eBay Inc (NASDAQ:EBAY)’s PayPal has conducted a survey with its partners in order to find out the potential of e-commerce beyond the borders of the US. The survey was done on 17,500 consumers in 22 countries. China stands out as one of the top countries that are involved in online shopping activity. Canada and Brazil are ranked at second and third positions respectively. The holiday season is about to kick off and eBay Inc (NASDAQ:EBAY) is all beefed up to deliver electronics, beauty items, devices, apparel and food items across different countries. eBay Inc (NASDAQ:EBAY) is expanding its growth beyond borders. China is the important target where Alibaba Group Holding Ltd (NYSE:BABA) is its main competitor.
An article on CNBC reported this survey. The study showed that cross border shoppers spend 10% on their purchases through internet. They spend twice as compared to the domestic customers on online shopping. eBay Inc (NASDAQ:EBAY) has identified some of the barriers that are putting a hurdle in the depletion of trust deficit in e-commerce business internationally. For example, customers in China are worried about taxes, shipping costs, fees and other charges. Canadian customers are reluctant about shipping costs during the international transactions. Brazilian online shoppers are a victim of delivery timing burden, according to eBay Inc (NASDAQ:EBAY)’s study.
The source quoted Anuj Nayar, senior director of global initiatives for PayPal, who thinks that technological advancements are making e-commerce easy. People can shop just about anything by a few clicks. 52% of people in China think that they will increase online shopping in the coming years. eBay Inc (NASDAQ:EBAY)’s survey also depicts that 83% of Austrian buyers do shopping online. Alibaba Group Holding Ltd (NYSE:BABA) remains the top notch e-commerce entity in China, which recently recorded massive sales on China’s Single’s day.
eBay Inc (NASDAQ:EBAY), in an effort to challenge Alibaba Group Holding Ltd (NYSE:BABA), launched PayPal PassPort and special packages on China’s Single’s Day in order to increase its orders.
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