Haikou FTZ attracts cross-border e-commerce giants

The Haikou Integrated Free Trade Zone (FTZ) has attracted 50 cross-border e-commerce companies, according to the Department of Commerce of Hainan Province.

This year, Hainan plans to place more importance on attracting foreign e-commerce companies to promote the innovative development of cross-border e-commerce.

Since the plan to build a cross-border e-commerce comprehensive pilot area in Haikou was approved by the State Council last July, the Haikou Integrated FTZ has been active in consolidating its fundamental development framework of cross-border e-commerce. The zone continues to build up its supporting facilities, bring in investment, and implement innovative business measures.

The local government has accelerated favorable policies to nurture industrial development, including an e-commerce platform bonus, freight allowance, and preferential storage.

Vipshop, a nationally renowned e-commerce company, has set up operations in the FTZ. It plans to build a logistics center for Asian cross-border e-commerce, which will cover an area of 70,000 square meters. Local brands also plan to establish e-commerce experience centers in Hainan province.

In 2019, Hainan plans to concentrate on cross-border e-commerce development and speed up the construction of the comprehensive pilot area in Haikou city to bring in more famous e-commerce companies. More efforts will be made to improve the transportation of bulk goods between Haikou and Guangzhou Baiyun International Airport in Guangdong province.