BEIJING, Sept. 23, 2016 /PRNewswire/ -- September 11, 2016 at the CAEXPO in Naning, China, founder and CEO of China's leading transactional B2B e-commerce company DHgate.com Diane Wang, was named as Vice Chairperson of the China-ASEAN Entrepreneurs Confederation to the ASEAN economies, to support the creation and implementation of e-commerce infrastructure and a favorable regulatory environment where e-commerce can flourish throughout the region.
The ASEAN region is primed to become the next big e-commerce market in Asia, however according to AT Kearney, e-commerce currently only accounts for less than 1% of retail sales in the region, but could grow up to as much as 25% annually. Consulting firm Frost and Sullivan estimates that revenues in the region will likely exceed $25 billion by 2020, up from $6 billion in 2016.
Diane Wang, who is an e-commerce industry influencer in China, not only founded DHgate.com, Chinas largest transactional B2B online marketplace, but also previously co-founded and served as CEO of Joyo.com, which was China's largest domestic transactional B2B platform and is now present day Amazon China.
The development of e-commerce, especially cross-border e-commerce is closely related to policy and the regulatory environment for business. ASEAN hopes to follow the example of China, who created many policies that empowered e-commerce platforms to provide infrastructure for sellers, and then for sellers to utilize that infrastructure to distribute their products, not only to Chinese citizens, but to buyers all around the world.
Wang said, "the global digital generation is coming, the digital economy already represents 22.5% of the entire global economy, this year China brought the concept of a 'global digital economy' to the G20 platform for the first time, and emphasized that cross-border e-commerce has become the new growth-engine of the global economy, I am confident that the ASEAN region will become the world's next e-commerce powerhouse."
DHgate.com is the first to market and the biggest transactional cross-border B2B e-commerce marketplace in China, aiming to provide global buyers with quality products at competitive prices. Founded in 2004, DHgate.com has approximately 12 million global buyers from 230 countries and regions, with 1.4 million global sellers offering 40 million products. DHgate.com's business enables buyers to directly access global manufacturers of the world's top brands with rich product selections. DHgate.com is an all-in-one platform with integrated services for international logistics, cross-border payments, internet financing, etc. DHgate.com's US, UK, Spain, and UAE product distribution warehouses allow for 24 hour delivery and convenient product returns & refunds, bringing great convenience to buyers at http://www.dhgate.com.
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