On September 14, the China International Service Trade Fair announced 100 demonstration companies in 2021. Among them, the “RAKUMART” (the B2B digital trading platform) project of Yiwu Hedao Electronic Commerce Co., Ltd. was named the Demonstration Case of Business Innovation, and the project “Digital Trade Application of Yiwu Digital Supervision” of Yiwu Digital Port Technology Co., Ltd. was awarded as the top Service Case in China.

Hedao E-Commerce Co., Ltd. was established in 2016 and is the operator of RAKUMART, an export platform for all categories of products made in China. Established in August 2020, Yiwu Digital Port Technology Co., Ltd. is committed to the construction and operation of digital infrastructure for the transformation and upgrading of Yiwu’s international trade, creating an international trade public service platform integrating customs clearance, settlement, taxation, and supply chain services.

Presently, Yiwu is accelerating the construction of the International Trade Reform Pilot Zone, the Free Trade Zone, and the Import Trade Promotion Innovation Demonstration Zone, deepening the new round of reform and opening up, planning to create an innovative digital supervision model for digital comprehensive bonded zone projects, and promoting the development of new industries, business formats, and models in comprehensive bonded zones. (By Luo Yi, translated by Zhang Jiajia, edited by Kendra Fiddler)