Changsha hosts matchmaking fair to develop cross-border e-commerce

Changsha held a cross-border e-commerce matchmaking fair in Hangzhou on July 26 as it eyes becoming an industrial cluster hub for cross-border e-commerce in China's central and western regions.

Jointly organized by the Changsha municipal people's government and the Department of Commerce of Hunan Province, the event was the first of its kind in Changsha after the city was named a national cross-border e-commerce pilot zone and the 2018 Hunan-Yangtze River Delta Economic and Trade Promotion Week was highlighted.

Over 100 cross-border e-commerce companies attended the matchmaking event, including global e-commerce giant eBay and China's e-commerce powerhouses Alibaba, JD.com, and Suning E-go.

During the event, officials explained relevant policies on Hunan's cross-border e-commerce and introduced Luvalley, Changsha's high-tech industrial development zone, as well as the Huanghua Comprehensive Bonded Zone and the Jinxia Bonded Logistics Center to company representatives, many of whom showed avid interest.

Thanks to good coordination the event attracted a number of e-commerce companies to land in Changsha and contributed to the signing of nine contracts on cross-border e-commerce spanning logistics, supply chains and finance.

According to Changsha commercial authorities, the city has 51 major cross-border e-commerce companies, including online and offline platforms, franchisers, logistic service providers and retailers.

In 2017, Changsha had a cross-border turnover of $250 million in which the value of exports was eight times that of imports.