Taizhou holds forum on cross-border e-commerce innovation

A forum on the innovative development of cross-border e-commerce was held in Taizhou – the city in East China's Jiangsu province – on June 20.

The attendees discussed a group of issues centering on the innovation of the new business approach in foreign trade – such as the latest developments and trends in cross-border e-commerce worldwide, the digital economy and business models.

Experts from the China Export and Credit Insurance Corporation, Standard Chartered Bank, the Ant Group – an affiliate of Chinese e-commerce giant, Alibaba – were present. They gave speeches, as well as a top representative from global e-commerce platform Amazon.

The event aimed to further implement the province's plan for high-quality growth of its cross-border e-commerce business and to help stabilize and improve the export business of Taizhou enterprises, according to an official with the city's commerce bureau.

Taizhou is widely said to have truly seized the opportunity to develop cross-border e-commerce, which is considered as a new engine to upgrade foreign trade and drive the stable development of the economy.

A cross-border e-commerce service center operated by Alibaba has been launched in Taizhou. Last year, the city got the green light to be a national pilot zone.

In 2022, Taizhou's cross-border e-commerce exports grew by 11 percent year-on-year, 2.3 times the growth rate of foreign trade exports.

Plans are for the city to offer greater support to the cross-border e-commerce segment while developing itself into a national cross-border e-commerce pilot zone, according to the official from its commerce bureau.

The event was organized by the provincial and municipal councils for the promotion of international trade and the local commerce bureau.