More and more foreign businesses are eying China as an attractive, very potential market for their products. But e-commerce trends are still difficult to understand, Hangzhou CCEE will help companies enlarge business in China
The future is e-commerce, and now business means e-commerce. As China’s internet sector has an increasing influence on the outside world, all eyes are on the Dragon’s current and future role in cyberspace. But what about China’s 2018 e-commerce and internet trends?
The O2O movement is in full swing in China, with Tencent and Alibaba having invested significantly in developing unmanned stores that integrate with mobile payment platforms, and Kaola and JD building brick-and-mortar e-commerce. What used to sound like a contradiction is now an exciting reality – and a huge investment opportunity.
Actually Alibaba and Tencent are making strides to digitize the remaining 85% of China’s retail and reach the 60% offline consumer population.
The big e-commerce players are targeting grocery stores first. Alibaba has 25 unmanned Hema Supermarket stores with plans to open 30 more. JD.com recently opened an unmanned supermarket, 7Fresh, in Beijing and plans to open 1000 more.
Not only O2O and New Retail, China is leading digital financial sector. Why using cash when you can pay just scan your QR code on your phone?
The cashless future is here – in China. Mobile payments soared last year, reaching US$12.8 trillion from January to October last year. That figure is a record for the Asian continent, surpassing the dollar amount of transactions in all twelve months of 2016.
Why the popularity of mobile payments in China? Society as a whole increasingly revolves around the use of mobile phones – China is the world’s largest internet and mobile phone market. Other sectors that have been readily adopted are grocery and restaurant delivery via mobile, as well as ridesharing, financial services, and online retail.
The number of transactions has increased at an exponential rate, increasing from US$3.8 billion to over US$97 billion from 2013 to 2016 according to the Payment and Clearing Association of China.
WeChat Pay and Alipay allow consumers to skip cash, checks, and credit cards by loading money from their bank accounts onto their mobile payment accounts. And merchants have responded in kind, with everyone from corner store owners to monks at Buddhist temples accepting cashless deposits.
The future? Is here, in China. CCEE Hangzhou will show you all latest news about digital and high-tech release connected to cross-border e-commerce.
The Hangzhou China Cross-border E-commerce Exhibition (CCEE) will be in 12-13June 2018, with a forecasted attendance of 50 thousand visitors from all over China and abroad. CCEE is coming for the first time to Hangzhou, China’s e-commerce capital; the event is sponsored by the Ministry of commerce of Zhejiang Province and co-organized by Cifnews and the E-commerce Promotion Committee of Zhejiang Province.
In Zhejiang Province, Hangzhou is China’s Silicon Valley. Home to the tech companies driving the Chinese economy including Alibaba, Ant Financial, and Kaola, a leading platform for cross-border e-commerce, Hangzhou is future-oriented with a storied past. From 2004 to 2014, former employees of Alibaba founded roughly 130 internet companies, some of which have become global giants.
Cifnews is the first Chinese media platform specialized in cross-border e-commerce, founded in 2013 in Xiamen (Fujian). The new rules of cross-border e-commerce, deeply connected with the long-term vision of the “Belt and Road Initiative”, open the doors to unprecedented business opportunities with China.
Cifnews core activities are publishing, online and offline exhibitions, and training modules. Thus, Cifnews unique CCEE event format is dedicated to the professionals working on imports and exports to and from China.
Cifnews is the industry’s most recognized editorial network and event organizer in China, with 6M+ monthly views of its online platforms, and over 45K event participants in 2017 alone. The same year Cifnews launched its International department with offices in Padova, Italy, and Los Angeles, CA.
E-business means China. The mission of Barry Weng, CEO and founder of Cifnews 雨果网, is to connect companies and vendors to satisfy the needs of increasingly high-speed and interconnected global market.
Cifnews helps brands, companies, and service providers get the latest news and insights from the industry’s top experts, translating them into skills that can be directly applied in the e-commerce, digital platforms, logistics, and online payment markets.
CCEE was established in 2017 to create a link between manufacturing and digital distribution at the global level. It registered over 45 thousand attendees in its first year, with three events in China. How Chinese e-commerce market is growing? CCEE is aimed at smoothing the transition from traditional retail to “New Retail”, bridging the gap between China and global markets – and the other way around.
CCEE events are dedicated to factories, buyers, e-commerce operators and third-party service providers from all over the world, covering the whole supply chain. That’s why next June thousands of industry professionals will attend the Hangzhou China Cross-border E-commerce Exhibition organized by Cifnews in Hangzhou, Chinese “Silicon Valley”.