The Cross-Border E-Commerce Industry Thrives in Linyi

On Sept. 22, the "Silk Road – Yellow River Foreign Media Tour" team made its way to Linyi City, where it visited the Lanhua Cross-Border E-commerce Industrial Park and Shandong Chongyunxing Information Technology Co., Ltd., according to News Office of Linyi Municipal People's Government.

Lanhua Cross-Border E-commerce Industrial Park is the pioneering "Shandong Provincial Cross-Border E-commerce Incubation Training Pilot Institution" in Linyi. It boasts a comprehensive industry chain and ecosystem of cross-border e-commerce, encompassing bonded import for cross-border online shopping, experiential stores, cross-border export supply chain, training incubation, international logistics, financial payments, overseas warehouses, and third-party services. With an operational area spanning 50,000 square meters, the industrial park is home to 18 cross-border e-commerce enterprises. The park boasts an array of facilities including a cross-border product showroom, duty-free shops, and state-of-the-art intelligent warehousing infrastructure. Moreover, it has developed and launched online cross-border shopping platforms and cross-border supply chain platforms, offering a wide range of services such as training, incubation, and operational support to businesses. These services aid domestic goods in venturing into international markets while providing online and offline showcasing and trading opportunities for foreign products. As a result, cross-border products can effortlessly reach consumers directly, creating a seamless and efficient channel for international trade.

Lanhua Cross-Border E-commerce Industrial Park is actively promoting the construction of overseas warehouses and exhibition halls. It has achieved a significant milestone by successfully establishing the Linyi Lanhua Overseas Shopping Mall spanning 15,000 square meters in South Korea. Currently, the park is actively working on the construction of overseas warehouses and exhibition halls in various countries, such as the ASEAN, European Union, and African regions.

Shandong Chongyunxing Information Technology Co., Ltd. is dedicated to establishing Linyi as a renowned "China Pet Products Distribution Center" and "China's Largest and Most Professional Food Logistics Park" with significant industry influence. By offering comprehensive services in four main sectors, including raw material trade, intelligent warehousing and distribution, digital marketing, and supply chain finance, Shandong Chongyunxing Information Technology Co., Ltd. aspires to cultivate its supply chain into a pioneering integrated service platform.

Since its establishment in September 2021, Chongyunxing has experienced rapid growth in transaction volume. In 2022, the platform achieved a transaction volume of 1.5 billion yuan. Looking ahead, the projected transaction value for 2023 is 10 billion yuan, and it is expected to further increase to a range of 15 billion to 20 billion yuan in 2024. This substantial growth is a testament to the platform's success and its expanding prominence in the market.

Source: News Office of Linyi Municipal People's Government