Meng Hu: Emerging countries are important markets for foreign trade dealers

April 3 News, DX CEO Meng Hu in the Ninth China SME Conference on Electronic Commerce, clearly pointed out that emerging countries are important market for foreign trade, now cut into the emerging market is the future developed and mature markets.

However, Meng Hu special mention of the current problems of many enterprises: one-sided imagination of their own enterprises can do business like in China, a lot of ideas, products, electric business ideas to the target countries.

He believes that each country has its own industrial industry, if it is to rely on China's rules of the game to guide these countries, it is likely to backfire, the local will be a relatively high barrier to block everyone outside the door.

"In doing a national business promotion must be the same." When DX made the Brazilian market, it carefully studied some of their local focus activities and some holiday situations. "Meng Hu said.

It is understood that this Congress held in Henan. The theme of the conference is "great change, a new era of cross-border electricity merchants", which brings together over 1000 Cross-border electric Shangping Taiwanese, independent stations, suppliers and service providers.

DX CEO Meng Hu

The following is a transcript of the speech:

Moderator: Thank Liang. When the last part of this morning was shared, Mike Group's Kangjian always said that when he was doing foreign trade, he would specialize in countries sanctioned by the assets of the state, less than 45% of the profits do not do. Do you think there is such a high profit? Are there any such high profits among cross-boundary power suppliers? What are the familiar opportunities and challenges of the Russian market and the Brazilian market? Next, we are very honored to invite the CEO of the listed company DX, Mr. Meng Hu, to share with us.

Meng Hu: Good afternoon, ladies and gentlemen! Thank you very much for your enthusiasm!

DX is an operating base in Hong Kong and Shenzhen, the main business of Cross-border business. So from this point of view, the topic of sharing today may not necessarily mean like PayPal just introduced, to be able to work with all of you at once on a certain line of business, but I think there are a lot of interesting things in this industry that can be used as some experience or some cases to share with you.

Here I give some trends of some changes in the size of the global market. In this regard, we can first see a more typical phenomenon, in fact, although North America and Western Europe as a power-market mature countries, their possession of the markets in recent years has not been big, but it will be some Asia-Pacific, similar to South America, Eastern Europe, such as some countries to the market share of the In addition, we can see a more exciting trend in the upper right corner, which means that China's world factory is becoming more and more stable. I have read a report before, the world about 3,000 categories of products, China in the intermediate products have occupied the world's first. It is four or five times times higher than the third place in the second place, so the world is using Chinese-made products, but what China needs now is a good way to deliver our products to his target customers as quickly as possible.

What is the choice of our target customers? You may now think of the more purchasing power of the United States, Europe but in fact this trend is changing, and often say you look at it is a big market, the local competition has become a red sea. As electronic commerce, we have to follow the line, and our local country's e-commerce to compete, so we do not necessarily aim at Europe and the United States such a more competitive market. I did not arrive in the morning, just heard a guest in the morning mentioned that we can choose the relatively blue sea, high profit margin of the emerging countries market, there is sufficient development potential, but not to the developed countries of the level of electricity, as I will give a lift today, Brazil and Russia examples, It is also said that there are more than 10 countries that have more potential.