Most Hong Kong SMEs are converts to e-commerce, boding well for city’s transformation
The World Bank estimates that global business to consumer e-commerce sales will reach US$6 trillion by 2024
![A woman using a smartphone and a credit card for shopping online. Photo: Shutterstock](https://cdn.i-scmp.com/sites/default/files/styles/1020x680/public/d8/images/canvas/2024/11/27/c484c9d2-ed18-410e-be46-90995c4b055d_1c886e62.jpg?itok=BXuhtCGn&v=1732684574)
Internet-based sales tools can boost revenue by 14.6 per cent over the next two years, particularly as small- and medium-sized enterprises (SMEs) reach customers in mainland China and Southeast Asia, according to a survey of 352 local SMEs conducted by the Hong Kong Export Credit Insurance Corporation (ECIC) and Trade Development Council (TDC).
“E-commerce has become a key driver of the global economy,” said TDC’s deputy executive director Patrick Lau Hui-ping at a media briefing.
![PCCW Solutions launched a network of automated parcel locker machines across Hong Kong as its last-mile support for e-commerce merchants on June 24, 2015. Photo: Handout PCCW Solutions launched a network of automated parcel locker machines across Hong Kong as its last-mile support for e-commerce merchants on June 24, 2015. Photo: Handout](https://img.i-scmp.com/cdn-cgi/image/fit=contain,width=1024,format=auto/sites/default/files/d8/images/canvas/2024/11/27/ca7d5f42-53e6-4187-b88a-777dc311a63b_6f5431e4.jpg)
“Tariffs will definitely have an impact on Hong Kong and Chinese goods, but this is what we went through during [Trump’s] first presidential term”, Lau said. “Many local SMEs can diversify by using e-commerce, so [they] do not only rely on the US market”.
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