SHENZHEN, China, Aug. 3, 2016 /PRNewswire/ -- On August 3, DHgate.com, Facebook, Tencent, UnionPay, the New Zealand Post and over 150 APEC Business Advisory Council Members, industry players and academics united to form the APEC CBET Network, in order to address the need to provide capacity building to small-and-medium enterprises, so they can utilize cross-border e-commerce to access global markets.
According to research from McKinsey: 12% of the global goods trade is completed through digital platforms like e-commerce marketplaces, 361 million people shop via cross border e-commerce, and some 50% of the world's traded services are already digitalized. However according to the World Bank, in many emerging economies, the economic benefits of digital globalization have been limited by a lack of strong foundation such as education, infrastructure and good governance, which is why the largest players in the cross-border e-commerce ecosystem, academics, and ABAC members decided to align, to contribute the value they can offer, to address this problem.
Under the direction of APEC, the G20 business sector and DHgate, APEC Cross Border E-Commerce Training (CBET) Workshops have been held throughout the APEC region since 2013 and have already prepared over 1,000 SMEs to participate in cross-border e-commerce. CBET was also included in the 2014 and 2015 recommendation letters to APEC economic leaders. The Network has stated that its short term goals are to gather an alliance of industry experts to develop and frequently update training content on industry trends, best practices and case studies, then to localize and distribute the content throughout the region.
Dr. Cao Jiang, dean of the business school at Wenzhou-Kean University, presented the demo of the official APEC CBET eLearning platform, which is being developed by a team at Wenzhou-Kean University as a joint project between the APEC CBET Network, ABAC China and Wenzhou-Kean University. The first phase of the project is on schedule to be unveiled at APEC Lima in November.
Key speakers at the meeting included CEO of logistics provider the New Zealand Post Mr. Brian Roche; Chief Business Development Officer of Unionpay Mr. Wang Lixin; Head of Public Policy in Asia for Facebook Ms. Elizabeth Hernandez and DHgate.com's top seller Mr. Tom Chen from the Shenzhen Value In Action Technology Co. Ltd, who testified how moving his traditional trading company online changed his life.
DHgate.com is the first to market and the biggest transactional cross-border B2B e-commerce marketplace in China, aiming to provide global buyers with quality products at competitive prices. Founded in 2004, DHgate.com has approximately 10 million global buyers from 230 countries and regions, with 1.2 million global sellers offering 33 million products. DHgate.com's business enables buyers to directly access global manufacturers of the world's top brands with rich product selections. DHgate.com is an all-in-one platform with integrated services for international logistics, cross-border payments, internet financing, etc. DHgate.com's US product distribution warehouses allow for 24 hour delivery and convenient product returns & refunds, bringing great convenience to buyers at http://www.dhgate.com.