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Globalization 2.0 starts from China

Online sales - a natural consequence of the combination of telematics and globalization - are growing in all countries, but the largest online market in the world is China.

Globalization 2.0 starts from China

China is set to be the world's largest e-commerce market this year. But its branch companies, from Jingdong Mall (the Chinese 'Amazon') to Vancl (clothing) are now experiencing a tight domestic market and have begun expanding abroad. The Jingdong Mall website in English has been present in 35 countries since October and sells around 400 products. Jingdong, which has also launched a site in Russian, intends to build warehouses abroad to shorten delivery times.

Vancl has moved part of the manufacturing of its garments to Vietnam and now online sales in that country are also growing. In Vietnam there are 24 million 'internet users' (there are 543 million in China).

Online sales – a natural consequence of the combination of telematics and globalization – are growing in all countries. In Australia, the protests of 'normal' shopkeepers recently reached Parliament, where a proposal is being debated to drastically lower, from 1000 dollars to 50 and perhaps 20, the limit on sales free from GST ('Goods and Services Tax', Australian VAT).

China Daily

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