China’s Cross-Border E-Commerce Grew Faster in First Quarter Despite Covid-19(Yicai Global) June 11 -- Cross-border e-commerce revenue in China was up 25 percent in the first quarter despite the Covid-19 pandemic, international payment service provider Payoneer said in a report today.
The United Kingdom, United States, France, Vietnam, South Korea and India all reported higher cross-border online sales for the period, the report added.
Covid-19 has led to more online sales and accelerated the transformation to digital worldwide, said James Huang, Payoneer’s general manager. The pandemic has led to issues with suppies and logistics, but sellers have managed to cope thanks to government aid and marketing adjustments, he added.
Editor: James Boynton
