On November 21, the Ministry of Commerce issued a notice on promoting the stable growth of foreign trade, emphasizing the development of cross-border e-commerce and the continued advancement of overseas intelligent logistics platform construction. Dongxing's research report pointed out that against the backdrop of global inflation, consumers' consumption behavior will be more rational, providing good opportunities for the shift to online consumption and the development of high-quality domestic products with good value for money. Overall, the outlook for the growth of the cross-border e-commerce industry looks positive.
On November 21, the Ministry of Commerce issued a notice on promoting the stable growth of foreign trade, emphasizing the development of cross-border e-commerce and the continued advancement of overseas intelligent logistics platform construction. It also supports eligible regions to explore the establishment of cross-border e-commerce service platforms to provide enterprises with overseas legal, tax, and other resource matching services.
Since the beginning of this year, China has provided significant policy support for cross-border e-commerce in terms of trade, finance, taxation, and other aspects, driving rapid industry development. According to preliminary statistics from the General Administration of Customs, in the first three quarters of 2024, China's imports and exports in cross-border e-commerce amounted to 1.88 trillion yuan, an 11.5% year-on-year increase. This growth rate is 10.5% higher than the first half of the year and exceeds the overall growth rate of China's foreign trade by 6.2 percentage points. Dongxing's research report pointed out that against the backdrop of global inflation, consumers' consumption behavior will be more rational, emphasizing value for money and providing good development opportunities for the shift to online consumption and the development of high-quality domestic products with good value for money. Overall, the outlook is bullish on the growth of the cross-border e-commerce industry and the performance of high-quality domestic product brands in overseas markets.
According to the Financial Data Center, among related listed companies:
For years, Yidianxia has been deeply involved in the cross-border e-commerce field and has developed targeted intelligent marketing tools such as the CyberTargeter system to provide specialized solutions for cross-border e-commerce advertisers in areas like ad creation and remarketing.
Focus Technology recently launched its new cross-border e-commerce AI product, 'Mentarc'. It aims to solve multiple challenges for global distributors and cross-border e-commerce sellers, such as product selection and source finding, through an Artificial Intelligence Agent (AIAgent).