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An Investment Cooperation Agreement on the Cross-border E-commerce North China Headquarters Project of Cainiao Network Signed in Tianjin Port Free Trade Zone

A few days ago, an investment cooperation agreement on the cross-border e-commerce north China headquarters project of Cainiao Network was signed in Tianjin Port Free Trade Zone. By virtue of this project, which has a total investment amount of USD 32 million, Cainiao Network plans to set bonded warehouse in this zone, to take the operation mode of bonded goods preparation, and to realize efficient warehousing, sorting, packing, circulation processing and distribution of various commodities in the warehouse relying on Big Data, the Internet of Things and intelligent technologies. After the project is put into use, it will play a positive role in promoting the development of cross-border e-commerce in Binhai New Area. It is estimated that this project will realize 11.68 million transactions with total volume of RMB 2.3 billion in 2020, 18.25 million transactions with total volume of RMB 3.6 billion in 2021, and 21.90 million transactions with total volume of RMB 4.3 billion in 2022.

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