Pudong hosts e-commerce summit

Xu Lingchao
Last year, the total volume of online import-export trade in Pudong reached 1.98 billion yuan, accounting for 40 percent of the city's total volume.
Xu Lingchao

The first Pudong Digital Commerce Summit was held on Tuesday, when over 1,000 industrial insiders and government officials sat down to discuss the future of e-commerce in the Pudong New Area.

Industry giants like Amazon, Alibaba and Ebay shared their experience and visions for e-commerce in the area.

Wang Hua, deputy head of Pudong, said e-commerce, especially cross-border e-commerce, is the fastest-growing part of the digital economy in the area.

Last year, the total volume of online import-export trade reached 1.98 billion yuan (US$280 million), accounting for 40 percent of the city’s total volume. The figure grew even faster this year: The first six months have already witnessed 1.48 billion yuan in cross-border e-commerce trade, up 98 percent year on year.

A total of 20 companies signed agreements with Pudong at the summit to further push the development of the e-commerce industry.

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