Region's cross-border e-commerce brings business success

Economic and trade zones in Xiamen, Fujian province, are playing an increasingly important role in boosting industrial development and enhancing business cooperation, according to local officials.

One of these is the Xiamen cros-border e-commerce industrial park. Home to more than 200 cross-border e-commerce companies, it includes 20 demonstration projects in the field of e-commerce. It has become the largest industrial base of cross-border e-commerce in Fujian.

Wu Hong, deputy general manager of Xiamen Xiangyu Group, said the city has a good foundation for the import and export trade. The surrounding areas have a strong demand for cross-border e-commerce in industries such as footwear and textiles.

Xiamen also has advantages in customs clearance. For example, in 2014, Xiamen launched express shipping and the park built its cross-border e-commerce industrial ecosystem around it.

"Focusing on the industrial-chain needs of e-commerce platforms, we introduced comprehensive service providers such as logistics and talent training.

"Traditional traders can receive training in the park, find logistics partners and enjoy online services," Wu said. He added that this is a "one-stop" solution to the problems faced by enterprises engaged in cross-border e-commerce business.

The park will also launch a live broadcast base this year. It will set up e-commerce live broadcast and incubation bases for internet influencers, covering services such as live broadcast delivery, talent incubation and content output.

Another contributor to the city's fast pace of economic development is the Xiamen Area of the China (Fujian) Pilot Free Trade Zone.

On Aug 31, six industrial projects in sectors such as blockchain and artificial intelligence were signed and settled in the zone, with a total investment of 12.03 billion yuan ($1.75 billion).

Among them, blockchain startup Bubi (Beijing) Network Technology will establish an operations center and innovation laboratory. To establish a blockchain industrial cluster and ecosystem, Daoshang (Shanghai) Intelligent Control Technology will set up an operating a headquarter and plans to rollout a chain of convenience stores and new smart retail vending machines in 100 cities across the country within three years. The zone will also promote integrated circuits, artificial intelligence, big data, blockchain and other digital industries.