Delivery time reduced for overseas customers

Overseas consumers who buy made-in-China products online will soon see the parcel delivery time reduced by two-thirds to three to five days, as a local insurance company partnered with eBay Inc to help speed up the development of cross-border e-commerce.

Currently, it takes eight to 15 days before foreign buyers to get what they want after placing an order online, and consumers only have limited options online, mostly light-weight items, to keep logistics costs under control.

But now China Export & Credit Insurance Corp, a major Chinese insurance firm, also known as SINOSURE, aims to change all that by partnering with eBay and three trade service firms in Tianjin.