Country for PR: China
Contributor: Xinhua News Agency
Thursday, September 28 2023 - 19:27
AsiaNet
The Cross-Border E-Commerce Industry Thrives in Linyi
LINYI, China, Sept. 28, 2023 /Xinhua-AsiaNet/--

On Sept. 22, the "Silk Road - Yellow River Foreign Media Tour" team made its 
way to Linyi City, where it visited the Lanhua Cross-Border E-commerce 
Industrial Park and Shandong Chongyunxing Information Technology Co., Ltd., 
according to News Office of Linyi Municipal People's Government.

Lanhua Cross-Border E-commerce Industrial Park is the pioneering  "Shandong 
Provincial Cross-Border E-commerce Incubation Training Pilot Institution" in 
Linyi. It boasts a comprehensive industry chain and ecosystem of cross-border 
e-commerce, encompassing bonded import for cross-border online shopping, 
experiential stores, cross-border export supply chain, training incubation, 
international logistics, financial payments, overseas warehouses, and 
third-party services. With an operational area spanning 50,000 square meters, 
the industrial park is home to 18 cross-border e-commerce enterprises. The park 
boasts an array of facilities including a cross-border product showroom, 
duty-free shops, and state-of-the-art intelligent warehousing infrastructure. 
Moreover, it has developed and launched online cross-border shopping platforms 
and cross-border supply chain platforms, offering a wide range of services such 
as training, incubation, and operational support to businesses. These services 
aid domestic goods in venturing into international markets while providing 
online and offline showcasing and trading opportunities for foreign products. 
As a result, cross-border products can effortlessly reach consumers directly, 
creating a seamless and efficient channel for international trade.

Lanhua Cross-Border E-commerce Industrial Park is actively promoting the 
construction of overseas warehouses and exhibition halls. It has achieved a 
significant milestone by successfully establishing the Linyi Lanhua Overseas 
Shopping Mall spanning 15,000 square meters in South Korea. Currently, the park 
is actively working on the construction of overseas warehouses and exhibition 
halls in various countries, such as the ASEAN, European Union, and African 
regions.

Shandong Chongyunxing Information Technology Co., Ltd. is dedicated to 
establishing Linyi as a renowned "China Pet Products Distribution Center" and 
"China's Largest and Most Professional Food Logistics Park" with significant 
industry influence. By offering comprehensive services in four main sectors, 
including raw material trade, intelligent warehousing and distribution, digital 
marketing, and supply chain finance, Shandong Chongyunxing Information 
Technology Co., Ltd. aspires to cultivate its supply chain into a pioneering 
integrated service platform.

Since its establishment in September 2021, Chongyunxing has experienced rapid 
growth in transaction volume. In 2022, the platform achieved a transaction 
volume of 1.5 billion yuan. Looking ahead, the projected transaction value for 
2023 is 10 billion yuan, and it is expected to further increase to a range of 
15 billion to 20 billion yuan in 2024. This substantial growth is a testament 
to the platform's success and its expanding prominence in the market.

Source: News Office of Linyi Municipal People's Government

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   Caption: Lanhua Cross-Border E-commerce Industrial Park

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