21 January 2019

Qingdao gets nod for e-commerce service test, paper says

China’s customs authorities have given Qingdao the go-ahead for a pilot cross-border electronic commerce services scheme, the China Securities Journal reported Thursday. According to customs figures, delivery companies in the city, including the postal service, handled about 4.72 million inbound and outbound parcels last year, of which over 80 percent were for items bought online. Qingdao has around 130,000 small and medium-sized enterprises with 2 million yuan (US$330,000) in registered capital, and about 60 percent of those are in cross-border e-commerce, the report said. 

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