Notes

Global Acquiring Celebration
On September 1, Alibaba International Terminal formally opened the Global Buying Festival.
This purchase festival will aid residential SMEs take the historical opportunities of cross-border B2B via a detailed upgrade of the system order flow, logistics and resources flow.
According to the statement of the General Administration of Customs, from January to July 2021, China's international trade exports completed 11.66 trillion yuan, a year-on-year rise of 24.5%; China's foreign profession exports have maintained favorable growth for 14 successive months. The recuperation of the global economy has actually driven the demand of abroad group B buyers to get to historical peaks. According to information from Alibaba International Station, the ordinary everyday check out buyers, settlement buyers, as well as on the internet transaction quantity of the platform from January to July boosted by more than 60% year-on-year.
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"This likewise shows that the international competition of China's supply is still solid, and the digitalization of traditional foreign profession is speeding up." said Zhang Kuo, vice president of Alibaba Group as well as basic supervisor of International Station.
It is understood that Alibaba International Station initially launched a cross-border B2B real-time program in 2014 and also has until now performed greater than 200,000 sessions. Jin Ye, a partner of Jiangsu Nantong Jinruite Innovation Development Co., Ltd., stated that the business attempted a cross-border B2B real-time broadcast in June in 2015. The typical number of customers in a single game surpassed 10,000, and also the variety of questions throughout the month increased by greater than 70%. Zhang Kuo revealed that on September 1st of this year's Investing in Festival, the variety of real-time broadcasts on the global station will get to 10,000.
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On top of that, the platform likewise introduced digital scenes or devices such as 3D event halls, virtual shopping overviews, and information robotics. Through the 3D event hall, vendors can establish digital purchasing overviews to show buyers around the clock to see items, while information robots help sellers track item information in real time. "These are all to aid sellers obtain deterministic orders, reduce operating prices, as well as boost operating performance." claimed a "additional" at Alibaba International Station.
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Many heads of international trade firms discussed that getting in the 2nd half of 2021, the foreign profession industry is facing numerous uncertainties as the brand-new crown epidemic is repeated, offline exhibitions as well as cross-border logistics are obstructed, exchange rates as well as upstream raw material rates vary.
Supplying deterministic solutions is the motif of the September Global Purchasing Event of Alibaba International Station. In response to the "hard to locate one container" of delivery, the International Terminal Worry-Free Shipping Line made the assurance of "warranty boxes, trailers, and also area", as well as it just takes 15 days for the voyage from the domestic port of departure to the west of the United States. The China-US worry-free charter unique line operates 5 days a week, shortening the logistics timeliness to 5-9 working days. Relating to the pain points of vendors worrying about the impact of exchange rate variations on earnings, the international terminal has actually updated the "secured exchange guarantee" to aid sellers reduce the threats brought on by exchange rate changes. Throughout the purchase festival, International Station will certainly also cooperate with China CITIC Bank to introduce an inclusive one-stop digital payment collection remedy alibaba.com spend for cross-border shopping vendors.

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