E-COMMERCE PLATFORM

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

As China’s cross-border e-commerce retail import market continues to mature, mainland consumers can now purchase a wider range of foreign goods at lower prices from various websites. Yet, the business environment is becoming more challenging to cross-border e-commerce platform operators. Kenny Lee, Founder and CEO of Onion Global, shared his views on the company’s strategies in operating a cross-border e-commerce platform in mainland China. More