Overseas firms want better ways to test market demand, launch products and scale up in China. They want to engage and acquire customers and then retain them, boosting their lifetime value successfully.
TIME TO ENJOY THE DUTY EXEMPTION
The Chinese government has released a new series of cross-border eCommerce regulations that have significantly increased Chinese citizen overseas online shopping tax reduction allowance from 20,000 RMB to 26,000 RMB (around US$ 4000) per year. Those regulations satisfy Chinese customers increasing demand for high-quality products from overseas. Instead of the traditional importing, the duty of the Cross-border eCommerce reduces 80%. Huge duty & tax reduction means lower marketing selling price and higher profit.