Industry

Alibaba.com to Launch Platform and Services for Cross-Border Trade

Jun 10, 2022, 17:07pm2022/06/10 23:27:11 Pandaily

In order to provide a full-link cross-border trade platform for small and medium-sized merchants engaged in foreign trade, Alibaba<img decoding="async" class="trade-card__loading" layout="fixed" height="50" width="50" src="https://assets.pandaily.com/uploads/2021/12/loading.png" placeholder />.com announced on Thursday night that it planned to launch an upgraded digital integrated service solution in September this year. The new product will cover the core issues in the three stages of pre-sale, sale and after-sale. It is expected to be completely open to all cross-border merchants, helping them successfully receive orders, deliver goods and receive funds.

Kuo Zhang, general manager of Alibaba<img decoding="async" class="trade-card__loading" layout="fixed" height="50" width="50" src="https://assets.pandaily.com/uploads/2021/12/loading.png" placeholder />.com, said on Thursday evening during the company’s official livestream that it would become a “Digital Seaport” for merchants operating under today’s new market conditions.

Since May this year, Alibaba<img decoding="async" class="trade-card__loading" layout="fixed" height="50" width="50" src="https://assets.pandaily.com/uploads/2021/12/loading.png" placeholder />.com has launched many plans to help businesses engaged in foreign trade to better cope with risks and challenges posed by the pandemic. For example, the firm launched the Digital Seaport program, spanning a range of services including logistics, cross-border collection and compliance guarantees, covering all aspects of cross-border trade. Some merchants who tried this service said that only members of Alibaba<img decoding="async" class="trade-card__loading" layout="fixed" height="50" width="50" src="https://assets.pandaily.com/uploads/2021/12/loading.png" placeholder />.com could access it, although this year, logistics, finance and other services are open to all cross-border merchants.

Subsequently, Alibaba<img decoding="async" class="trade-card__loading" layout="fixed" height="50" width="50" src="https://assets.pandaily.com/uploads/2021/12/loading.png" placeholder />.com officially launched ten cross-border foreign trade relief measures, covering all key links of cross-border e-commerce. These cross-border logistics and finance services, along with other measures, have been launched continuously since the end of March, reportedly benefiting 13,000 businesses as of May 20, 2022, with a capital scale exceeding 1.25 billion yuan ($149.5 million).

According to the latest data released by China’s General Administration of Customs, the country’s trade exports in the first five months of 2022 reached 8.94 trillion yuan ($1.336 trillion), an increase of 11.4%. Private enterprises performed brilliantly, with exports reaching 5.28 trillion yuan ($789.4 billion), an increase of 16.7%, accounting for 59% of the gross export value. Therefore, such trade has become an important pillar underpinning national exports.

In addition, data from Alibaba<img decoding="async" class="trade-card__loading" layout="fixed" height="50" width="50" src="https://assets.pandaily.com/uploads/2021/12/loading.png" placeholder />.com showed that in the past three years, high value-added industries such as new energy resources, machinery, automotive parts and consumer electronics have contributed significantly to growth. In addition, the company’s transaction volume within the new energy industry from January to April this year increased by more than 130% year-on-year.

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