July 6, 2015
This article originally appeared on the eBay Inc. blog on June 26, 2015
By John Donahoe
This report details how small online businesses across six Southeast Asia countries – Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam - are using the eBay ecommerce marketplace to successfully sell to consumers in hundreds of export markets each year, contributing to important national efforts to use exports by small and medium-sized enterprises (SMEs) to help bring balanced and inclusive economic growth. The data on eBay and its role as a powerful export platform highlights how it is uniquely positioned to offer independent SMEs in the region ecommerce export o
This report explores how eBay provides a vibrant digital marketplace that is a level playing field enabling cross border trade by small businesses across India. Small online businesses across India are using the eBay marketplace to successfully sell to consumers in hundreds of export markets each year, contributing to national and state efforts to foster balanced and inclusive growth through exports. The report also provides insights into the phenomenon of new enterprise creation and establishment in India, a key indicator of business and economic dynamism, and highlights some state-level export development priorities that eBay-enabled small business sellers are helping to achieve.
The Association of South East Asian Nations (ASEAN) comprise diverse economies with significant variance in the adoption of eCommerce. eBay sellers from ASEAN export using eBay’s global platforms. Through the power of the Internet and technology, small businesses are able to reach beyond a local consumer base and access global markets like never before.
Commerce 3.0 is the term we use to describe this coming together of online and offline worlds 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 points to a novel and exciting story, particularly for those engaging in trade policy. International trade has traditionally been the privilege of the largest players. This is changing. The Internet creates a truly global network. Combining it with technology solutions and services enables merchants and consumers to connect and establish trust across national and cultural borders.
The analysis in this report is based on research by Sidley Austin LLP on datasets from eBay, and follows research conducted in the Asia Pacific, United States and Europe. eBay data covers all eBay sales by ASEAN sellers from 2014 (unless specified otherwise). ‘eBay Commercial sellers’ are defined as those with annual sales of USD10,000 or more, and eBay commercial exporters are those with annual exports of USD10,000 or more.
Most eBay internal data focuses on six ASEAN members: Indonesia; Malaysia; Philippines; Singapore; Thailand; and Vietnam. For the purposes of this report, traditional trade and exports is predominately offline trade. Internet-empowered small businesses and entrepreneurs are able to overcome some of the traditional barriers associated with international trade. However some barriers remain while new ones arise as large corporations are joined by small firms and entrepreneurs on the global stage. This report will provide several recommendations for consideration to overcome these challenges.
Through the power of the Internet and technology, small businesses are able to reach beyond a local consumer base and access global markets like never before.
Commerce 3.0 is the term we use to describe this coming together of online and offline worlds 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 points to 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. Combining it with technology solutions and services enables merchants and consumers to connect and establish trust across national and cultural borders.
The analysis in this report is based on research by Sidley Austin LLP on two datasets from eBay and PayPal, respectively, and follows research conducted in the Asia Pacific, United States and Europe.
The eBay data covers all eBay sales by Hong Kong sellers from 2007 to 2013. ‘eBay Commercial sellers’ are defined as those with annual sales of USD10,000 or more.
The PayPal data relates to PayPal Hong Kong commercial sellers’ transactions 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 remain while new ones 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 are able to reach beyond a local consumer base and access global markets like never before.
Commerce 3.0 is the term we use to describe this coming together of online and offline worlds 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 points to 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. Combining it with technology solutions and services enables merchants and consumers to connect and establish trust across national and cultural borders.
The analysis in this report is based on research by Sidley Austin LLP on two datasets from eBay and PayPal, respectively, and follows research conducted in the Asia Pacific, United States and Europe.
The eBay data covers all eBay sales by Hong Kong sellers from 2007 to 2013. ‘eBay Commercial sellers’ are defined as those with annual sales of USD10,000 or more.
The PayPal data relates to PayPal Hong Kong commercial sellers’ transactions 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 remain while new ones 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.
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.