City Plans to Create an Online Retailing Hub
Commerce officials are now accepting applications from businesses that are interested in joining a planned online retailing hub. The hub aptly named the Shenzhen Mall was developed to help local companies to reach a wider market in the e-commerce platform.
Shenzhen will be selecting 10 third party e-business transaction platforms, 30 e-business service companies, 300 online shops, 30 online department stores 1,000 traditional companies and e-business public service organization to become the pioneering batch of businesses in the mall. The e-commerce public service and sales will be guided by the Shenzhen Municipal Government and is operated by the Shenzhen Press Group which then promotes local companies and its products to the domestic and international markets.
One of the requirements of third party e-business transaction platforms that they must be legal companies with a registered capital of no less than 10 million yuan and must have a transaction volume of at least 10 million yuan in 2011. Plus the number of the business to business companies that will be eventually registered on the platform will be at least 5,000 and the business to consumer companies will be around 200.
Experts say that the Shenzhen Mall will have a reputable and outstanding platform that offers convenient services and quality products to consumers at reasonable prices. The Mall will also make use of the city’s industrial advantages in promoting products manufactured in the city to the world.