Helping sellers to run at an "accelerated" pace, good news comes from the cross-border circle again!

In recent years, under the general trend of the continuous development of the digital economy, the cross-border e-commerce export industry has also ushered in new development opportunities.

In the era of digital economy, the breakthrough development of digital technology has given rise to continuous innovation in e-commerce models and formats. The digital economy is also constantly empowering the cross-border e-commerce industry, helping sellers to run at an "accelerated" pace.

On December 5, 2023, the launch conference of the cross-border e-commerce full-mode sunshine platform jointly organized by Shenzhen Mingxin Digital Intelligence Technology Co., Ltd. (hereinafter referred to as Mingxin Digital Intelligence) and Shenzhen Southern Electronic Port Co., Ltd. (hereinafter referred to as Southern Electronic Port) was successfully held at Shangri-La, Futian, Shenzhen.

The theme of the press conference was "Digital Empowerment, Sunshine Cross-border - Press Conference on the Full-mode Sunshine Public Service Platform for Cross-border E-commerce". Relevant leaders from Shenzhen Municipal Bureau of Commerce, Shenzhen Customs, Shenzhen Municipal Taxation Bureau, Shenzhen Branch of the State Administration of Foreign Exchange and other departments attended the launch ceremony and witnessed the signing of the companies. Relevant persons in charge of some district-level commercial authorities, cross-border e-commerce regulatory stations, banks and nearly 200 cross-border e-commerce companies participated in the event.

Transparent compliance promotes high-quality development of cross-border e-commerce

With the support of a series of policies such as the "Golden Tax Phase IV", the "sunshine and compliant development" of cross-border e-commerce has become a general trend, and cross-border enterprises have put forward new demands on platforms, logistics, payment, settlement, customs clearance, tax refunds and other links.

During the launch ceremony of the full-mode sunshine public service platform for cross-border e-commerce, leaders from nine units including the Shenzhen Municipal Bureau of Commerce and some district commerce departments jointly participated in the launch ceremony of the full-mode sunshine public service platform.

Subsequently, as digital platforms with rich technical and service advantages in the three links of "customs, exchange and tax", Shenzhen Mingxin Digital Intelligence Technology Co., Ltd., Shenzhen Nanfang Electronic Port Co., Ltd. and Shengwan Hongda (Shenzhen) Technology Service Co., Ltd. jointly signed an agreement to promote the public service platform for the full mode of cross-border e-commerce. This also indicates that cross-border e-commerce companies have practical digital solutions to support the sunshine declaration of "customs declaration, exchange settlement and tax refund", marking the phased development of the cross-border e-commerce sunshine pilot work in the B2C field.

Since the State Council approved the establishment of the cross-border e-commerce comprehensive pilot zone in 2016, after years of exploration and practice, Shenzhen has achieved remarkable results in the scale of the cross-border e-commerce industry, market entities, development environment, and innovation ecology. The cross-border e-commerce development foundation is good and the first-mover advantage is obvious. Data shows that in 2022, Shenzhen's cross-border e-commerce imports and exports increased by about 2.4 times, and continued to maintain a high growth momentum in 2023, with active market entities and smooth logistics. While cross-border e-commerce is growing rapidly, sunshine and compliance development has also become a general trend.

At the same time, since the 18th National Congress of the Communist Party of China, a new economic form with modern information networks as an important carrier has been proposed, with data resources as the key element, modern information networks as the main carrier, and the integrated application of information and communication technology and the digital transformation of all factors as important driving forces. Especially during the "14th Five-Year Plan" period, China's digital economy has shifted to a new stage of deepening application, standardized development, and universal sharing. The healthy development of the digital economy will be conducive to promoting high-quality economic development.

This press conference was based on the premise of empowering cross-border transparent and compliant development with the digital economy, and proposed the construction of a transparent public relations service platform for cross-border e-commerce. At the scene, Mingxin Digital Intelligence, Southern Electronic Port, Shengwan, and Penghai Shipping demonstrated the digital solutions of "customs, exchange and tax" to more than 200 representatives of cross-border e-commerce related companies present.

Starting from the pain points of export tax rebates, Mingxin Digital Intelligence's tax rebate digital SaaS platform - Kuafu System, through the interpretation of multiple functions such as "AI intelligent customs declaration, logistics track tracking, tax rebate declaration risk investigation, transaction order verification, warehouse monitoring, production capacity monitoring, corporate operation evaluation, etc.", demonstrates that Mingxin Digital Intelligence-Kuafu System uses multi-dimensional data verification to standardize the tax rebate declaration workflow, and can provide early warning, early compliance, and manage the company's business compliance from the source.

Zeng Weijia , Chairman and CEO of Mingxin Digital Intelligence , said that in the context of the digital economy, the "sunshine" trend and "high-quality development" of the cross-border e-commerce industry are the common expectations of all industry practitioners. Mingxin Digital Intelligence has been committed to deeply mining and integrating multi-dimensional industry data, forming scenario-based digital intelligence capabilities through data intelligent analysis and modeling. The cross-border e-commerce system empowers the sunshine development of cross-border e-commerce through digitalization, and has a stronger sense of mission and confidence.

In the subsequent roundtable dialogue session, hosted by Yuan Tianci, general manager of Mingxin Digital Intelligence, and jointly with Sun Jianan, chairman of Shengwan Hongda, Hong Peilin, assistant director and director of Shenzhen E-commerce Center, Yang Shu, deputy general manager of the International Business Department of Shenzhen Branch of China Construction Bank, Liu Xu, deputy general manager of the International Business Department of Shenzhen Branch of Industrial and Commercial Bank of China, Zhang Ping, general manager of the International Business Department of Shenzhen Branch of Bank of Communications, and Dong Jiamin, founder of Yifeng E-commerce Academy, discussed the theme of "How digitalization can help the transparent development of cross-border e-commerce", and shared their insights from the perspectives of customs duties, financial institutions, and sellers. Yuan Tianci introduced the current pain points in the industry from the perspective of tax refund, and how the cross-border tax refund system solves the problem of cross-border e-commerce tax refund difficulties through digitalization, and shared with many companies the experience in the process of digitalization practice, as well as the future digitalization outlook of the cross-border e-commerce industry under the theme of "Digital empowerment of sunshine cross-border".

This press conference is an important milestone in the transparent development of cross-border e-commerce in Shenzhen. It is of great significance to promote the compliance and high-quality development of cross-border e-commerce. It is also a matter of real concern to cross-border e-commerce sellers and their rights and interests. In the future, Mingxin Digital Intelligence -Kuafu System will continue to provide digital sunshine compliance services to cross-border e-commerce companies based on its own tax refund digitalization and industry data capabilities, and work with Southern Electronic Port and Shengwan to build a full-mode transparent public service platform ecosystem to help the high-quality development of the cross-border e-commerce industry.

Digital Economy

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