Shenzhen rides e-commerce wave as globally popular apps fuel cross-border trade ...Middle East

But for now, e-commerce businesses are cashing in on overseas demand. In the first quarter, the value of such trade in Shenzhen exceeded 110 billion yuan, a year-on-year increase of 95 per cent. That total represented half of Guangdong province’s, and about one-fifth of the nation’s, for the period, according to a report last month by state broadcaster CCTV. The massive increase in such sales continued a trend from 2023, when Shenzhen’s cross-border e-commerce reached 326.53 billion yuan for the whole year – up 74.4 per cent over 2022. “Shenzhen has seized opportunities in the updated global industrial division of labour, and it has aligned its industrial structure more closely with the de

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Shenzhen rides e-commerce wave as globally popular apps fuel cross-border trade ...Middle East

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