The 2nd APEC Cross-Border E-Commerce Training Workshop
The twosd The APEC Cross-Border Electronic Commerce Training Workshop (APEC CBET II), hosted by the Ministry of Commerce of the People’s Republic of China, supported by the co-sponsorship of DHgate, Hong Kong, China, Indonesia, Peru and Russia , was successfully completed in Beijing. Renowned speakers, including famous academics and experts, senior executives from professional associations and the private sector, shared unprecedented insights and experience in the development of the digital economy. Government officials from more than 10 APEC economies, including Canada, Japan, Singapore, Thailand and others, as well as several PRC ministries and departments and other representatives, making a total of more than 150 people participated in the workshop.
APEC CBET II covers a wide range of topics, including challenges and opportunities in global trade, the integration of APEC’s digital economy, trends in cross-border e-commerce, trade policies aimed at improving the efficiency and management of the supply chain and border reopening initiatives. . At the same time, it also focuses on execution, public policy making, standard operation, adoption of innovative technologies, cross-border payments, financial lending, logistics construction, new style of e-commerce with the latest marketing trends. Mr. Song Yang, director of the Department of International Trade and Economic Affairs of the Ministry of Commerce, said in his closing remarks: pandemic, which will benefit and deeply shape future APEC discussions in this regard.
According to a report by the World Economic Forum, total world trade fell by 8.9% in 2020, marking the worst recession since the financial crisis of 2008. However, innovative technologies represented by artificial intelligence (AI), digitalization and the Internet are becoming essential engines for the development of APEC and even the world economy, and further reinforces the upgrading of the global economic growth paradigm, which will reshape organizational methods, economic processes and profit. economic.
Changes are also occurring in the area of ââcross-border e-commerce. In August 2020, based on strong technical capabilities and rich experience in cross-border B2B practice, DHgate launched MyyShop, a cloud-based decentralized e-commerce SaaS solution that aims to help MSMEs, especially newbies. and start-ups. micro-traders, and monetize their social networks. MyyShop provides smart selection and distribution services, enabling dropshippers to quickly establish and evolve their business environment. It is committed to serving as a single platform providing services ranging from interactive site creation, selection of sources in reliable areas, selection of quality products to drop shipping, best distribution system of its category and friendly after-sales service. . It also supports synchronization with other social media channels and users’ e-commerce platform accounts to quickly monetize private domain traffic. Mr. Billy Deng, vice president of DHgate, said at APEC CBET II: âThe e-commerce boom caused by the pandemic has accelerated the growth of social e-commerce. MyyShop is an innovative supply chain solution in line with this global trend. We have helped over 30,000 African MSMEs in 3 months start cross-border e-commerce businesses on a thin budget. By 2025, MyyShop is expected to help 1.05 million MSMEs and individuals in Africa with this business model, which has strong innovation vitality and can be widely promoted in APEC economies as well.
To address the challenge that MSMEs still lack sufficient funds and credit to develop businesses, Ms. Zoe Zuo, COO of Tuotuo Digital, shared best practices of e-commerce lending launched jointly with China Construction Bank. By leveraging the neural network-based big data model, random forest algorithm and GBDT model, Tuotuo Digital was able to use millisecond-level operation and big data from various scenarios to build a model. effective risk control. With an AI-assisted decision-making system, it can complete the integration of loan / repayment activities between MSMEs and the bank in a second. While greatly simplifying and facilitating loans for MSMEs, it also manages risk in a healthy way.
Impacted by COVID-19, the lack of cross-border logistics capacity and soaring prices have attracted a lot of attention. In particular, the fivefold increase in shipping prices between China and the United States has become a hot topic. Mr. Oliver Wan, DHLink director of DHgate, called for regular meetings between governments of APEC economies to align logistics industry policies and oversight, give the international logistics industry more flexibility and space for development in the region and make prices more affordable. Expenses should return to normal as soon as possible, which can help MSMEs and individual practitioners reduce operating costs.
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