The marketplace giant will install a subsidiary in the Fujian Pilot Free Trade Zone.
eBay is therefore signing its first cooperation agreement with the Chinese government. The first subsidiary of the company in the country is located in Shanghai.
The establishment of a cross-border e-commerce industrial park in Fuzhou has been set by a new deal between Linca Industrial (Fujian) Group and eBay. The new park will be the first in the capital of eastern China Fujian province with an industry focus on cross-border e-commerce in China.
“Fujian sellers have always been active on eBay and offering a rich variety of products with quality services. The landing of the industrial park showed our firm faith in the huge potential of cross-border eCommerce in Fujian. We hope we can work together with local government to bring more companies and products from Fujian on eBay, and further on help them reach more consumers across the globe” said John Lin, chief executive officer of eBay Greater China.
Liang Yong, deputy director of the Fujian Pilot Free Trade Zone said, “We hope to stimulate the potential and vitality of Fujian, which has always been a major province of export trade, and nurture a demonstrative policy environment and ecosystem for cross-border eCommerce industry in China.”
The initial proposal for this agreement was issued in April 2017 between Fuzhou City government, the Department of Commerce of Fujian Province and eBay. In its preliminary phase, 30 000 square meters of development will form the park welcoming a logistics center, business incubators, a talent training center, a payment service support center and other related business services.
eBay will establish a cross-border e-commerce institute, to be jointly organized with the Fujian Pilot Free Trade Zone and Fujian Business University. Two majors, e-commerce and international trade, will be proposed. The institute expects 2000 to 3000 students, who will be offered work opportunities at premier e-commerce companies in Fujian.