Want China Times
China has set its sights on the fast growing e-commerce market, coming up with
measures to push for integration between foreign trade and the new business model to sell more products worldwide.
Taiwan should follow in China’s footsteps by helping its small and medium enterprises and young entrepreneurs to seize the opportunities offered by e-commerce that have benefited millions of small vendors on the other side of the strait.
Taiwan helped China become the world’s factory. Now China is becoming the world’s retail store and shopping online is the norm for millions of people. According to research by Morgan Stanley, global e-commerce sales accounted for only 4% of the world’s total retail revenue in 2008, but the percentage rose to 6.5% in 2012. It forecast that the figure is likely to overtake 9% in 2016.
A Nielsen report said sales generated through cross-border e-commerce could rise by approximately 300% from 2015 to 2018, indicating that the pace of the e-commerce growth will be very rapid. [FULL STORY]