DX Meng Hu: The position of China's world factory is growing steadily

April 3 News, at the Ninth China SME E-commerce Conference and the 2014 China (Henan) cross-border Trade e-commerce Summit, DX CEO Meng Hu A detailed analysis of emerging markets, pointing out that in today's cross-border electricity business environment, North America, Western Europe as a mature country, the market share has not actually expanded, Instead, the Asia-Pacific, South America and Eastern Europe are constantly compressing.

DX CEO Meng Hu

Meng Hu points out that China's world factory is becoming more and more stable, and there are about 3,000 products in the world, with 1400 categories in China topping the list. What China needs is a good way to deliver the product to the target customers as quickly as they could.

So why does Brazil become the emerging market for foreign trade? Meng Hu said that Brazil's economic development has steadily increased, the overall scale of E-commerce has been expanding, product imports continue to increase. But the Brazilian people's shopping pain point is the ordinary goods extremely expensive, would rather fly to the United States Miami buys an iphone, also does not want to buy locally. It is easy for consumers to accept products from other countries that have long distribution time but lower prices.

However, Brazil's logistics is very problematic: small packet slow, high rate of loss, express expensive, the possibility of receiving tariffs is high, local positions are very difficult to open, from nearby countries, the use of South American Free Trade agreement air cargo into Brazil also has operational complexity. Of course, some South American logistics companies are now proposing possible solutions.

In terms of payment, Meng Hu says Brazilian locals still take credit cards, but pay a portion of the tax. The local people's main online payment method is the Ebanx Boleto, is also the local people to pay the water and electricity expense and so on life Fermi main way. DX joined the Boleto payment method in 2013 and received good results.

In addition, Meng Hu pointed out that the understanding of Brazilian festivals can be targeted to produce appropriate marketing activities. This is also the practice of localizing Web sites in addition to using local languages.

Another hot emerging market is Russia. According to Meng Hu, this is a high it country, the population is concentrated, also does not have an absolute advantage of the electric business platform. The penetration rate for mobile internet users in Russia is second only to China in the BRIC countries, with reports predicting it will surpass China in 2014 years: 74% of the population is mobile users, 15,000,003 g users, 25% users are using Smartphones (2012) to access the network and 43.9 million mobile internet users.

According to its introduction, online payment of this piece, the current major payment methods in Russia are credit cards, PayPal, Qiwi, Yandexmoney, WebMoney.

In addition, other emerging markets, including India, Argentina and so on, these countries are still in the initial stage of the electricity business, the Chinese foreign trade is the opportunity and challenge.

Finally, Meng Hu concludes that emerging countries are an important market for the growth of foreign trade enterprises. Without the impact of big national policy factors, emerging countries will continue to maintain robust product demand for a long time to come. Looking to the future, now the emerging countries, is the later developed and mature markets. Early to get familiar with the rules of the game, immature imperfect means high risk and high return coexist.