"Starting from March this year, the special team of Duoduo Overseas Support Plan will go into 100 domestic high-quality industrial belt successively in Guangdong, Fujian, Zhejiang, Jiangsu, Shandong, Hebei, Anhui, Shaanxi, Sichuan, Hubei, etc., comprehensively promote manufacturing enterprises to expand the market overseas, accelerate digital transformation and upgrading, and better participate in international competition." Pinduoduo cross-border e-commerce business related person said.
Citic Securities pointed out that with strong policy support and complete supporting service system, China's cross-border e-commerce market share is expected to continue to grow. The market size of China's cross-border e-commerce market is expected to reach 2.95 trillion yuan in 2024, and its share in the global e-commerce market (excluding China) is expected to increase from 8.6% in 2021 to 13.1%. Based on the successful practice of mature e-commerce model in China, I am optimistic about the capability output of domestic head platform based on its own advantages and the potential valuation increment brought by the company.
