70% Female Annual Income Over RMB100,000 (US$14,500) 2014. Alibaba is extremely popular with Chinese consumers wanting to buy foreign brands cross-border, and now they want to draw Kiwi merchants to the platform. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. The portal makes it easier for sellers of all sizes to capitalise on burgeoning demand from Chinese consumers for high-quality imported products. By clicking “Accept”, you consent to the use of ALL the cookies. • China will become the largest retail market in the world this year with an estimated $5 trillion USD in sales. https://www.eventbrite.com/e/tmall-global-merchant-connect-2020-registration-109192724378, Digital Documentation and Virtual Access to Cultural Heritage, 7 Takeaways on the Future of Chinese Travel, China’s Golden Week 2020 Travel News Roundup, All Eyes On China’s First Post-COVID Golden Week, How Edinburgh Leads European Destination Marketing for China in 2020, What Overseas Brands Can Learn from China’s Restart: Three Webinar Takeaways. Copyright © 2016–2020 Jing Culture & Commerce. 23-28. Continuing our Marketplaces 2018 series, we look at Tmall Global which is part of the Alibaba group and offers international merchants access to China. Ant Financial announced low-interest loans for Tmall Global merchants… In the January-to-May period, China’s online retail sales grew 21.7% year-over-year. Tmall Global presents a growing opportunity for new foreign retailers looking to enter the Chinese ecommerce market. Tmall Global greatly simplifies the process for Chinese to purchase goods from overseas. Between an expanding middle class and an increase in discretionary income across multiple consumer demographics, the growth of consumption in China has been trending steadily upward in recent years. Now, they had launched a store on Tmall Global, allowing them to sell products from their warehouse in Sweden – directly to consumers in China. PAGE 3 (xxx) Overseas Flagship Store / Overseas Authorized Dealer / Overseas Shop (xxx).tmall.hk (minimum 4 characters) Storefront Type Storefront Sub-Domain Contract Dates of Validity Security Deposit Commission Fee Annual Fee . The easy-to-use portal will educate brands about Tmall Global and selling into the world’s second-largest economy, as well as allow them to apply to open a flagship store on the site, said Yi Qian, deputy general manager of Tmall Global. Tmall buyers assist you in selecting product assortment. - Low-interest and interest-free loans. In May, China’s online retail sales in May registered growth of 17.8% year-on-year, outpacing that of department stores, supermarkets and shopping centers, the ministry said. Previously, the process took many months. Merchants ensure delivery of goods to Tmalls warehouse in Los Angeles. Last year, Tmall Global also unveiled a new initiative called Tmall Overseas Fulfillment, which allows brands to place their products at a TOF warehouse for sale on the platform. With the new site, merchants will be able to make their pitch directly to Tmall Global. The portal allows foreign companies to sell their products directly to Chinese consumers without having a dedicated e-commerce presence inside Mainland China (which the Local portal requires). Previously, buyers had to know some English and have a credit card with access to foreign currency to purchase from overseas. Contract valid until 31 December 2014 US $25,000 for all Tmall Global merchants • Cross-border sales are on track to hit $184 million by 2021 and demand for imported growth is a key market driver in China. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. The cross-border model requires merchants no longer to have a legal entity in China nor hold stock in the country. Tmall Global then sells the products on its online store and handles delivery to end consumers. Nowadays, there is a huge boom in online shopping in China. As part of the TOF solution, the Tmall Global team provides brands with marketing advice and tools to help boost brand awareness. Apart from offering merchants assistance during the onboarding process, Tmall Global will advise merchants on optimizing their operations after they establish a presence on the platform, such as providing analytics to help merchants fine-tune their product assortment that best capture the taste of Chinese consumers. Tmall is the largest business-to-consumer (B2C) retail platform in Asia enabling businesses to sell directly to millions of consumers throughout China. 3 minute read Retail giant Tmall Global launched its first English-language website to attract more merchants and businesses from around the world to join China’s largest cross-border online shopping platform. Currently, TOF is available in the U.S., Japan, South Korea and Europe. 2015. Social distancing doesn’t mean we need to compromise on building connections or sharing knowledge and insights. The amount of annual fee is based on A-level categories and it is divided into two rates: RMB 30,000 and RMB 60,000. These cookies will be stored in your browser only with your consent. Tmall Global manages marketing and selling on the platform. Any Merchant operating on Tmall Global must pay an annual fee. The upward momentum has encouraged many international brands of all sizes, such as U.S.-based Evereden, Australian retailer Chemist Warehouse, Japanese cosmetics maker Kanebo and even Rwanda coffee vendors to expand their operations to China to capture the country’s bourgeoning demand for imported goods. Upaya-upaya ini dirilis setelah sebelumnya Alibaba Group dan perusahaan afiliasinya: Ant Financial mengumumkan 20 inisiatif untuk mendukung UKM di Tiongkok . According to China’s Ministry of Commerce, consumption is the biggest driver of the country’s economic development, accounting for more than 65% of gross domestic product growth in the first quarter of this year. Moreover, data also shows that online consumption continues to thrive as more Chinese consumers turn to their mobile phones to shop. As a Xinxilan merchant, you will benefit from: An opportunity to sell your products on Tmall Global - Alibaba's Global shopping platform, currently providing access to … An authorized store can be opened on Tmall if the merchant has the license to sell brand goods on their store. A Tmall storefront is essential to the China retail strategy of leading global businesses and the most effective avenue for China market penetration. E-commerce and m-commerce in China is booming and having a store on Tmall allows you to hit this thriving sector. China's largest cross-border eCommerce platform | Launched in 2014, Tmall Global (www.tmall.hk) is Alibaba Group’s dedicated channel for … What is Tmall Global? These cookies do not store any personal information. If you would like to learn more about Tmall Global before the meeting, please go to https://merchant.tmall.hk for additional information and brand case studies. Through Tmall global brands don’t need to keep the product in China Tmall Global says it plans to launch other versions in addition to English, such as Spanish, Japanese and Korean, in the future. Tmall Global Merchant Connect 2020 is a series of interactive virtual sessions designed to connect brands and suppliers directly with Tmall Global business development team in North America. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. According to the International Trade Association, online retail transactions totaled approximately $2.1 trillion. The arrival of increasing numbers of foreign goods coincides with the Chinese government’s pledge to bolster imports. All rights reserved. You also have the option to opt-out of these cookies. If it is a certified Tmall Global Partner TP, the TP must have the appropriate Assessment score to service the Brand/Merchant (Based on TP management team assessment) If TP does not qualify, the Merchant must decide if it will self-operate in partnership with their … Rising consumer spending power and enthusiasm for online shopping are driving businesses to tap into China. Around 14,500 foreign brands sell into Tmall Global, but more than 80 percent of those companies sold on the site for the very first time in 2016. But opting out of some of these cookies may have an effect on your browsing experience. The portal makes it easier for sellers of all sizes to capitalize on burgeoning demand from Chinese consumers for high-quality imported products. For cosmetics, the annual fee is RMB 30,000. In 2018, the number of new flagship stores on Tmall Global doubled from the previous year, and that growth is expected to accelerate further this year. Tmall provides a streamlined channel for overseas retailers to sell directly to Chinese consumers. Apart from offering merchants assistance during the onboarding process, Tmall Global will advise merchants on optimizing their operations after they … How to Sell on the new platform of Tmall Global ( merchant.tmall.hk ) and what are the opportunities for small and medium Brands? Tmall Global has launched its first English-language website to attract more merchants and businesses from around the world to join China’s largest cross-border online shopping platform.
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