Amazon targets Chinese demand for overseas shopping with Prime launch - News Summed Up

Amazon targets Chinese demand for overseas shopping with Prime launch


Chinese shoppers have been driving a boom in "cross border" shopping with high demand for products, from infant formula to luxury handbags, bought through online platforms like Alibaba's Tmall International and via informal "daigou" shopping agents. Amazon, which dominates online shopping in the United States, is a bit-part player in China, lagging far behind market leaders Alibaba and JD.com. Alibaba and JD.com have also been expanding their cross-border offerings to link Chinese shoppers with global sellers. Under the Prime service, Chinese shoppers would pay 388 yuan (US$57.23) for a year-long subscription, which would give them access to unlimited free international shipping on orders over 200 yuan (US$29.50). (US$1 = 6.7796 Chinese yuan renminbi)


Source: The Edge Markets October 28, 2016 10:08 UTC



Loading...
Loading...
  

Loading...

                           
/* -------------------------- overlay advertisemnt -------------------------- */