download (9).jpg (Photo : Reuters)
Chinese logistics company Winit Corp and international e-commerce juggernaut eBay have inked an agreement that gives Chinese vendors the capability to transact with foreign consumers against a background of rapid increase in online cross-border transactions.
The Shanghai-based logistics firm will provide a one-stop cross-border chain of supply service to the Chinese vendors selling on eBay. This allows for a faster and more efficient delivery process from the foreign warehouses to the consumers.
eBay vice president and eBay China managing director John Lin said that their cooperation with Winit should help the Chinese vendors take advantage of the better warehouse-buyer delivery process.
Lin also hopes that it will allow the sellers to have a bigger role in international trading, and that it will foster a stronger connection between Chinese exporters and international buyers.
The improvement in the logistics process is one of the determining factors in attracting global consumers for the continued growth of e-commerce transactions. Cross-border trading comprises nearly 22 percent of the overall transactions of the California-based e-commerce company.
The new logistics service dubbed as "ship first, sell later" allows Chinese vendors to level the field with its foreign competitors by making improvements on their logistics efficiency while cutting down on delivery cost.
Recently, eBay announced that it will be splitting off with PayPal, which processes millions of online payment transactions for the former. The PayPal support will be officially off next year.
eBay was founded in September 1995. It started as an online shopping and auction website.
