Notes

International Buying Event
On September 1, Alibaba International Terminal officially opened up the International Getting Festival.
This procurement event will help domestic SMEs seize the historical possibilities of cross-border B2B via a comprehensive upgrade of the platform order flow, logistics and also resources flow.
According to the statement of the General Management of Customs, from January to July 2021, China's foreign trade exports amounted to 11.66 trillion yuan, a year-on-year rise of 24.5%; China's foreign trade exports have actually kept positive growth for 14 consecutive months. The recuperation of the international economy has driven the need of overseas group B purchasers to get to historical optimals. According to information from Alibaba International Terminal, the typical everyday go to purchasers, settlement customers, as well as on-line deal quantity of the platform from January to July raised by greater than 60% year-on-year.
"This likewise shows that the worldwide competition of China's supply is still strong, as well as the digitalization of conventional foreign profession is increasing." said Zhang Kuo, vice president of Alibaba Group as well as general manager of International Station.
It is comprehended that Alibaba International Station first introduced a cross-border B2B live broadcast in 2015 as well as has until now performed more than 200,000 sessions. Jin Ye, a partner of Jiangsu Nantong Jinruite Innovation Advancement Co., Ltd., stated that the company tried a cross-border B2B live program in June in 2015. The average number of audiences in a solitary game exceeded 10,000, and the variety of inquiries throughout the month increased by greater than 70%. Zhang Kuo exposed that on September 1st of this year's Getting Event, the variety of live programs on the global station will certainly get to 10,000.
Furthermore, the platform likewise introduced digital scenes or tools such as 3D event halls, digital buying guides, and also data robotics. Through the 3D exhibition hall, sellers can set up online shopping guides to show buyers around the clock to see products, while information robotics help sellers track item information in real time. "These are all to help vendors acquire deterministic orders, lower operating prices, as well as enhance running effectiveness." said a "second" at Alibaba International Terminal.
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Several heads of foreign trade business mentioned that going into the 2nd fifty percent of 2021, the foreign profession market is dealing with numerous uncertainties as the new crown epidemic is duplicated, offline events and also cross-border logistics are blocked, currency exchange rate and also upstream resources prices change.
Offering deterministic solutions is the style of the September Global Purchasing Festival of Alibaba International Terminal. In action to the "hard to discover one container" of delivery, the International Station Worry-Free Shipping Line made the guarantee of "warranty boxes, trailers, and also area", as well as it only takes 15 days for the voyage from the residential port of separation to the west of the United States. The China-US carefree charter unique line runs five days a week, reducing the logistics timeliness to 5-9 working days. Concerning the pain points of sellers bothering with the influence of exchange rate variations on revenues, the international terminal has upgraded the "secured exchange assurance" to aid vendors lower the threats brought on by exchange rate changes. During the purchase event, International Terminal will also cooperate with China CITIC Financial institution to introduce a comprehensive one-stop electronic repayment collection solution alibaba.com spend for cross-border e-commerce merchants.

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