General

The report of the Twentieth National Congress of the Communist Party of China pointed out that we should "adhere to a high level of opening up, and accelerate the construction of a Dual circulation with domestic circulation as the main body and domestic and international double circulation promoting each other". The high-quality development of the integration of domestic and foreign trade can not only give better play to the advantages of the domestic market, stimulate market vitality, and smooth the domestic circulation, but also help to realize the efficient connection between the domestic market and the international market, the free flow of resources and factors, and promote the domestic and international double circulation.

Import and export data shows that since the beginning of this year, China's "resilience" in foreign trade has been constantly showing. The latest customs import and export data shows that China's foreign trade exports have increased by 8.1% year-on-year in the first five months, and overseas demand on digital foreign trade platforms has grown even more rapidly. Import and export data from Alibaba International Station shows that high-quality business opportunities have increased by 33% year-on-year this year. Overseas corporate customers are increasingly inclined to purchase through digital foreign trade platforms, and high-quality business opportunities are shifting to online platforms.

In the face of the overall trend of digital foreign trade becoming better and better, in terms of supporting small, medium-sized and micro foreign trade enterprises to go to sea, Ali International Station has frequently launched three major actions of "recommending a new business opportunity every day, simply going to sea, and guiding by special personnel in the growth period" to upgrade export links, and create a high level Open platform. According to import and export data, on June 13th, Alibaba International Station released multiple measures to lower the threshold and provide business opportunities for new foreign trade merchants. Throughout the year, at least 365 precise business opportunities were recommended for each new foreign trade merchant. Not only that, Alibaba International Station also further launched the "Business Opportunity Discovery" channel, which tracks global hot selling product trends in real-time, helping businesses gain more business opportunities. At the same time, using new technologies such as AI, we will comprehensively upgrade our basic foreign trade member product "Export Pass", greatly simplifying the store opening process and operational operations.

Becoming the first stop for more merchants to engage in foreign trade and embark on a journey to the sea, behind the three major actions of upgrading the export communication of Alibaba International Station is actually a series of technological upgrades of Alibaba International Station. On the logistics side, Alibaba International Station Logistics integrates previously dispersed transportation capacity into a one-stop visual logistics solution. The logistics tracking platform launched at the end of May allows for intelligent visualization of cross-border logistics throughout the entire process, eliminating the need for blind boxes. In terms of cross-border transaction funding services, Alibaba.com Pay helped foreign trade enterprises save over 10 million yuan in cross-border collection fees and over 20000 hours in time last year alone.

In addition, according to import and export data, in order to solve the problem of "trust" in foreign trade, Alibaba International Station has also launched cross-border live streaming. In addition to more intuitive display of goods, it also provides face-to-face and in-depth communication scenarios for domestic sellers and overseas buyers. Real person reception, live streaming factory exploration, and real-time immersive experience can better help both parties establish trust and reach transactions.

Building a "double circulation" Dual circulation is an important part of the "14th Five Year Plan", and the integration of domestic and foreign trade is an important part and key link of building a "double circulation" Dual circulation. Therefore, improving the domestic and foreign trade integration platform is also an objective requirement of the Dual circulation. This time, Ali International Station created a high-level Open platform through multiple channels and means to improve the certainty of foreign trade business opportunities, help open up the two channels of domestic and foreign trade integration, and provide more references for the high-quality development of digital foreign trade. (Translated from: Guangming Network)