East China’s Jiangsu province has launched a special digital foreign trade initiative by launching the Jiangsu Public Overseas Warehouse Service Alliance on Wednesday. The move is intended to further promote the transformation and upgrading of foreign trade and accelerate the construction of a cross-border e-commerce development industrial chain and ecosystem.
More than 20 cross-border e-commerce companies with overseas warehouses joined force to launch the Jiangsu Public Overseas Warehouse Service Alliance.
Ten cities including Nanjing, Wuxi and Xuzhou were approved as national-level comprehensive experimental areas for cross-border e-commerce.
Last year, Jiangsu reported a 2.5-fold growth in the cross-border e-commerce B2C exports. Overseas warehouses that undertake the functions of warehousing, distribution and after-sales in foreign markets have reduced logistics costs and improved service efficiency.
Jiangsu currently has more than 200 overseas warehouses in major markets such as Europe, America, Asia and Africa.
Zhou Ning, Chairman of Jiangsu Sihai Shangzhou E-commerce Co., Ltd.
Previously, overseas warehouses were scattered
and they were doing their own business
Our alliance is able to integrate systems, data, standards
and services for overseas warehouse companies
and create a system that allows foreign buyers, distributors
and consumers to experience our services
more efficiently and conveniently
The provincial department of commerce has also launched the digital foreign trade initiative in a bid to build a number of industrial parks and incubation bases with the service capabilities of the entire industry chain of cross-border e-commerce, cultivate and introduce platform-based cross-border e-commerce enterprises, and empower the building of cross-border e-commerce.
