Xiasha forms world-class service trade ecosystem
2017-11-03 Source:Hangzhou China

The fourth China (Hangzhou) International E-commerce Expo that will kick off this week will present visitors a vast display of products for online shoppers and activities involving interaction. The exhibition will allow visitors to experience online shopping by scanning QR cods, receive gifts of new nut products from Baicaowei by helping Xiaoming Robot complete tasks, and take a tour of the expo guided by popular vloggers. 

 

The expo, which themes “sharing opportunities, communicating with world,” will show the development of Hangzhou Economic and Technological Development Area, especially its achievements in e-commerce sector. It also echoes the country’s “Belt & Road” initiative by highlighting its cross-border e-commerce industry park and online silk road program. 


Xiasha Cross-Border E-commerce Industry Park and Orient Science & Technology City as well as 10 local companies will hold various activities to entertain the visitors. 

  

Hangzhou, known as the city of e-commerce around the world, is actively responding to the “Belt & Road” initiative and expand its international e-commerce. Its e-commerce sales rose 52% YoY to CNY 3.32 billion last year. Combined sales of eight largest e-commerce companies rose 54.4% YoY to CNY 1.76 billion. The significant growth was only possible with the synergy from the city’s logistics, warehousing and inspectors. The entire production process of products sold online is now traceable, which allows regulators tackle issues such as counterfeits or fake products, resulting in improved product quality. B2B cross-border e-commerce also sees rapid growth. 

  

The Xiasha branch of Hangzhou Cross-Border E-commerce Comprehensive Test Area celebrated its third anniversary on May 7 this year. It is now exemplary to all such test areas in China, as its business shifts from bonded imports to all-level imports, covering sectors from direct-mail imports to fresh food imports. 


Xiasha’s cross-border e-commerce cumulative sales amounted to CNY 10.8 billion as of July, with the amount of imports orders totalling 57 million. Specifically, the amount of bonded imports for online shoppers reached CNY 9.6 billion, or 51.95 million orders; direct-mail reached CNY 1.2 billion, or 5.05 million orders. Over 70 shopping platforms including Tmall HK and Suning have started branches in the park, as well as over 100 vertical sector shopping sites including NetEase Kaola and Beibei, and over 80 e-commerce service enterprises including Highscore and Alog. Over 30,000 stock keeping units are registered with the park, 3,000 of which are actively purchased. 

 

Xiasha will continue working on its innovation capacity and integrating “bonded +” policy in special regulatory areas with its cross-border e-commerce conditions. It will build China’s first EWTP exemplary park, make new rules for cross-border e-commerce, improve the proportion of service trade in cross-border e-commerce, and build world-class service trade ecosystem, which will eventually boost the economic growth of the city and Zhejiang Province as a whole. 


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