Amid intensifying global inflation and interest rate hikes by central banks worldwide, the foreign exchange market has experienced significant volatility, causing losses for cross-border e-commerce. On August 23, KVB Prime and FundPark co-hosted a roundtable live-sharing event themed "Major Shifts in the Global Economy: How Cross-Border E-Commerce Can Navigate the New Landscape." The broadcast lasted over an hour and attracted more than a thousand online viewers. The event featured a rich program. In the first half, the guests exchanged views on multiple aspects such as current market conditions, the ecosystem, cross-border payments, and the funding chain, while also exploring development opportunities in the Southeast Asian market. The second half included a Q&A session for guests to interact with the online audience. In addition, viewers on the day could instantly receive live-stream benefits from the various co-hosting organizations.
The guests at this event included cross-border e-commerce KOL sellers and heavyweight industry representatives, among them the President of the Shenzhen Cross-Border E-Commerce Association, a KOL seller and founder of Donghai Association, KVB Prime's Head of Solution Sales, and FundPark's President of China. During the discussion, the guests cited a wealth of macroeconomic data and market trends. In 2020, the COVID-19 pandemic swept across the globe, disrupting global retail channels and driving consumers to shift en masse to online platforms. Online retail in major countries and regions entered a period of rapid growth, providing ample room for the development of cross-border e-commerce. Driven by independent websites, live-streaming and short videos, and social media, the direct-sales model of cross-border e-commerce experienced explosive growth.
Going forward, if cross-border e-commerce and sellers want to stand out, they must enter a phase of parallel multi-model operations, while forming an entirely new cross-border e-commerce industry ecosystem. For e-commerce businesses looking to open up new markets, the emerging markets of Southeast Asia hold the greatest potential.
On the day, the guests not only shared some cross-border e-commerce case studies, but also discussed how clients could diversify risk and stabilize their profit margins through forward exchange rate locking. During the Q&A session, the audience actively raised questions about the future development of the Southeast Asian market and exchange rate trends, and the guests shared some tips on operating e-commerce platforms in the Southeast Asian market. Clients who missed the event can watch the live-stream recap here.
We support minor Southeast Asian currencies and direct remittances to local destinations, helping cross-border e-commerce and sellers implement their Southeast Asian strategies at preferential exchange rates and reduce payment costs. In the future, KVB Prime will continue to build a more comprehensive payment and collection experience for e-commerce clients, helping them thrive across markets worldwide.To learn more about KVB's products and services, please browse here. (https://mp.weixin.qq.com/s/imlCSOBub7TTe57eZh5S0A)KVB Global Trade (Hong Kong) Limited has obtained a Money Service Operator license (License No.: 13-03-01142) and is regulated by Hong Kong Customs. The relevant trade financing is provided by FundPark Limited (Hong Kong Money Lender License No. 2010/2021) and is subject to terms and conditions. Warning: You have to repay your loans. Don't pay any intermediaries.
