Kuaishou to Start Its CBEC Business
On May 16, 2021, Kuaishou released its cross-border e-commerce (CBEC) regulations, implying the oncoming of its CBEC business. The first-stage business only opens access to four categories: cosmetics, food, clocks & watches, and luxury products. China’s CBEC business soared up in 2020 and is expected to maintain high in growth in 2021, thus attracting the influx of tech giants such as Douyin, Kuaishou, and Meituan.