Why can't Amazon, a cross-border e-commerce giant, open up the market in Hong Kong? What are the specific reasons?
1. Hong Kong has a high density of materials. Many residential buildings are even built on top of shopping malls. Things sold on Amazon can be bought downstairs. Even if they are farther away, they can be bought at a very close distance. This is "not needed"
2. Hong Kong is tax-free, so prices are low. Even if Amazon has an advantage in sales volume, its advantage in purchasing costs may not be as obvious as that of ordinary shopping malls. There is no price advantage and it needs to be delivered the next day, so it is better to go downstairs and buy it, so it lacks a lot of competitiveness.
3. Because Hong Kong is tax-free, you can buy any novelty items you need online from Amazon in the United States or any website around the world. The speed of shipping goods from all over the world to Hong Kong is generally faster (based on the fact that it only takes one week for a postcard from the United States to Hong Kong, but it takes a month to send it to China), so a wide variety of goods is not a good selling point.
4. The subway is well developed, convenient and fast. A shopping paradise, it is also the launch site for many new products.
To sum up, Hong Kong is not the best place for Amazon to make money as the labor cost is high. So Amazon took a step back in Hong Kong.
Now more and more domestic friends are engaged in cross-border e-commerce. How to reduce the payment fees is a very important thing, especially for sellers who are just starting to sell on Amazon. It is very important to choose the right payment tool. Finally, I would like to recommend a cross-border payment tool to everyone - Airwallex.
Airwallex was founded in Melbourne, Australia in 2015. It is committed to building a digital global financial infrastructure and providing smart and seamless cross-border payment solutions. Since its establishment, Airwallex has received over US$360 million in financing from top investment institutions, including Tencent, Sequoia Capital China, DST Global, Hillhouse Capital, Horizons Ventures, ANZi Ventures, Square Peg Capital, Gobi Partners and Salesforce Ventures.
Airwallex supports payment collection on 14 cross-border e-commerce platforms, including Amazon, eBay, Cdiscount, Real.de, Fnacdarty, B2W, Jumia, Linio, ManoMano, MercadoLibre, Wayfair, Newegg, eMag, and Allegro.
Cross-border withdrawals can be made on the same day at the earliest, with fees as low as 0%, up to 1,000 yuan in subsidies for activated accounts, and multiple benefits for registration!
Airwalex payment account registration portal: https://hub6.cn/IFTRlo
The above is the relevant content about Hong Kong Amazon. If you want to get more Amazon-related knowledge, please continue to pay attention!
