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Xiamen to promote development of cross-border e-commerce trading

Updated: 11 Feb 2014
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According to Xiamen’s Municipal Bureau of Commerce, the city will build a cross-strait fast logistics channel, a cross-border e-commerce service platform and a cross-border e-trade industrial park to promote the development of e-trade across the Taiwan Strait.

The city will promote the cooperation effort between Xiamen Xiangyu Group and Taiwan Jishi Shipping, Trade-Van, HCT Logistics and S.F. Express to build a fast cross-strait logistics channel based on maritime express in an effort to build Xiamen into a cross-strait logistics hub for the delivery of e-trade items, parcels, mail, personal items and other consumer goods.

Meanwhile, Xiamen Xiangyu Group will also cooperate with the Xiamen Customs data center to build a cross-border e-commerce service platform to facilitate the development of the cross-border e-commerce business.

The city also plans to build a cross-border e-trade industrial park based on the existing cross-strait trade center headquarters, Xiangyu Bonded Zone warehouses, and XOCECO’s factory in Zhaishang Village.

The city has witnessed a boom in e-commerce in recent years. As of the end of last year, there were 17,500 registered e-commerce enterprises in Xiamen, 6 times the amount of 2 years ago, including 4,000 B2B (business to business) enterprises and 1,000 B2C (business to customers) enterprises.

The turnover of Xiamen’s online retail sales hit 6 billion yuan (about US $1 billion) in 2013, 3 times the amount 2 years ago, and the annual turnover of Xiamen’s B2B enterprises was estimated to be 50 billion yuan (about US $8.2 billion) in 2013. 
  
SOURCE: WOX Team
   
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