Shenzhen launches big data platform to serve the city’s cross-border e-commerce community
- The platform, set up in the economic zone of Qianhai, is the first trade data platform approved by China’s customs authority
- It gathers data shared by government agencies and connects to a network of trading firms and logistics service providers, officials said
Shenzhen, the southern Chinese tech hub, has set up the country’s first platform that uses big data collected by the government to support cross-border trade, as e-commerce becomes increasingly vital to the Chinese export industry.
The pilot initiative, which is the first trade data platform approved by China’s General Administration of Customs, will make its big data service available to companies, regulators and local governments, according to an announcement on Sunday by the Qianhai economic zone, an area in west Shenzhen neighbouring Hong Kong.
The platform gathers data shared by various agencies – including the customs, tax, foreign exchange, and port authorities – and connects to a network of trading firms, logistics service providers and financial institutions to create a “cross-border trade service ecosystem”, the announcement said.
The platform has already been used by authorities in three areas, including the analysis of shipping data to strengthen customs surveillance in ports, provision of customs statistics to support local policymaking, and development of a “smart tax rebate” system to help tax and customs officers crack down on fraud.
It has also helped accelerate the pricing, taxation and clearing processes for fruit consignment traders, according to the Qianhai government.
The new initiative is expected to boost Shenzhen’s growing cross-border business, which is one of the core industry clusters that Qianhai aims to cultivate. E-commerce imports and exports passing through Qianhai’s customs jumped 49.6 per cent in the first 11 months of this year, totalling 205.3 billion yuan (US$29.5 billion), according to official data.
To promote growth of the industry, Qianhai has actively lobbied cross-border e-commerce platforms – including JD.com, Pinduoduo and Wish – as well as international shipping giants United Parcel Service and DHL Express, to set up operations in the economic zone.
Shenzhen, one of China’s first special economic zones, has long been a major export hub. With the rise of e-commerce, local manufacturers took to selling goods directly through international platforms like Amazon.com. The city made up about 35 per cent of China’s cross-border e-commerce industry last year, according to the Shenzhen Cross-Border E-commerce Association.