Western companies looking to enter or remain in the e-commerce market in China need to recognise that the idea of adding a store-front on WeChat, linking to search results in Baidu and enabling WePay are no longer sufficient in the Chinese e-commerce landscape.

Covid-19 has changed the market place and Western businesses are playing catch up.

The Two Sessions, or in Chinese Lianghui (a common abbreviation for a pair of organisations which have close relations), have helped to set up the framework for these changes with an emphasis on 5G, management of the digital economy and payment gateways.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook