Hong Kong Stock Concept Tracking | Cross-border e-commerce platform Temu is sweeping the world. The cross-border e-commerce space is vast. (Concept stocks attached)

Based on data analysis from Sensor Tower in the United States, in August, the number of users of Temu's application ranked third among major e-commerce platforms, reaching 91% of the number of Amazon users. The number of Temu users is expected to surpass Amazon, which has been established for 30 years, within the year.

According to Nikkei News, the cross-border e-commerce platform Temu originating from China is sweeping the world. The number of users is rapidly catching up with the American e-commerce giant Amazon. Statistics show that in August, the number of users of Temu's application has reached 91% of Amazon's user base, and it is expected to surpass Amazon within the year. In Europe, out of 30 countries, 28 countries prefer Temu over Amazon.

On October 9th, Left Xiaolei, a consultant of the China Cross-border E-commerce 50 Forum and former chief economist of Galaxy Securities, stated at the 2024 Global Cross-border E-commerce Annual Conference sub-forum that China's cross-border e-commerce transaction volume is growing at a double-digit rate annually, and it is expected to maintain this growth rate in the next two years.

Currently, the development of China's cross-border e-commerce is gradually transitioning from a extensive distribution model to a vertical category brand development, becoming an important breakthrough in promoting the transformation and upgrading of foreign trade and creating new economic growth points.

According to data from the Chinese government website and People's Daily citing China Customs data, in 2023, China's cross-border e-commerce export volume was 1.83 trillion yuan, a year-on-year increase of 19.6%; in Q1 2024, China's cross-border e-commerce export volume was 448 billion yuan, a year-on-year increase of 14%.

The improvement of policies supporting the development of cross-border e-commerce, the advancement of pilot zone construction, and the continuous release of the demographic dividend of higher education students in China will lead to the inevitable trend of high-quality R&D and brand marketing enterprises in e-commerce going global and globalizing their layout, which will be a major trend in the future development of international trade, indicating broad prospects for the development of China's cross-border e-commerce.

Haitong Securities released a research report stating that currently, the development of China's cross-border e-commerce is gradually transitioning from a extensive distribution model to a vertical category brand development, becoming an important breakthrough in promoting the transformation and upgrading of foreign trade and creating new economic growth points.

Related Cross-border E-commerce Companies:

ZIBUYU (02420): One of the largest B2C cross-border e-commerce companies in China, mainly sells clothing and footwear products through third-party e-commerce platforms and self-operated websites. While consolidating the advantages of core channels, ZIBUYU has also focused on developing new sales channels such as Temu and Tiktok, achieving outstanding results in stages. In the first half of the 2024 fiscal year, the company achieved revenue of 1.462 billion yuan, a year-on-year increase of 6.31%; net profit of 91.365 million yuan, a year-on-year increase of 789.11%; and basic earnings per share of 0.18 yuan.

EDA Group Holdings (02505): Easy Data Cloud is a B2C cross-border e-commerce supply chain solution provider, offering end-to-end solutions for e-commerce sellers. The company adopts a light-asset model and has established partnerships with over 60 third-party warehousing suppliers, 300 international freight forwarding service providers, sea and air carriers, and 80 local "last-mile" fulfillment service providers