BABA(US:BABA) Hang Zhou Ri Bao·2025-07-11 02:35Core Insights - The 2025 Global Cross-Border E-commerce Trade Expo opened in Hangzhou, attracting 65,000 attendees on the first day, showcasing a vibrant atmosphere with various stakeholders from the cross-border e-commerce industry [12]. Group 1: Event Overview - The expo featured 39 cross-border e-commerce platforms, 150 service providers, 1,000 source factories, 100 universities, and 100 recruiting companies, facilitating one-stop matching for businesses [12]. - The event highlighted the presence of customs, tax, banking, immigration management, and legal consultation booths, indicating comprehensive support for cross-border e-commerce [12]. Group 2: Product Highlights - Notable products included a multifunctional atmosphere lamp exhaust fan from Jiaxing Zhouyang Electric Co., which has gained popularity on Amazon in the U.S. after a year of development with an investment of approximately 3 million yuan [13]. - Sanfu Technology showcased its smart door control systems, emphasizing the success of its products in overseas markets, particularly in the U.S. and Australia [13][14]. Group 3: Platform Developments - Yandex Market reported over 500% growth in GMV in the first half of the year and plans to recruit 50,000 cross-border sellers in China, establishing a seller service center in Hangzhou [15][16]. - HKTVmall, a major e-commerce platform in Hong Kong, aims to expand its presence in mainland China, having already established partnerships in several cities [16]. Group 4: Service Ecosystem - Alibaba's cross-border industrial parks provide a comprehensive ecosystem for businesses, integrating logistics, payment solutions, and talent training to support companies in global markets [17][18]. - The event attracted 150 quality service providers covering over 30 core service areas, showcasing Hangzhou's superior cross-border e-commerce service ecosystem [20].