Expectation on Internet -- Launching Ceremony of Chinayie.com Held in Shanghai

GYIE Cross-border  CEO Ju Aiwei 
 

As one of the largest domestic cross-border E-commerce platforms for bulk commodities, GYIE cross-border E-commerce platform for bulk commodity (hereinafter referred to as “chinayie.com”) takes the cross-border transaction of bulk commodity as the main business. With the latest information technology research and development in the world, chinayie.com integrates many services such as the bulk commodity online trading, the market information, the cross-border direct connection, the warehousing & logistics, the online payment and the financial derivatives appreciation, so as to provide services in whole industry chain for enterprises engaged in various links of cross-border trade of bulk commodity. 

“As a rising strategic industry in China, the cross-border E-commerce is in the ascendant in recently years, already becoming the new mode, highlights and trend for the foreign trade. In addition, China, the main purchaser of the bulk commodity, plays a decisive role in the global economic structure. Through the E-commerce platform, China’s keen demand on the raw materials of bulk commodity can be met by purchasing from excellent international partners in an intensive, convenient and sustained way. And the international promotion can be made for the excellent products made by China's manufacturing industry, which means more made-in-China products attractive in price and quality can be provided to the international partners, thus deepening the economic and commercial intercourse between China and other countries.” Feng Bing, Vice President of China Association of Enterprises and China Entrepreneur Association, made a speech in opening remarks. 

To a large extent, chinayie.com, focusing on the cross-border E-commerce, fills in the gap in China’s international procurement and output of the bulk commodity. On the one hand, compared to the traditional foreign trade, chinayie.com effectively cuts down the intermediate link, resolve the overcapacity problem, remodel the international industry chain, and promote the mode transformation of foreign trade development; on the other hand, chinayie.com integrates multiple advantages of the massive commodity information databases, the intelligent commodity retrieval and the easy mode of delivery and settlement, so as to help development of the medium, small and micro-sized enterprises. In the over-all situation of rapid development of global E-commerce, chinayie.com will produce far-reaching significance and value in the total national economy of China as well as the import and export trade field. 

 

 

In this June, the General Office of the State Council issued the Opinion on Promoting Healthy and Rapid Development of CBEC, aiming to strengthen the reform and service awareness, encourage enterprises to explore and make innovations, as well as effectively prevent and control risks. In addition, the Opinion also puts forward specific requirements on the improvement of security system in aspects such as building the comprehensive service network, standardizing the operation of the cross-border E-commerce, mobilizing the industry associations and strengthening the multilateral international cooperation. 

This provides chinayie.com the advantageous conditions, so chinayie.com has the courage to bring forth new ideas and dares to be the first. “During transaction of cross-border bulk commodity, a number of middle and small-sized enterprises cannot provide the letter of credit necessary in the international trade, so are difficult to make negotiations and trades with foreign excellent buyers.” “GYIE mainly serves middle and small-sized enterprises,” said Ding Mingde, Chairman of Shanghai GYIE Cross-border E-commerce Co., Ltd., “and introduces the excellent foreign bulk commodities as well as globalizes the domestic middle and small-sized enterprises.” 

Among many E-commerce platforms for bulk commodity with varying quality, chinayie.com, vowing to be the pricing indicator for the domestic bulk commodity, rapidly expands in the whole industry chain with its advantageous services such as the real-time offer, the free matchmaking, the financing business, the cross-border direct connection, the warehousing logistics and the big data, thanks to the policy advantages given by 18th CPC National Congress and the 3rd, 4th and 5th Plenary Session of the 18th CPC Central Committee. 

In less than one year from the end of 2014 to 2015, GYIE, mainly focusing on the chemical material trade, had its online trading volume exceeding CNY 50 billion. Its trade share accounts for 30% of national trading volume and 70% of turnover in Eastern China. Currently, GYIE has become the private enterprise with the quickest development and the largest scale in the domestic field of cross-border E-commerce for the bulk commodity. Not only does this show the clear strategic positioning made by the management of chinayie.com, who have keen insight in development tendency of the new strategic industry, but also this proves that the cross-border E-commerce of China will make great contribution. During an investigation on the comprehensive test site of the cross-border E-commerce in Zhejiang, Premier Li Keqiang pointed out that “the cross-border E-commerce, if fully developed, may be the new engine for China in future.” GYIE is flourishing. 

