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Chinese businesses reach overseas consumers through Amazon

byCT Report
14/05/2016
in Latest News
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HANGZHOU: More Chinese merchants will soon be able to sell their goods outside China through Amazon’s online marketplace.

Amazon signed a deal on Friday with a cross-border e-commerce pilot zone in Hangzhou, East China’s Zhejiang province, to let traders use its site to sell to its 285 million active paying customers worldwide.

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Amazon’s global logistic network will deliver goods from China to 185 countries and regions.

Cross-border sales account for nearly one fourth of total revenue from third party merchants in Amazon’s global marketplaces. The number of Chinese traders there doubled in Q1 from a year ago.

Zhejiang province is looking to cross-border e-commerce to shore up trade, which shed 0.9 percent in the first four months. Exports edged up only 0.3 in the same period. E-commerce has offset much of the slump in traditional exports.

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