China has announced another 24 cities as pilot zones for cross-border e-commerce to boost exports in December 2019 according to a statement released by the State Council.
free trade zone
In the first half of 2017, Shanghai’s export growth has shown an increase of 18.7%. Ever since 2012, it’s the first time that Shanghai showed a double-digit growth.
Alibaba reported revenue growth of 60%, the highest growth rate since its IPO. They also reported very strong fiscal year revenue growth of 56% with annual non-GAAP free cash flow of approximately US$10 billion.
Mastercard announced a strategic partnership in the Shanghai Free Trade Zone (SFTZ) where Mastercard will be the global network and payment technology provider for a revolutionary commodities trading platform.