WUZHEN, China--(BUSINESS WIRE)--The World Internet Conference celebrated its fourth Summit in Wuzhen, Zhejiang Province, from December 3rd to 5th, with the theme of "Developing the Digital Economy for Opening up and Sharing - Working Together to Build a Common Destiny for Cyberspace." Ms. Diane Wang, Chair of Chinese Cross-border E-commerce 50 Forum, Co-Chair of the Micro, Small and Medium Enterprises & Entrepreneurship Working Group (MSMEEWG) of APEC Business Advisory Council, as well as the founder and CEO of DHgate, was invited to attend the summit as a representative of the digital trade industry, together with about 1500 participants.
During the Summit, Ms. Diane Wang proposed the "Chinese Digital Trade Model" to the participant guests from the internet industry, and expressed that the Digital Trade Intelligence System (DTIS) developed by DHgate.com is opening up a whole new era for the trade industry in the digital economy.
In 2017, with the development of cloud computing, big data, artificial intelligence and other technologies, the world has entered into the digital era. Digital trade is the inevitable result of globalization and digitization. Ms. Diane Wang said that, as China moves from the consumer internet to the industrial internet, Chinese internet enterprises such as DHgate, created a brand new "Chinese Digital Trade Model," which has three major characteristics: innovative business Model, promotable industrial standards, and replicable innovative practices, all to bring new opportunities for more economies and to empower more Small-and-Medium-sized Enterprises (SMEs) to access global markets through digital trade.
(Ms. Diane Wang in the World Internet Conference Wuzhen Summit)
China Bringing the “Chinese Digital Trade Model” to the World
According to a report published by the McKinsey Global Institute, titled "China’s Digital Economy: A Leading Global Force," the digital transformation in China does not only have a profound impact on its own economy, but will also affect the global digitalization process.
Ms. Diane Wang pointed out that, in the era of the new globalization and “Internet+,” internet enterprises in China are leading the trend of digital trade. With 13 years of best practices and innovation, DHgate created the Digital Trade Intelligence System (DTIS), which includes
- The nation-to-nation bilateral cooperation on digital trade such as the China-Turkey and China-Peru agreements initiated by DHgate, with the aim to facilitate cross-border trade through digital platforms, including custom clearance, inspection and quarantine, tariff and currency exchange, etc.
- A global capacity building program for digital trade to enable entrepreneurs to access global markets through digital platforms, and
- Innovative business models such as the intelligent Digital Trade Center (DTC) – the online-offline integrated cross-border trade solution center.
Overall, these best practices and innovations could be replicated in more economies, and the digital trade business model and industry standards created by DHgate will contribute to build the new global business model and global standards.
Chinese Digital Trade Model, Endorsed by World Leaders
During the recently concluded APEC CEO Summit in Vietnam, Ms. Diane Wang, as Chinese Member to the APEC Business Advisory Council, proposed the Digital Trade Initiative to APEC economic leaders, and advised leaders on how to maximize the advantages of the digital economy and digital trade, and help SMEs to access global markets through digital trade. APEC leaders strongly agreed with Ms. Wang’s proposal, expressing that they will bring the initiative back to their respective economies to promote the development of cross-border e-commerce and digital trade in their own economy.
DHgate is driving the in-depth integration of the Internet with different industries, and promoting the transformation, upgrading and innovation of business model.
DHgate was established in 2004 as China’s first B2B cross-border e-commerce transactional platform dedicated to enabling Small and Medium-sized Enterprises to go global through cross-border e-commerce. Today, DHgate serves more than 14 million registered international buyers from 222 countries and regions, connecting to over 1.7 million Chinese registered suppliers, with over 7.7 million products listed on the platform.