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Xinhua writer Wang Aihua


BEIJING nike air max 270 ocean bliss scontate , Dec. 5 (Xinhua) -- During this year's Thanksgiving shopping spree, which ended this week with Cyber Monday in the United States, China's online retailers helped the country's shoppers enjoy the same deals as people on the other side of the Pacific.


Data from Alibaba, the Chinese e-commerce giant, show Chinese customers spent twice as much on American shopping sites through Alibaba's Alipay this Thanksgiving and Black Friday than during the same period last year.


Big borders in business have been crossed. China's massive market is being opened to U.S. companies in a more straightforward manner and a richer pool of products is accessible to Chinese consumers at better prices.


Future business opportunities are huge. Reports show China already has more than 18 million or so customers shopping on overseas websites, and China is the second-largest overseas destination for American online shoppers.


In addition nike air max 270 coral stardust scontate , Chinese online retailers are also expanding their networks to make it easier for overseas customers to purchase Chinese products. During this year's Singles' Day shopping spree, which fell on Nov. 11, Alibaba launched a sales campaign on both its domestic and overseas platforms for the first time.


Through these efforts, customers from 217 countries and regions outside the Chinese mainland were able to join their Chinese counterparts in enjoying the day's massive sales. Shoppers from Hong Kong, the United States and Russia were the biggest overseas spenders through Alibaba on Singles' Day, which saw the company take in record sales totaling 9.34 billion U.S. dollars.


This is the beginning of something big. On the micro-economic level nike air max 270 camo heel scontate , both consumers and business people are happier. From a larger perspective, these new efforts to expand will bring forth major changes on the modern trade landscape.


However, online retailers still face many challenges. Language barriers and shipping issues may hinder their growth and prevent both retailers and consumers from fully enjoying the freedom to buy and sell across borders.


For instance, how can a Chinese shopper with limited or nonexistent knowledge of English correctly read product descriptions and choose the right size or model for a product? Can prices still remain attractive after adding in shipping fees and customs taxes?


There is also the environmental aspect to consider. One must ask: are the goods one is purchasing made in China? Does shipping to and from the United States or elsewhere result in excessive waste of energy and other resources?


Despite these challenges, it is clear that this trend is unstoppable. Online businesses are going truly global.


Lu Wei, chairman of China's State Internet Information Office nike air max 270 white volt scontate , said this week in Washington, D.C. that the Chinese and U.S. online spheres have become interdependent and inseparable. This notion applies to all countries that engage in business online.

Russian billionaire Alisher Usmanov

Russian billionaire Alisher Usmanov's investment in Alibaba has soared more than 500 percent since he invested in the group, he told American TV network CNBC, adding that he has not sold any of his stake in the Chinese e-commerce giant.


Usmanov's holding in Alibaba is not public and the tech investor, Russia's richest man worth $18.5 billion according to Forbes' ranking of billionaires, declined to comment on how much money he made from the investment.


But asked what the percentage upside of his investment in the group was nike air max 270 ultramarine scontate , Usmanov said there was no modest way to describe it. "I think more than 500 percent," he said.


The initial public offering (IPO) of Alibaba in September was the biggest in history. The group raised $25 billion in its IPO and shares surged 38 percent on their market debut.


Founder Jack Ma -the former English-teacher-turned-dotcom billionaire-has touted his e-commerce platform as a way for smaller merchants to expand their international footprint, including access to consumers in China.