READ OTHER ARTICLES
As China's first super APP with more than 1 billion monthly active users worldwide,
Businesses have little time to quickly catch up to new rules that will roll out on January 1, 2019. Chinese officials have called for a complete regulatory system for ecommerce in China to regulate cross-border transactions. The Chinese Ministry of Finance announced the changes in November after the rules were adopted subsequent to a fourth reading at the bimonthly session of the Standing Committee of the National People’s Congress.
The changes are timely given that ecommerce sales in China accounted for 23.8 percent of all retail sales in the country and is expected to increase by nearly 10 more percentage points by 2019. Since ecommerce in China is growing so quickly, it is important that there is more meaningful oversight and regulation of the ecommerce industry.
The new rules will affect many cross-border purchases. It is important to understand these new regulations and how they will affect your business. The new cross-border e-commerce rules will present foreign companies with new opportunities to expand their business in China. However there are a few pitfalls you need to be aware of.
Because these rules can have such a dramatic impact on businesses who participate in cross-border purchases, it is important to work with a reputable e-commerce agency in Shanghai to ensure compliance with the new rules.
These changes usher in a host of benefits to consumers and businesses alike. How can you take advantage of these new opportunities for your business?
As mentioned earlier, the support of a web agency who has an in-depth knowledge of the Chinese market is pivotal in making sure your business comply with the new regulations.
Moreover, a web agency experienced in the Chinese market will help you to penetrate the Chinese market creating web solutions tailored to Chinese consumers, a critical step to succeed in China.
While many of the changes are welcome, there have been some concerns.
For example, the new rules may impact supplement and functional food firms. More goods will need to be registered with the CFDA before they are imported. CBEC goods such as food, milk powder health products and cosmetics will face tighter regulations amid complaints about these products.
Additionally, ecommerce platforms can be legally liable for selling fake goods on their platform. Failing to respond to reports of violations can result in significant penalties. Platform operators will need to complete due diligence to ensure that the products sold on their platforms will be in compliance with the new regulatory regime.
Working with a leading web agency in China may be able to minimize the impact of these pitfalls.
To optimize a website to meet the guidelines regarding ecommerce in China, it is essential to partner with the right professionals. QPSoftware has been operating in China for over ten years, and we have an in-depth understanding of Chinese consumers behavior.
QPSoftware is a Drupal expert in China or Magento expert in China who is specialized in building web solutions for the Chinese market. Moreover, we are PrestaShop official partners in China.
QPSoftware is located in Shanghai, and we can create ecommerce websites, WeChat app development, and mobile apps. We bring together a team of talented designers, developers, coders, marketers and project managers who use their individual unique skillsets to bring your vision to life. Contact us today to learn more about our services.
As China's first super APP with more than 1 billion monthly active users worldwide,