China’s Jumore to create trade and logistics center in Astana, Kazakhstan

export_import-9c4

ASTANA (TCA) — China’s electronic trading platform Jumore plans to create a multifunctional trade and logistics complex in Kazakhstan’s capital Astana. That was said after a meeting last week between Nurzhan Altaev, Deputy Chairman of the Atameken National Chamber of Entrepreneurs of Kazakhstan and Mr. Li Hongxian, President of Jumore, Atameken reported on its website.

The head of Jumore said that a trade and logistics complex in Astana will include a logistics hub, a financial center for securing transactions between the parties, and a shopping center. The clients will be provided with certification and customs clearance services.

From 2019, Jumore will begin to implement its plans to open such multifunctional trade and logistics centers in different countries around the world.

Jumore is one of the first companies dealing with cross-border e-commerce in the B2B format. As Li Hongxiang noted, as early as August of this year, Jumore is also beginning the transition to retail, that is, to the B2C format. The offline format in the form of multifunctional logistics centers is the further continuation of Jumore’s expansion into the market.

The president of Jumore said that for Kazakhstan, they provide special conditions. Kazakh entrepreneurs can use the Jumore site for free for six months.

Cooperation with Jumore is an important tool for reaching an extremely promising market in China.

To date, about 50 Kazakhstani companies are represented on Jumore.

The trading turnover of the electronic platform Jumore in 2016 amounted to 160 billion dollars, and this year the turnover is expected to reach about 800 billion dollars.

Sergey Kwan

TCA