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ITL's e-commerce trade volume hits 100 billion yuan

(chinadaily.com.cn)

Updated: 2017-12-28

The Xi'an International Trade and Logistics (ITL) Park has handed out an impressive answer sheet for 2017 with its e-commerce trade volume breaking the 100 billion ($15.3 billion) mark.

Starting its journey in 2014 when it was approved as a pilot for cross-border e-commercial services, the park now boasts over 1,200 e-commerce and supporting companies, including more than 50 headquarters or branches.

The past several years have seen rocketing development. In 2016 the e-commerce sector became a pillar industry and an exclusive government policy was released to support its development, the first case of its kind throughout Xi'an.

Signs showed that the ITL Park gradually sharpened its competitive edge in Northwest China in 2016, with the trade number surging to 30 billion yuan through the efforts of at least 400 enterprises and service providers in this field.

The year 2017 marks a milestone partly due to the top online retailers led by Alibaba and JD.com who made their pitch by establishing their regional headquarters in the park. By stepping into a new age where the industry is becoming well structured, the park is thinking big by combining the internet with the culture and sharing economy.

It has also provided door-to door services by setting aside an office to tackle problems for internet-related firms, which has contributed to rapid growth in their performances.

Turnover of the northwestern headquarters of JD.com is expected to exceed 18 billion yuan this year, which means a 54 percent leap year-on year, second to none among all the branches across China.

Efforts to support local firms to seek a fair share in the e-commerce market have also paid off. With a helping hand from the ITL Park, it took no more than two years for Xi'an's commodity brand, Jiabs, to climb to the top of the list of daily necessities on Tmall and JD.com, China's largest online platforms, for two consecutive years.

The idea of combining rail and air transport could not have worked better as it has cut the logistic costs by half and can deal with 100,000 orders a day.

The "Chang'an" international freight train lines have provided a logistics corridor for landlocked Xi'an to reach Central Asian and European countries.

Making the most of this, cross-border platform silucheng.cn cumulatively sent more than 300,000 items to Kazakhstan, with total value of about three million yuan, during its first attempt this year. So far, eight million cross-border orders have been made online, and the park is aiming high to double the figure.

ITL's e-commerce trade volume hits 100 billion yuan

Xi'an Port deals with bulk cargo every day and aims to become the largest inland port and logistics hub in China. [Photo/xiancn.com]

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ITL's e-commerce trade volume hits 100 billion yuan

2017-12-28

The Xi'an ITL Park has handed out an impressive answer sheet for 2017 with its e-commerce trade volume breaking the 100 billion mark.

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