Posts tagged with payments

Inline cross-border payments promote B2B development

October 31st, 2009

The number of domestic B2B e-commerce accounts has been close to 150 million. This reporter recently learned that this year service fees charged by the second quarter of B2B market are about 1.5 billion. To cope with more intense market competition, some medium and small B2B platforms passed the first online cross-border payments to actively promote the growth of e-commerce transactions and meet the needs of large businesses.

In terms of market share, Alibaba.com, GSOL.com, Madeinchina.com continues to stand in the first echelon of B2B e-commerce market in China. Alibaba.com service fees reached 916 million in the second quarter, GSOL.com and Madeinchina.com goes on respectively rank as runner-up and the third place with respective 95 million and 87 million costs of services.

Enterprise support passionately transactional e-commerce business. Analysis International’s analyst Rui-Xiang Li said that in the B2B vendors paid account quantity, Alibaba.com, Dhgate.com these KRX continues to lead the market. The number of Alibaba.com paid accounts was 528 thousand in the second quarter; Dhgate.com paid accounts was 47 thousand, which is to catch up with Alibaba.com, ranking the second.

Rui-Xiang Li thought, it is worth mentioning that Dhgate.com KRX is belong to transactional e-commerce, the number of their paid users had a substantial increase, indicating that for the vast numbers involved in B2B e-commerce enterprises, online publishing and accept the business information is only a means of e-commerce, while the realization of commodity trading is the most fundamental needs of businesses and meet the needs of large enterprises.

Cross-border payments promote B2B growth. Because expectation of Alibaba.com customers in of the growth rate will slow down, the investment bank Goldman Sachs has given Alibaba.com shares “sell” rating. Different from Alibaba.com and other fixed & charged registration mode, Dhgate.com and other small and medium B2B e-commerce platforms take the lead to charge commission by a certain percentage of the transaction amount, particularly emphasis on making use of cross-border payments to promote B2B growth in foreign trade transactions.

As a peer of Alibaba.com and Dhgate.com, Epathchina.com considers that Alibaba.com and Dhgate.com etc. as an online e-commerce platforms for foreign trade, all transactions involving cross-border payments. Their platform is currently responsible for the funds transfer and settlement, while taking advantage of foreign electronic payment company PayPal as a payment gateway at the same time. And Epathchina.com is also doing the same thing like them. Epathchina.com is always striving for keeping abreast with the leading peers.

Tax Planner and Legal Tax Advisor at low cost

July 21st, 2009

Taxation may involve payments to a minimum of two different levels of government – central government and local government. Central government revenues generally come from income tax, National Insurance contributions, value added tax, corporation tax and from some duties. On the other part, Local government revenues come from grant from central government funds, business rates and from different types of fees and charges.

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