Retail in Asia

In Shops

Taobao warehouse set up in China’s Chongqing

Alibaba’s consumer retail unit Taobao said on Monday that it has teamed up with Chongqing Xiyong Bonded Area to set up a dedicated bonded warehouse for imported goods vendors who aim to tap the booming cross-border trade.

Taobao vendors can use a 100,000-square-meter bonded warehouse in Xiyong Bonded Area exclusively and the local customs bureau will accelerate clearance procedures and overall logistics process. The vendors will also be able to cut storage and logistics costs due to the bonded area’s favourable policies.

(Source: Shanghai Daily)