News

November 22, 2019

Singles Day orders soar at Waigaoqiao Bonded Logistics Park

The Waigaoqiao Bonded Logistics Park received 286,900 cross-border logistics orders from JD.com and smaller e-commerce companies during the Singles Day Shopping Spree, ranking second among all cross-border e-commerce pilot zones in the city.

The logistics orders from JD.com ranked third among all of the company’s bonded warehouses across the country.

The park has extended its supervision scope from order scanning service to the end of the assembly line so as to meet the demands of large e-commerce enterprises, such as JD.com, and ensure efficient customs clearance of parcels.

Currently, a batch of 35 cities, including Hangzhou, Tianjin, Shanghai and Chongqing, has established comprehensive cross-border e-commerce pilot zones.

The Shanghai Free Trade Zone Bonded Area has played an important role in the city’s cross-border e-commerce development. On March 15, the Shanghai Cross-border E-commerce Model was established, which covers the Waigaoqiao Bonded Area, the Waigaoqiao Bonded Logistics Park, Yangshan Port and Pudong International Airport.

A new regulation clarifies that starting from next year, taxable income rate will be determined as 4 percent for retail export enterprises that have not achieved valid purchase certificates and enjoy exemption for added-value and consumption taxes.