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Amazon deal with Hangzhou zone to boost cross-border ecommerce

Monday 16 May 2016 10:01 CET | News

Amazon has made an agreement with the cross-border ecommerce pilot zone in Hangzhou, east China`s Zhejiang Province, to let Chinese traders to sell to its customers worldwide.

Zhejiang province is ready to make use of cross-border ecommerce to improve trade, which accounted for 0.9% in the Q1 of 2016. Exports increased with 0.3% in the same period, business-standard.com reports.

Chinese merchants will soon be able to sell their commodities in 185 countries and regions using Amazons online marketplace. Cross-border sales account for nearly one fourth of total revenue from third party merchants in Amazons global marketplaces. The number of Chinese traders there doubled in Q1 compared to 2015.


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Keywords: Amazon, Hangzhou, China, traders, ecommerce, crossborder ecommerce, Customers, commodities
Categories: Payments & Commerce
Companies:
Countries: World
This article is part of category

Payments & Commerce