Sunday, October 23, 2016

Cross-border e-commerce a boost for China-Turkey ties

Xinhua - 2016-10-15

BEIJING - Cross-border e-commerce is now playing a bigger role in China-Turkey economic ties as bilateral trade struggled with sluggish global growth and Turkey's domestic turmoil.  "We saw opportunities despite the crisis and expanded our business in Turkey while others adopted a wait-and-see approach, following a failed military coup in July and the ongoing civil war in neighboring Syria," Hou Yibing, BD manager for Turkey of, a leading Chinese cross-border B2B e-commerce platform, told Xinhua on Friday.  "Our moves were bold, but should not be considered foolhardy, since we had undertaken a raft of research for our Internet-based business," said Hou, taking note of the growing number of e-commerce users and online sales revenue in Turkey.  It is estimated that there are 15.42 million e-commerce users in Turkey, accounting for one third of its total online community or about a fifth of its population, according to Hou.  World Bank data from 2015 showed that over 57 percent of Turkish are Internet users, making it the world's 18th in number terms and its Internet penetration rate is the seventh highest.  Turkey's Internet penetration rate grew over 10 percent for both 2014 and 2015, showing great development potential of its Internet industry.