WUHAN, April 29 (Xinhua) -- The gross merchandise volume of self-operated exports of enterprises in central China's Hubei Province soared by 1,163 percent annually this year as of April 25 on Alibaba.com, a leading B2B platform for global wholesale trade owned by China's e-commerce giant Alibaba Group.
The Hubei provincial department of commerce has established a strategic partnership with Alibaba, with the "Spring Thunder Initiative" launched to boost small and medium-sized enterprises (SMEs) who are feeling the biggest pinch due to the COVID-19 epidemic.
Alibaba.com will provide continuous support over a five-month period to Hubei's SMEs in foreign trade to promote worldwide sales of local products by organizing online trade fairs and offering integrated supply chain and import-export services.
More than 1,000 foreign trade enterprises in Hubei that have been brought online in the past four months outperformed the market during the period, according to Alibaba.com, who saw a month-on-month increase of 194 percent in the number of new merchants on its platform in March.
Alibaba.com also collaborated with the Ministry of Education to formulate the standards of vocational training for talents in cross-border B2B data operation. Over 300 higher vocational colleges across the country will adopt the standards. Enditem