US-China trade war creates opportunities for Thai firms

The US-China trade war and a preference for Thai brands among Chinese buyers have created opportunities for medium-sized and large firms of Thailand, said the Thailand e-Business Centre (TeC).

Wednesday, January 09, 2019 10:04

US-China trade war creates opportunities for Thai firms ảnh 1

Illustrative image (Source: internet)

Hanoi (VNA) - The US-China trade war and a preference for Thai brands among Chinesebuyers have created opportunities for medium-sized and large firms of Thailand,said the Thailand e-Business Centre (TeC).

According to TeC, China is a leading market in e-commerce and e-business, but Thaifirms have yet to explore this opportunity.

China now has about 731 million internet users and 448 million online shops. Shoppingconsumption in China was worth 3 trillion USD, of which revenue from onlineshopping was 759 billion USD.

TeC said Thailand'se-business trend in 2019 is online-to-offline, with big retailers, e-retailersand e-commerce players focusing more on customer satisfaction and newexperiences for shoppers.

Businesses will also embrace data analytics,artificial intelligence and blockchain for collecting information of customers,it added.

Local medium-sized firms with over 10 million baht in revenue a year will have opportunitiesto export to the Chinese market.–VNA

VNA

#US-China trade war #Thai brands #Chinese buyers #e-commerce #e-business #Thai firms #online shopping #Vietnamplus #Vietnam News #Vietnam News Agency Thailand

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