SMEs are the foundation of almost every nation's economy. SMEs employ at least 70% of workers in the majority of countries, make up 80% of net job growth, and contribute over 50% of GDP in almost all major economies. Over 10 million new jobs could be created if these barriers to entrepreneurial ecosystems are removed.
'How Cross Border Ecommerce Solves SMEs Problems'
Many SMEs do not have access to finance because they lack credit information and adequate assets to guarantee credit. This is accentuated by the $3.9 trillion worldwide unmet demand for credit. Now with the innovative release of internet finance, SMEs can access finance by leveraging transactional data and supply chain information accumulated on cross border ecommerce platforms. Financial institutions can then analyze and determine risk based on this information, which would allow them to provide loans and other financing services to SMEs.
Additionally, SMEs are less likely to enter the global market due to high operational costs such as logistics; lack of skills, talents and capital; and of course the fear of not being able to compete with large multinational firms. SMEs can access over 230 countries and regions by simply registering on cross border ecommerce platforms, and immediately starting to do business with clients worldwide, without worrying about logistics, payments, or customer service.
'Ms. Diane Wang'
Ms. Diane Wang, SME and women's rights advocate, not only serves as a B20 representative but also on the APEC (Asia Pacific Economic Cooperation) Business Advisory Council (ABAC) as a member of the ABAC SME Working Group and Co-Chair of the APEC Women's Forum. Before founding DHgate.com, Ms. Wang was founder and CEO of Joyo.com, which later became Amazon China. If you have any questions or to schedule an interview with Ms. Wang, please contact firstname.lastname@example.org or call +86-10-8202-8870 x2398.
DHgate is the oldest and the biggest transactional cross border B2B e-commerce marketplace in China. We aim to provide global buyers with quality products at competitive prices. Founded in 2004, DHgate.com has approximately 10 million global buyers from 230 countries and regions, with 1.2 million global sellers offering 33 million product listings. Try it yourself at http://www.dhgate.com
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/how-dhgatecom-ceo-and-apec-will-empower-smes-worldwide-to-enter-global-markets-300220497.html