Choose the Best E-Commerce Solution For China Focused Business
China is no longer merely a developing country but a developed one. After the United States, China is the only country that could be considered a superpower. This status is due to the fact that China has always been focusing on improving the business sector for the last 2 to 3 decades. Due to this development, China has been witnessing an increase in the e-commerce industry. People have started embracing online shopping, and there is a sudden increase in the demand for e-commerce businesses. If you are in China and wish your online e-commerce business to thrive, you must focus on choosing the best e-commerce platform. So which are the best e-commerce solutions for starting your business in China?
In this article, we are sharing some of the best e-commerce platforms, which can be used to build a successful and thriving e-commerce business.
#1 The Most Effective E-Commerce Platform — Tmall Global
This e-commerce solution is offered by Alibaba, one of the globally largest e-commerce companies. It supports the function and operation of the B2C type of businesses. The most popular business brands, which have been using Tmall Global as their business solution are Apple, Nike, Sony, Siemens, Mercedes, and Costco. This e-commerce platform is specifically used for defining and exhibiting exclusive quality products. With the help of Tmall, a business can easily have its own customized storefront along with paid advertising features and a wide range of marketing/analytical tools.
To make use of the Tmall e-commerce business solution, there are certain eligibility criteria. The businesses wishing to register on this platform should fulfill the following criteria:
A business must have complete ownership of a brand along with a trademark. If not, the business should have an authorized brand distributorship.
The business or corporate sector must have a specified corporate identity outside mainland China.
The business must be qualified for conducting business for overseas retailing.
#2 The Most Efficient E-Commerce Solution: Jingdong Mall (JD)
Jingdong is popularly known by the name JD. It is an e-commerce platform that also provides support for B2C businesses. For instance, businesses that are similar to Amazon. Jingdong is giving a tough competition to Tmall being the most efficient e-commerce solution. With the use of Jingdong, the businesses or corporate sectors can easily function by selling products to the required consumers from warehouses in China. Jingdong is quite famous and is in demand because it is focused on providing only authentic products by following the essential business standards and policies. They make sure that there is no chance of counterfeit products being sold to the customers. Jingdong also provides a large number of business models so that different types of businesses can choose a business model based on their requirements.
#3 The Best E-Commerce Solution - Yihaodian (YHD)
Yihaodian or you can also refer to it as YHD, is yet another e-commerce solution that supports B2C businesses. It supports businesses like Amazon, and it is entirely owned and managed by American giant Walmart. The businesses that are involved in supplying or delivering different types of food and beverage products can make use of this e-commerce solution. If you want to make use of Yihaodian, the business must have a business license provided from China along with a Chinese bank account for conducting business transactions. Most importantly, the business must be incorporated legally in Mainland China.
#4 The Best E-Commerce Solution For C2C Business Models: Taobao
Similar to Tmall, Taobao is yet another important e-commerce solution that is owned and managed by the Alibaba Group. But unlike Tmall, Taobao is not designed for B2C business types rather, it is better suited for business models, which are functioning on C2C business structure. So, businesses that are similar to eBay can leverage the benefits provided by this platform and grow their business. But, every business owner must know that the Taobao e-commerce solution does charge any commission on the sales that happen through the platform. This is the best thing for the businesses, as they will get the entire profit share from the sales. Taobao can be used by small-scale businesses so that it would be easier for them to enter the Chinese business market.
Summary:
The e-commerce platform you decide to choose will be dependent on your budget, business requirement, and business model. Besides this, you will have to consider what type of Chinese market you planning to cater to. So make sure that you are aware of all the parameters and choose an e-commerce platform wisely.