HONG KONG SHOPPERS:The territory is a good market for Taiwan’s online stores to target because of the cultural and linguistic similarities, a company official said
Date: Oct 07, 2015
By: Lauly Li / Staff reporter
Yahoo Taiwan Holding Ltd (雅虎) yesterday launched a Taiwan-Hong Kong e-commerce
shopping platform, inviting about 1,000 online stores from Taiwan to explore business opportunities of cross-border online shopping.
“The cross-border platform can be successful as Hong Kong has tariff exemption for imports and the consumers there are very interested in Taiwan’s food and cosmetics,” Yahoo Taiwan’s e-commerce group vice president Jacky Wang (王志仁) told a news conference at the eCommerce Expo Asia in the Taipei World Trade Center’s Nangang Exhibition Hall.
Citing international research results, Wang said that the global business-to-consumer cross-border e-commerce market is expected to jump from last year’s US$230 billion to US$1 trillion by 2020. [FULL STORY]