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Wuhan’s cross border e-commerce test area attracts global investment

Source: hubei.gov.cn 11/09/2018 03:11:08

The Forum of “ZALL FTS” Service Chain for International Trading was held during the China International Import Expo on November 8, 2018.

The booming cross border e-commerce is a new business model of international trade. In July, 2018, Wuhan was approved as a national cross border e-commerce test area, with its implementation plan and support policies to be released in the near future.

ZALL FTS, representing Wuhan’s cross border e-commerce enterprises, shows the service capability and development potential of cross border e-commerce. The platform of ZALL FTS embraces two cross-border e-commerce services, namely, Global Supplier Portal (www.GSP.zallfts.com) and Global Public Warehouse (www.zallfts.com), which can provide foreign trade enterprises with supporting services in transaction, logistics, and storage, etc.

“ZALL FTS is supposed to cooperate with 20 countries in the early stage, and cooperation with 100 countries will be a long-term goal, with an annual transaction volume amounting to 10 billion U.S. dollars and more than 5,000 service providers,” said Xu Jianfeng, CEO of ZALL FTS.

At the forum, ZALL FTS signed the contracts with seven Japanese companies including Sanyo Sangyo Co., Ltd. and Yoshidaki Kyushu Co., Ltd.(hubei.gov.cn by Zhang Yawei)