Chinese Shoppers Join the Black Friday Frenzy via Cross-Border E-Commerce 🌐🛍️
Who said Black Friday is just an American thing? This year, Chinese shoppers are diving into the Black Friday shopping spree, thanks to the magic of cross-border e-commerce connecting the globe 🌏.
Black Friday spending in the United States saw a major boost online, showing that snagging deals from the comfort of your couch is totally the way to go 🛋️💻. Reports say that online shopping on November 29 hit a record-breaking $10.8 billion in sales 🤑, marking a 10% increase over last year and more than double the spending in 2017. Talk about shopping till you drop—virtually!
This online shopping surge isn't just a win for American consumers; it's also fueling the rise of Chinese cross-border e-commerce platforms. Companies like Shein, PDD's Temu, and TikTok Shop saw their sales skyrocket 📈 during the week leading up to Black Friday, according to Reuters.
These platforms offer a treasure trove of high-quality, affordable made-in-China products 🎁, delivered straight to doorsteps worldwide. The secret sauce? An efficient cross-border e-commerce ecosystem that includes bustling manufacturing hubs, smooth customs processes, and ever-expanding logistics networks 🚚.
Take Yiwu, for example—a city in eastern China known as the \"world's supermarket\" 🏬. It's buzzing with activity during Black Friday season. Wu Tingxuan, marketing director of a sports goods company there, shared, \"We've prepped a stock of 300,000 to 400,000 items, and we're hoping this major promotion boosts our revenue by 20% to 30% year-on-year during the period.\" Now that's the spirit! 💪
China boasts around 120,000 cross-border e-commerce export enterprises. In the first three quarters of 2024, the country's total cross-border e-commerce imports and exports grew by 11.5% year-on-year in value 💰. It's clear that borders are no barrier when it comes to shopping and sharing products across the globe.
So whether you're in Asia or Latin America, the Black Friday buzz is reaching you, bringing the world a little closer one online purchase at a time 🌍❤️. Happy shopping, amigos!
Reference(s):
Chinese shoppers join Black Friday as e-commerce bridges borders
cgtn.com
