Transactions of China's cross-border e-commerce exceeded US$654 billion in H1 2018. The export business accounted for 77.1% while B2B took 84.6% in shares by transactions.
Transactions of cross-border e-commerce totaled 4.5 trillion yuan (US$654.08 bn) in the first half of 2018 (H1 2018), up by 25% year-on-year.
The export business accounted for 77.1% of the total cross-border e-commerce market.
In terms of business model, B2B took 84.6% in shares by transactions while B2C took just 15.4% in shares.
Export cross-border e-commerce made 3.47 trillion yuan (US$504.37 bn) in transactions, an increase of 26% year-on-year.
By comparison, the transactions of import cross-border e-commerce totaled 1.03 trillion yuan (US$149.71 bn) in H1 2018, an increase of 19.4% year-on-year, which was estimated to reach 1.9 trillion yuan (US$276.17 bn) by the end of 2018.
There are 75 million cross-border e-commerce buyers in China as of June 2018. This figure is e...
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