What is the definition of cross-border e-commerce? What are its characteristics?

Cross-border e-commerce is actually now well known to everyone. More and more people are pursuing higher quality of goods and have their own trusted brands, both domestic and overseas. So what is the definition of cross-border e-commerce?

1. What is the definition of cross-border e-commerce?

Cross-border e-commerce refers to an international business activity in which trading entities in different customs territories reach transactions, make payment settlements, and deliver goods and complete transactions through cross-border logistics. Cross-border e-commerce is divided into export cross-border e-commerce and import cross-border e-commerce from the perspective of import and export. It is divided into B2B cross-border e-commerce and B2C cross-border e-commerce from the perspective of transaction mode. According to the E-trade mode, cross-border e-commerce is divided into general cross-border e-commerce and E-trade cross-border e-commerce.

Cross-border e-commerce, or "cross-border trade e-commerce", refers specifically to cross-border Internet retail, such as export, foreign trade, micro-loan wholesale and B2C.

In fact, cross-border e-commerce can be said to be a transaction method in which the trading entities belong to different "customs territories", including import and export trade, relying on Internet technology to achieve transactions, conduct electronic payments, and use parcels, express delivery and other methods to deliver goods to customers through international freight. It is an international business activity.

Simply put, cross-border e-commerce refers to the circulation and trading of goods in different countries.

2. What are the characteristics of cross-border e-commerce?

1. Global

Cross-border e-commerce is a global transaction. The Internet has shortened the distance between different regions and allowed people from all over the world to participate in transactions.

2. Intangibility

Cross-border e-commerce uses the Internet to describe and trade goods, so you cannot touch the goods in person before purchasing them, and therefore cannot fully perceive the quality of the goods.

3. Anonymity

Transactions on cross-border e-commerce often do not display the consumer's real identity and geographic location, so it is equivalent to everyone being able to conduct anonymous transactions, and the seller does not know the buyer's real identity.

4. Immediacy

With the development of the Internet, online transactions are now often instant transactions and can be completed immediately.

Everyone can understand the definition of cross-border e-commerce after reading this. The characteristics of cross-border e-commerce are very obvious. Domestic e-commerce is limited to the domestic market, but cross-border e-commerce is global and can be traded worldwide.

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