this are not allowed to register on our website anymore." said Mr. Chen.
Founded in 2003, ECVV has been striving for providing global buyers with quality information on suppliers and products, and global suppliers with a full package of promotion services. This e-commerce platform has been dedicated to serving businesses all over the world and assisted many global small-and-medium-sized enterprises to participate in international trade and make more achievement.
Company Contact Information
ECVV Technology Development Ltd.
Alice
Rm.407, Software Bldg., No.662 Lugu Road, Changsha City, Hunan Province, P.R.China
410205
+86 731 89824148
Press Release Service by I-Newswire
Original Source: The 9th China E-commerce Conference: Potential Market Value of China's E-commerce Expected to Grow to $401 Billion in 2014
