SOHU reported that 222,855 Chinese EVs were exported overseas in 2020, of which 72,677 were exported to Europe, an increase of 211% year-on-year. Many Chinese EV makers are eyeing the European market. Europe is buying electric vehicles at a record pace and it is the world’s biggest EV market, as consumers are encouraged by government subsidies and dozens of new hybrids.
Read MoreSoutheast Asia’s e-commerce industry has seen rapid growth in the pandemic period. According to STATISTA, the market in Southeast Asia was expected to be worth USD 172 billion by 2025. There’s also a growing trend that some technology companies are developing cross-border e-commerce SaaS systems designed to help global e-commerce companies to better serve the world.
Read MoreThanks to the rise of social media, China’s entertainment industry is busily expanding overseas. As China’s domestic market has grown fiercely competitive, the investment required to build a user base in China has become so high that Internet companies would need to consider expanding to other markets.
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