Dunhuang Network CEO Wang Shutong: Foreign Trade Providers Will Now Be Turning Point

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Under the situation of complex traditional environment of foreign trade, P can be seen as an outgrowth.

Although the attention of foreign trade B2B platform is not so eye-catching as that of domestic B2C, they continue to expand their market in a low profile.

From 2004 to now, the Dunhuang platform of foreign trade B2B platform has gone through nine years. Its CEO Wang Shutong believes that the market of foreign trade electricity providers is huge today, especially China will introduce relevant support policies to cross-border e-commerce providers. Foreign trade B2B industry is expected to bid farewell to the original calm and usher in more opportunities and challenges.

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< p > < strong > foreign trade business is unique. < /strong > < /p >

After the P global economic crisis in 2008, the pattern of China's foreign trade has undergone tremendous changes.

Not only the growth rate of foreign trade has slowed down, but also the mode of foreign trade paction has changed.

The export mode of large single container has been pformed into a small single and multi frequency fast trading mode.

Under the influence of the economic environment, the demand for large procurement customers has dropped sharply, but at the same time, this has brought more vitality to the small procurement mode.

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< p > Wang Shutong introduced that it used to be a large list of only 1 $1 million a year, but now there are 100 small orders of 10 thousand dollars a year.

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< p > is precisely the decline of the traditional environment of foreign trade, allowing enterprises to see the way out for foreign trade business.

Today, the foreign trade situation is grim, manpower, material resources and raw material costs have risen. For the traditional mode of foreign trade, the excessive supply chain leads to lower profits, while the business mode of foreign trade providers is more active, shortening the intermediate links and bringing more profits.

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< p > Wang Shutong said, now more and more traditional foreign trade enterprises begin to set foot in e-commerce, and make use of the electronic business platform to carry out business pformation and upgrading.

Dunhuang network is also actively doing a good job in B2B platform services, and has launched the "information port" and "brand mall" strategy for foreign trade enterprises and Chinese local brands.

Wang Shutong, who is also the representative of the APEC Business Advisory Council, believes that through the investigation within the APEC, she has seen the leading role of China's foreign trade electronic pactions. Entrepreneurs in many countries are surprised that these are not even exist in developed countries.

She believes that in the era of e-commerce, China has the opportunity to become a world trade center.

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< p > < strong > the growth of supply chain finance merchants is less than /strong > /p >

< p > as early as 2009, the Dunhuang network subverted the way of physical mortgage loans in banks, and the new loan mode of first order and pre order mode. In recent years, it has provided small and medium loan financing services to SMEs through cooperation with relevant institutions such as China Construction Bank, China Merchants Bank and Minsheng Bank.

Wang Shutong believes that Dunhuang network should serve all businesses in an all-round way, and promote the growth of more than one million merchants.

Those who have received loans from Dunhuang reflect that through the improvement of supply chain finance, the order completion rate has increased, the average return period has decreased, and the efficiency has been improved.

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< p > Wang Shutong said, making the supply chain finance benefit from the advantages of "three streams and one in one" of Dunhuang's capital flow, logistics and information flow, and accumulated huge real-time paction data in nine years, which can effectively help banks to make loan financing judgment, and also help merchants to apply for online loan application, which saves much time and energy.

So that merchants and Dunhuang can form a strong resultant force. This is one of the main functions of Dunhuang network as a B2B platform.

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< p > it is learnt that the supply chain finance of Dunhuang network relies on banks, does not provide its own funds, mainly provides data information for banks, most of the historical income is still bank income, which is different from other enterprises that make Internet finance.

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< p > < strong > foreign trade business to the turning point < /strong > < /p >

< p > with the recent Ministry of Commerce issued a series of support for cross-border e-commerce advice, foreign trade business policy barriers are gradually melting.

Wang Shutong said that many regional governments have begun to take action to promote regional traditional enterprises to take the road of electric business with actual combat training and so on, so as to build a good foundation for training localized third party service providers.

After the "opinion" has been issued, some local governments are formulating specific measures to actively promote the further development of foreign trade business.

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Less than p ago, the Yiwu Municipal People's government reached a strategic cooperation agreement with Dunhuang to jointly build the "Yiwu global network cargo center", which will seamlessly link up tens of millions of commodities between Yiwu and Dunhuang platform, thus conducting direct marketing in the global market.

In addition to Yiwu, Shanxi, Ningbo and other places have signed a strategic cooperation agreement with Dunhuang network, Dunhuang will help more local enterprises as soon as possible to embark on the pformation of foreign trade business.

Wang Shutong said that China is ushering in a good opportunity to speed up and expand e-commerce.

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