The city of Hanzhou, where the Chinese e-tailer Alibaba has its head offices, has revealed plans of making the city a center for cross-border e-commerce, according to Chinese news platform Xinhua.net. The center will amongst other services include information sharing, financial services and statistical monitoring in order to promote global e-commerce.
To fight the common battles of today’s commerce between countries, the city will also introduce easier ways of handling tax refunds and customs clearances.
5,000 E-Commerce Companies and 10 E-Commerce Parks
According to the plan, which was established in March 2015 by the local government, the city will hold more than 5,000 e-commerce companies that sell goods across the borders, at least 10 cross-border e-commerce industrial parks and more than 20 cross-border e-commerce incubation platforms by the end of 2017.
About $30 billion of exports and $10 billion of imports is expected to see the light of day through the new platform, according to Xinhua.net.
Hangzhou is situated an hour south of Shanghai, and is sometimes titled "China’s Silicon Valley". According to business news site China Briefing the city has in the last 20 years or so attracted businesses from more than 50 countries. Hangzhou’s first e-commerce park was established in July 2013.