 

 

Liu Guchang, former Vice Minister of Ministry of Foreign Affairs of the PRC and current Director of China Foundation for International Studies pointed out the advantages and development prospects of chinayie.com from the perspectives of the good opportunity, the favorable geographical location and the support from the people. 

“Regarding the good opportunity, with the Internet technology experiencing rapid development, and thanks to the subsequent online transactions which are more and more convenient, chinayie.com comes into being at the right moment. It is highly corresponding to a series of national policies such as ‘One Belt and One Road’, accelerating economic development of ‘Internet +’ and promoting healthy and fast development of the cross-border E-commerce. As for the favorable geographical location, the development of enterprises depends on financial supports. This is especially true for GYIE mainly focusing on the block trade and commodity. GYIE is just located in Shanghai, the International Finance Center, better than other cities as regards the financial total, the financial technology and the financial innovation. In terms of the support from the people, GYIE has obtained supports from all sectors of society, thanks to its good team and stable customer source. ”

On the launching Ceremony, Wang Shugang, Vice President of China Petroleum and Chemical Industry Association as well as Chairman of China Chemical Enterprise Management Association said that “GYIE is an online service platform especially designed and developed for the cross-border bulk commodity transaction, under the trend of the booming development of economy of Internet +. As far as I know, GYIE, though established not long ago, has clear strategy, clear thinking, highlighting and strong team, thus experiencing rapid development and obvious development effect. This is not only due to the advantages of talents and operation of GYIE, but also its innovation. ”

Through chinayie.com, a series of problems such as the customs declaration, the warehousing, the logistics and the financial service can be solved in a one-stop way, thus greatly shortening the trading hour of the contracting parties and strengthening the liquidity of the business capital. GYIE determined the utmost purpose of “no profit motive, and let more small and medium enterprises enjoy high-quality and professional service for free” when chinayie.com was established. Nowadays, all services enjoyed by customers on chinayie.com are almost free. In the tendency “hundred boats compete to win”, chinayie.com cares the country and private enterprises, gives a hand to small and medium enterprises with weak economic power and high capital cost pressure, which can save valuable capital cost, enjoy safe and rapid professional services, broaden distribution channels and reduce market risks. 

Adhering to the core values “benefit the nation and people, win-win for the industry and the company, serve the community, and own more experience”, Chairman Ding Mingde and the top management team uphold the business principle of “Honesty First & Integrity-based”. And the enterprise spirit of “struggling for success, seeking truth and innovation” leads to a good management effectiveness as “people oriented & scientific and standardized”. The objective is to create wealth for society, gather strength for enterprises, add value for shareholders and win interests for the employees. Influenced by Chairman Ding Mingde, GYIE staff also seizes their opportunities, vowing to build chinayie.com into another Alibaba in the bulk commodity field in China. 

 

 

“Over the past 20 years, along with the prosperous cross-border bulk commodity trade, a number of institutions engaged in trade, matchmaking and warehousing logistics as well as consulting companies enter the market, resulting in a messy situation such as varying quality, overcapacity, increased links, low efficiency as well as malicious and cutthroat competition. Owing to disharmony between the traditional bulk commodity cross-border trade and informatization process in China, the market has an urgent need to meet the arrival of industrial trade era 4.0 combining Internet and Mobile Internet,” said Chairman Ding Mingde, as he sets forth the historic mission of chinayie.com and shows the guests how chinayie.com applies E-commerce to develop cross-border trade. 

“As the technical basis of advancing economic integration and trade globalization, the cross-border E-commerce breaks through obstacles among countries to usher international trade to the borderless trade. Especially, driven by national strategies such as ‘One Belt and One Road’ and ‘Internet +’, GYIE company makes prudent determination to take bulk commodities dominated by production goods as the mainstream of trade, in order to response to the national call and keep in step with domestic and overseas markets. As thus, GYIE can ride on the momentum and strengthen operation, so GYIE cross-border E-commerce emerged at the right moment. ”

GYIE’s business model refers to that the trade subjects in different customs areas conclude transactions via E-commerce platform, make payment and settlement, as well as complete transactions by the cross-border logistics of chinayie.com. As for the chemical industry, GYIE has built a multilateral economic and trade cooperation mode which is open, multifaceted and three-dimensional. This mode can greatly expand the access to the international market and promote the optimal configuration of multilateral resources as well as mutual benefit between enterprises. 

Chairman Ding Mingde’s words are full of confidence and ambition for the future of the cross-border chemical field. Thus we can see his modest attitude and open mind.