CBEC forum explores cross border e-com opportunities

27 Nov '15

3 min read

The 2015 Optics Valley Cross-Border E-Commerce Forum & “One Belt One Road” Summit that began in China's Wuhan city today is exploring the opportunities of cross border e-commerce with participation from Chinese as well as overseas enterprises, government and academia.

The two-day forum is being organised by the Wuhan municipal government and the department of commerce of Hubei province, undertaken by the Wuhan East Lake High-tech Development Zone administrative committee and Transn Internet of Language Technology Co. Ltd.

China is the largest e-commerce player both in B2B and B2C segments. After witnessing huge growth opportunities in domestic e-commerce, companies in China are now keen to explore opportunities in overseas market.

In 2014, global e-commerce sales hit approx. $1.5 trillion, and it is now booming in several emerging markets across the globe. However, the engines driving global e-commerce are shifting their strategies.

Established markets are witnessing a growth downturn, while emerging markets are now taking centre stage. In markets like the US and Western and Central Europe, online business growth is tailing off where saturation points are being reached. For the first time, China has now outstripped the US in e-commerce business, a trend largely driven due to young population and mobile commerce as well.

Over 300 professionals representing various Chinese companies are taking part in the summit, which was inaugurated by Wuhan local government officials. Representatives of well-known international e-commerce platforms, upstream and downstream enterprises in the cross border e-commerce industry, world's top e-commerce experts and scholars, government officials as well as officials from foreign embassies and consulate generals in China are also taking part in the summit.

Over the two-days, various sessions would be conducted, including discussion and analysis of key issues in cross border e-commerce, how to build fundamental service systems, how to resolve issues related to regulatory mechanism of trade and business, logistics issues, future trends of e-commerce, and agreements between countries.

The summit is also aimed at showcasing China as the top destination for cross border e-commerce.

As a leading B2B website for the global textile and garment industry, Fibre2Fashion.com was one of the invitees at the conference.

Fibre2Fashion News Desk – China

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