Ebay Group: "Business 3" Releases Global Cross Border Business Opportunities And Urges Smes To Expand Overseas Markets.

In September 10, 2014, Beijing, the leader of the global business and payment industry, eBay group released today's business 3: "let Chinese enterprises sail the long voyage".

"Opening up a new trend of online and offline pactions, the infiltration and integration of local and global markets, and providing an effective shortcut for the pformation and upgrading of China's foreign trade SMEs.

"Business 3 coincides with the vision of eBay group's efforts to create" interconnected business ".

We connect people from all over the world through the platform of globalization, and promote the common development of online and offline, local and global, small businesses and large retailers. "Lin Yi, vice president of eBay and chief executive officer of Greater China, said:" China's SMEs are leveraging eBay and PayPal cross-border online trading and payment platform, facing the global consumers, and actively enhancing their international competitiveness, becoming the backbone of this business revolution. "

Breaking regional restrictions to enter the global market

Compared with traditional traders of the same size, cross-border e-commerce sellers not only trade more frequently, but also cover a wider market.

Data show that, relying on eBay's global consumer network, the average export destination market of eBay Chinese commercial sellers is 63, while the average export destination market of Chinese traditional export enterprises is only 7.

The average number of commercial sellers in China is exported to 63 countries, which is also far higher than the average number of eBay commercial sellers exported to 19 countries, ranking the first among the global eBay business sellers.

For example, eBay commercial sellers in the US and the UK are exported to 38 or 39 destination markets, respectively.

The export scope of Chinese commercial sellers is also far ahead of other Asian countries, such as Thailand (43 export destinations), Indonesia (36 export destinations) and India (31 export destinations).

Lowering trade thresholds and making global trade easier

Traditional trade, especially export trade, is usually dominated by a few large enterprises.

For example, in most countries, 90% of export trade is completed by 5% of large exporters.

However, e-commerce has made cross-border trade easier and easier. Global trade is no longer a far fetched, complex economic activity that only large enterprises can take part in, and is becoming a daily business activity for every enterprise or even individual.

On the eBay global platform, an average of 97% of eBay commercial sellers are engaged in export activities.

EBay greatly reduces the threshold for SMEs to engage in foreign trade activities, and provides them with fairer display and competition environment so as to truly realize the sharing of dividends in the global market.

Create more benefits for consumers

The report points out that by eBay, Sheng De international law firm used gravity model regression analysis to examine the trading situation of major trading nations on the eBay platform, thus estimating and quantifying the benefits brought by Internet pactions to consumers.

The results show that Internet pactions will significantly increase consumer welfare, and the welfare gain range is -1% (slightly loss) to +84%, with an average gain of 29%.

Taking China as an example, the gain estimate is 42%, ranking thirteenth in all the countries studied.

Create a new global business format and achieve win-win results

Added: "since 2007, eBay and PayPal have focused on cross-border retail export business in China, not only helping tens of thousands of Chinese companies on the international stage, but also expanding the scope of global consumer choice.

In the future, we will continue to play an unparalleled global platform advantage of eBay group to invest in mobile commerce, big data, overseas warehouses and other fields, so that buyers and sellers can really achieve seamless links, thus creating a new global business district full of vitality and opportunities.

The eBay report also points out that Internet pactions can bring benefits to businesses and consumers, but the potential of Internet pactions has not yet been fully explored.

Technological advances, especially those related to improving Internet and mobile network access, will play a key role in further mining the potential of the Internet.

At the same time, an effective policy environment will also help to break down the various restrictions and trade barriers currently facing Internet pactions, especially cross-border pactions.

In the report, eBay also put forward several policy proposals, hoping to help consumers, enterprises and retailers using technology platform to eliminate Internet trade barriers.

These proposals include raising the minimum allowance threshold, promoting the development of cross-border e-commerce through free trade agreements, simplifying the process of customs clearance, strengthening the construction of overseas warehouses and improving pport capabilities.

Other key data summary of business 3 report (based on eBay and PayPal internal data):

In 2013, the ten main export destinations of eBay commercial sellers in China were the United States, Britain, Australia, Germany, Canada, Russia, France, Brazil, Israel and Spain.

In 2013, the ten main destinations of PayPal commercial sellers in China were the United States, Britain, Australia, Germany, France, Canada, Spain, Russia, Italy and Brazil.

From 2007 to 2013, the fastest growing destinations for PayPal commercial sellers in China were Brazil, Japan, Singapore, Ireland and Argentina.

In 2013, the six largest provinces / municipalities directly under the central government of eBay Chinese commercial sellers were Guangdong, Shanghai, Zhejiang, Beijing, Jiangsu and Fujian.

In 2013, the six largest provinces / municipalities of PayPal China's commercial sellers were Guangdong, Shanghai, Beijing, Zhejiang, Fujian and Jiangsu.

From 2007 to 2013, the fastest growing ten provinces and municipalities in China were PayPal, Liaoning, Guangdong, Heilongjiang, Sichuan, Hubei, Hainan, Zhejiang, Jilin, Fujian and Beijing.

In 2013, the biggest selling products of eBay commercial sellers in China were clothing, shoes and hats and accessories, computer products, mobile phones and mobile phone accessories, auto parts, jewelry and watches, consumer electronics, business, office and industrial supplies, home gardening, home decoration and sporting goods.