Black Friday 2024 surpassed 465 million transactions globally, with payments totaling $31 billion, an increase of 12% over 2023, according to foreign media reports. Cross-border transactions for the event reached $3.2 billion, with Spain emerging as one of the key markets.

Recently, He Yadong, spokesman for the Ministry of Commerce, said at a regular press conference that digital trade has become a new trend in the development of international trade and a new growth point for economic development. In recent years, China's digital trade has been booming, and its scale has maintained rapid growth.2024 In the first three quarters, China's import and export of digitally deliverable services amounted to 2.13 trillion yuan, up 5.3% year-on-year; and the import and export of cross-border e-commerce amounted to 1.88 trillion yuan, up 11.5% year-on-year, both of which are at record highs.

promoting the development of cross-border e-commerce exports Recently, the General Administration of Customs announced that enterprises carrying out cross-border e-commerce export overseas warehouse business do not need to apply for the filing of the business model of export overseas warehouse with the Customs, and no longer implement the requirements of the General Administration of Customs' Announcement No. 75 of 2020 in the second paragraph under the item of "III. Enterprises shall also carry out the filing of export overseas warehouse business model in the Customs". Enterprises are still required to transmit electronic data of warehouse receipts to the Customs and are responsible for their authenticity.

South Korea's e-commerce market is growing rapidly and is expected to grow 10.2 percent to 164.3 trillion won ($118 billion) this year and top 220 trillion won by 2028, London-based global market researcher GlobalData said recently.

Recently, the Ministry of Commerce held a regular press conference, the spokesman introduced, in the first 10 months of this year, in RMB, China's total import and export amounted to 36.02 trillion yuan, a record high for the same period in history.

The Brazilian Association of E-Commerce (ABComm) forecasts that e-commerce turnover during Black Friday will reach R$7.93 billion, up 10.18% year-on-year, with orders expected to reach 10.7 million and an average price paid of R$738. Sales for the entire promotional period are expected to reach R$11.63 billion, about three times as much as in a normal online sales week.

Recently, Vietnam's parliament passed an important amendment to the tax code that requires foreign e-commerce platforms to pay value-added tax (VAT) and proposes to eliminate tax exemptions for low-cost imports.

Recently, the General Administration of Customs integrated business department head Lin Shaobin said in the State Council policy briefing, the General Administration of Customs will focus on "four promotion", to promote the implementation of policy measures.

According to the Customs cross-border e-commerce management platform data, from January to October this year, Fujian Province, cross-border e-commerce export transactions amounted to 145.66 billion yuan, an increase of 35.3% year-on-year, the value of exports ranked among the top four in the country. Among them, cross-border e-commerce exports from Fujian Province to the countries of "One Belt, One Road" increased by 71.1%, accounting for 54.7% of the total value of cross-border e-commerce exports from Fujian Province in the same period.

Dingdong Maicai has officially started its overseas expansion, with Saudi Arabia in the Middle East as its first stop. An insider of Dingdong said that Dingdong Maicai's overseas expansion model is mainly to sell pre-prepared dishes to local customers, and will also include fresh food, refrigerated food, and general merchandise.

Thailand's e-commerce market is expected to reach 1.1 trillion baht by the end of 2024, a 14 percent year-on-year increase, the CEO and co-founder of Thai price comparison site Priceza said recently at the DAAT DAY Advolution event. By 2027, this market will be the second-largest e-commerce market in Southeast Asia after Indonesia with 1.6 trillion baht (about $47.1 billion).

The time is right for industrial belts to go to sea! In recent years, under the policy support, " cross-border e-commerce + Industrial Belt" not only helps industrial belt enterprises to expand the global business opportunities, but also relying on digital integration to create a digital and efficient supply chain It also promotes the transformation and upgrading of enterprises, strengthens the construction of independent brands and enhances core competitiveness.

According to China Entrepreneur, WeChat's small programs are now accelerating overseas, lowering the threshold for overseas merchants, requiring only basic documents such as business licenses, and clarifying the qualifications of merchants. Overseas small programs have also developed functional components such as "get cell phone number" and "nearby" in an attempt to catch up with the overseas boom.

Brazil's e-commerce revenues during Black Friday 2024 will grow by 9.1% from 2023 and are expected to hit a new record of R$9.3 billion (about $1.64 billion), according to Neotrust Confi forecasts.

Cross-Border Commerce Europe has released the fifth edition of its "Europe's Top 100 Cross-Border E-Commerce Marketplaces" report, which shows that the entire European cross-border e-commerce market will reach €326 billion in sales in the fiscal year 2023-2024, of which 69% (or €225 billion) will come from the online market.