CVP Card News Vol.3 released.
check it out with simple view card news! Today’s topic is why China!
Why focus China Get to know CVP vol.3
Market growth
It is China where Micro Traders are the most active. the overseas direct purchase market in china grows nearly twice every year.
Market size
With Daigou and Wang Hong, sales of Korean product is increasing in China reaching $8.6 billion and derived market is even $14.7 billion size.
China market size example (weishang 微商)
With the case of weishang (微商) which do commercial transaction based on mobile SNS platform, we can size and potential of this market.
Total market size of weishang (微商) is estimated to be $140 billion in 2019, and 30 million people working for weishang. 52% of purchases are cosmetic, and many of them are Korean products.
Needs of convenience
Business model between Korea-China is already proven and making revenue. However, there is lack of platform, connecting two countries, and perper service. This is where CVP is focusing on.
Vol.4 coming soon! Stay tuned.
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