After the establishment of the Pilot Free Trade Zone (“FTZ”) in Shanghai, what is the current state of the E-Commerce in the FTZ?
Q1. After the establishment of the Pilot Free Trade Zone (“FTZ”) in Shanghai, what is the current state of the E-Commerce in the FTZ?
A1. On November 18, 2013, the Buyeasi.com launched on a trial basis As a pilot cross-border e-commerce platform approved in the FTZ.
Q2. What is the background of the Buyeasi.com?
A2. Buyeasi.com was constructed by Orient Electronic Payment Co., Ltd, which owns the Easipay electronic payment platform and previously helped construct China’s electronic customs declaration system.
Q3. What is the main purpose for the construction of Buyeasi.com?
A3. In order to providing an online shopping platform for overseas e-commerce operators to sell directly to individual consumers located in China, Buyeasi.com is opening up a new era for cross-border e-commerce transactions in China.
Q4. What can the Buyeasi.com do?
A4. Buyeasi.com could build up a reliable and legitimate trading channel between foreign e-commerce operators and the consumers in China. Besides, it could also provide the Chinese consumers with lower tariff rates and transparent customs clearance processes.
Q5. What is the impact towards the global brands due to the establishment of the international E-Commerce?
A5. Since the E-Commerce provides many facilities and more efficient and accountable selling channel between Chinese consumers and foreign online sellers, the price advantage has been given to Chinese consumers. Thus, the global brands are advised to review and adapt their conventional brick-and-mortar store strategies to maintain the competitive advantages in Chinese retailing market.