|Double 11 Shopping Festival|
According to preliminary statistics, during the Double 11 Shopping Festival this year, companies in Jinyi Comprehensive Free Trade Zone (Jinyi FTZ) received 2.7 million orders, which is eleven times the number of orders received during the same period last year.
Qi Yang, commercial director of Jinhua Daita Supply Chain Co., Ltd., said that the company prepared seven million products ahead of time, with a total value of 120 million US dollars, a year-on-year increase of 500%.
“The huge amount of orders during the festival is a huge test for the e-commerce businesses, customs clearance, and logistics of Jinyi FTZ,” said Zhang Ge, head of the Business Department of Jinyi FTZ. He added that many comprehensive service providers of cross-border e-commerce in Jinyi FTZ had prepared goods an entire month in advance.
Jinyi FTZ has assisted companies in systems upgrading and network support, formulated emergency response plans, and cooperated with Jinhua Customs and other departments to provide 24-hour services. Jinhua Customs has also arranged special personnel to check and release parcels in order to ensure that the packages are delivered in a timely manner, and set up a special channel for e-commerce goods, so as to meet companies’ customs clearance needs. (Translated by Jin Haiqiong, edited by Kendra Fiddler)