CROSS-BORDER E-COMMERCE

The Covid pandemic has driven the development of e-commerce at an even more breakneck speed than before. The UK is the world’s third-largest e-commerce market and has been the transit station for e-commerce goods from Hong Kong entering the EU single market. After Brexit, however, the customs clearance procedures and other rules businesses have to follow will inevitably become more complicated. More

A massive country, with 11 times zones spanning almost half the world, and a population of more than 140 million, Russia is one of Hong Kong’s fastest-growing export destinations. The Eurasian giant also has massive e-commerce potential. In 2019, only 9% of retail sales in Russia are e-commerce transactions – against 27% in Mainland China – despite Russia having a purchasing price parity per capita gross domestic product of US$11,600 against the mainland’s $10,260. More

To cash in on the e-commerce boom during the current trying times, emerging markets such as Southeast Asia, which boast a sizeable consumer pool and a more encouraging economic outlook, are becoming a darling to many manufacturers and exporters facing collapsing orders from traditional mature markets. Enablers such as cross-border e-commerce platforms are therefore highly sought-after. More

Under guidelines recently issued by the Commerce Bureau of the Hengqin New Area, cross-border e-commerce (CBEC) enterprises, CBEC comprehensive service platforms and logistics service enterprises may apply for CBEC special support funding from the Commerce Bureau of the Hengqin New Area. More