Alibaba International Station upgrades Euro transaction orders to help small and medium-sized foreign trade merchants prepare for the winter purchasing peak season

Due to repeated impacts of the global epidemic and insufficient international logistics capacity, domestic small and medium-sized foreign trade enterprises are facing serious challenges in cross-border trade, and order acquisition and shipment fulfillment are affected to varying degrees.

Recently, Alibaba International Station's cross-border supply chain officially launched the second "December Cross-border Trade Shipping Festival " . The Shipping Festival will launch various preferential policies for foreign trade companies in terms of order service fees, logistics, supply chain finance, etc., to help small and medium-sized foreign trade companies to gain benefits from serving the supply chain and find efficiency from the entire chain.

" Receive payment with peace of mind and receive goods without worries. " is the main purpose of this Alibaba International Station Shipping Festival.

Since 2021 , global cross-border logistics container freight rates have increased by 5-10 times, and air freight rates have increased by 21% , nearly four times compared to before the epidemic (data source: CICC Research Department). The global container liner punctuality rate has fallen by more than 50% compared to before the epidemic , reaching a historical low (data source: Shanghai Shipping Exchange, Alibaba International Station platform). During the "December Cross-border Trade Shipment Festival " , Alibaba International Station's cross-border supply chain will cooperate with internationally renowned logistics service providers and world-leading shipowners to launch 8 national special lines with a reduction of 50 yuan per order ; 19 worry-free lines will return points for full amounts; China-Europe railway lines will reduce 100 yuan per order; China-US express lines will reduce 150 yuan per order , etc. Help foreign trade merchants provide more price-competitive logistics services and ensure logistics experience in an environment where market logistics costs are constantly rising.

Exchange rate fluctuations also bring visible profit losses to foreign trade merchants, which is one of the long-term pain points of small and medium-sized foreign trade merchants. The stable Society for Worldwide Interbank Financial Telecommunication ( SWIFT ) released data in June 2021 showing that the euro has surpassed the US dollar to become the world's most important payment currency (accounting for 39.03% ).

In view of this, in order to better assist small and medium-sized foreign trade merchants to make online transactions during the winter procurement peak season, in December , Alibaba International Station's cross-border supply chain upgraded its Euro transaction orders, enabling online orders to be priced in Euro, payment pending accounts, and settlement withdrawal functions, supporting sellers to withdraw Euros without having to convert Euros into US dollars, thus reducing exchange costs.

It is understood that during the "December Cross-border Trade Shipping Festival " , merchants can enjoy benefits such as 50 % off service fees for One-stop export agency, market procurement export, self-operated export orders, interest-free business loans, and interest-free letter of credit financing.

At the same time, from December 7 to 30 , the December Cross-border Trade Shipping Festival National Tour Forum will be launched in Guangzhou, Qingdao, Xiamen and other cities to explain digital supply chain services to local merchants and better help merchants fulfill their contracts efficiently and at low cost.

Alibaba

Euro Trading

Merchants