Cross-border ecommerce in China soared to USD 220 bln in 2017

www.thepaypers.com

The Chinese buyer is the most sought after consumer in the world, and it is easy to understand why. A growing middle class, historically restricted from cross border commerce, now looking to travel and spend money abroad, made even easier via ecommerce. In 2017 67% of Chinese ecommerce consumers spent money from international sites, up from 34% in 2016, according to a study by Westwin. They spend $59 billion dollars in transactions on cross border platforms, with Alipay accounting for 91% of the transaction volume.

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