For the first time eBay has undertaken research on APEC member economies to determine the reach and impact of Internet-enabled trade for eBay sellers.
Cross Border Trade represents 22% of eBay Inc’s business. Our cross border trade grew 26% year on year, representing $13 billion in sales. Bay apps are available in forty languages.
eBay is one of the world’s largest enablers of commerce, providing an online marketplace and an online payment platform for SMEs across APEC. In 2012 alone it enabled $175 billion of commerce.
A majority of these enablers are SMEs who are also active exporters. eBay commercial sellers based in China export to an average of 63 countries around the world! It’s the highest number among all APEC member economies. This creates further job opportunities and propels economic growth.
In other APEC member economies the figure is equally impressive, and includes Korea (57), Hong Kong (57), Taiwan (48), and Thailand (45).
These small businesses are able to export, due to low barriers to entry created by Internet platforms. Instantaneously they can list an item and to sell to more than 145 million global buyers. They do not need to have a physical stockpile, or physical address, nor limited by geography.
Through the power of the Internet and technology, small businesses like never before are able to reach beyond a local consumer base and access global markets.
Commerce 3.0 is the term we have used to capture this development of online and offline worlds coming together and the merging of local and global markets. The idea that technology-enabled small businesses can maintain a local presence while providing goods and services on a global scale is a novel and exciting story, particularly for those engaged in trade policy.
International trade has traditionally been the privilege of the largest players. This is changing. The Internet creates a truly global network. If you combine it with technology solutions and services, you enable merchants and consumers to connect and establish trust across national and cultural borders.
The analysis is based on research by Sidley Austin LLP on two datasets from eBay and PayPal, respectively, and follows research conducted in Asia Pacific, United States and Europe.
The eBay data covers all eBay sales by Taiwanese sellers from 2007 to 2013. eBay “Commercial sellers” are defined as those with annual sales of USD10,000 or more.
The PayPal data contains data for PayPal Taiwanese commercial sellers from 2007 to 2013. PayPal commercial sellers are those with annual receipts of USD50,000 or more.
Internet-empowered small businesses and entrepreneurs are able to overcome some of the traditional barriers associated with international trade. But some barriers still remain while new arise as large corporations are joined by small firms and entrepreneurs on the global stage.
This report will provide several ideas for consideration to overcome these challenges.
Through the power of the Internet and technology, small businesses like never before are able to reach beyond a local consumer base and access global markets.
Commerce 3.0 is the term we have used to capture this development of online and offline worlds coming together and the merging of local and global markets. The idea that technology-enabled small businesses can maintain a local presence while providing goods and services on a global scale is a novel and exciting story, particularly for those engaged in trade policy.
International trade has traditionally been the privilege of the largest players. This is changing. The Internet creates a truly global network. If you combine it with technology solutions and services, you enable merchants and consumers to connect and establish trust across national and cultural borders.
The analysis is based on research by Sidley Austin LLP on two datasets from eBay and PayPal, respectively, and follows research conducted in Asia Pacific, United States and Europe.
The eBay data covers all eBay sales by Taiwanese sellers from 2007 to 2013. eBay “Commercial sellers” are defined as those with annual sales of USD10,000 or more.
The PayPal data contains data for PayPal Taiwanese commercial sellers from 2007 to 2013. PayPal commercial sellers are those with annual receipts of USD50,000 or more.
Internet-empowered small businesses and entrepreneurs are able to overcome some of the traditional barriers associated with international trade. But some barriers still remain while new arise as large corporations are joined by small firms and entrepreneurs on the global stage.
This report will provide several ideas for consideration to overcome these challenges.