Thai businesses ride China’s e-commerce wave, reveals ministry study

[snoop1130]

 

The rapid expansion of the e-commerce sector in China offers substantial benefits for Thai businesses, as revealed in a recent study by Thailand’s Ministry of Commerce. The study, released yesterday, highlights the potential gains from the surge in China’s cross-border e-commerce (CBEC) trade.

 

In a bid to streamline the cross-border sale of goods, the Chinese government has established 165 pilot CBEC zones across 33 cities and regions. These zones simplify the process of selling Chinese products on foreign websites and vice versa, the study elucidated.

 

Poonpong Nainapakorn, the director of the Trade Policy and Strategy Office (TPSO), underscored the significance of CBEC trading for penetrating Chinese markets in the report. He pointed out that it presents Thai entrepreneurs with an avenue for increased opportunities, thanks to advantageous tax provisions and expedited, straightforward customs procedures.

 

Poonpong also advised entrepreneurs to thoroughly assess the legal, geographical, and cultural aspects of their prospective Chinese clientele. He emphasised the importance of effective communication with potential customers, which requires aligning the platform with the product.

 

By Atima Homtientong

Caption: Picture courtesy of Bangkok Post

 

Full Story: https://thethaiger.com/news/business/thai-businesses-to-benefit-from-chinas-booming-e-commerce-sector-study-finds

 

-- The Thaiger 2023-09-13

 

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[realfunster]

11 hours ago, snoop1130 said:

These zones simplify the process of selling Chinese products on foreign websites and vice versa, the study elucidated.

The guy in the OP proclaiming the benefits for Thais must be a shill.

I think we all know whom this is going to benefit more…

[Srikcir]

12 hours ago, snoop1130 said:

potential gains from the surge in China’s cross-border e-commerce (CBEC) trade.

Based on my and others experience two Chinese partly-owned e-market platforms seem to dominate Thailand and other SE Asian countries online shopping:

• Shopee owned in part by Chinese multinational conglomerate Tencent Holdings., market leader in Thailand 2022.
• Lazada 83% Chinese owned, market leader in Thailand 2021