Shiliuyun-Xinjiang Daily (Reporter Parizat Abdu) news: On October 12, 2024, the cross-border e-commerce import and export commodities exhibition and trading center located in the Kashi Comprehensive Bonded Zone in Kashi Prefecture, northwest China’s Xinjiang Uygur Autonomous Region, showcased an array of products neatly arranged on orderly display cases, dazzling to the eye. Over 3,000 cross-border duty-free commodities from Central Asia, Europe, America, Southeast Asia, and other regions have attracted many customers to experience the convenient and efficient offline international-products shopping.

Photo taken on October 12, 2024 shows an array of products neatly arranged on orderly display cases at the cross-border e-commerce import and export commodities exhibition and trading center located in the Kashi Comprehensive Bonded Zone in Kashi Prefecture, northwest China’s Xinjiang Uygur Autonomous Region. (Photo by Shiliuyun-Xinjiang Daily/Parizat Abdu)

The center covers an area of over 15,000 square meters and officially commenced operations in early September 2023. Unlike other cross-border e-commerce comprehensive pilot zones, Kashi Prefecture adopts a "bonded stock" model, where foreign suppliers can directly distribute goods to the bonded warehouse. By creating an integrated one-stop convenient shopping platform that combines "offline experience + online ordering + home delivery," it is possible to buy global products right at one's doorstep.

What is the cross-border e-commerce "bonded stock" model?

It refers to the practice where e-commerce enterprises store imported goods from overseas in bulk within customs special supervision areas or bonded supervision sites. When consumers place an order and make a payment on the e-commerce platform, the goods, after completing the necessary procedures to exit the bonded area, are directly delivered to domestic consumers in the form of express parcels.

"In other words, the goods that consumers order and pay for are directly shipped from the bonded warehouse to their hands," Xiong Yan, director and vice president of Hainan Free Trade Zone Dehang Co., Ltd (Cosmos), told the reporter.

Xiong Yan mentioned that compared to the traditional cross-border e-commerce model, the "bonded stock" model has advantages in terms of customs clearance efficiency, product quality, and cost-effectiveness. This year, the transaction volume of the trading center has exceeded 10 million yuan (about 1.4 million U.S. dollars).

The "bonded stock" model has also facilitated the smooth entry of Dubai gold jewelry into the Kashi cross-border e-commerce import and export commodities exhibition and trading center.

Wang Jiaxin, the marketing manager of Xinjiang Hechuang Meixin Technology Development Co., Ltd., introduced that in September of this year, the company settled in the trading center with the first batch of gold jewelry totaling over 200 pieces, valued at one million yuan (about 14.16 million U.S. dollars), imported directly from Dubai, United Arab Emirates. Consumers can scan the QR code of bonded goods at the center to place orders, or they can also place orders online.

Photo taken on October 12, 2024 shows a customer trys on gold jewelry at the Dubai Gold Jewelry case of Xinjiang Hechuang Meixin Technology Development Co., Ltd. at the cross-border e-commerce import and export commodities exhibition and trading center located in the Kashi Comprehensive Bonded Zone in Kashi Prefecture, northwest China’s Xinjiang Uygur Autonomous Region. (Photo by Shiliuyun-Xinjiang Daily/Parizat Abdu)

Xinjiang Hechuang Meixin Technology Development Co., Ltd. is a cross-border e-commerce company in Xinjiang. Its subsidiary, the Meilingou Imported Commodity Bonded Experience Center located in Urumqi City, has currently established cooperation with well-known brands from over 60 countries. There are nearly a thousand types of imported bonded goods available for consumers to purchase.

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