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E-commerce company defies gloomy trade outlook

By Li Wenfang (China Daily)

08:59, December 13, 2012

At a time when complaints about soft overseas demand dominate, Shenzhen OneTouch Enterprise Service Co has managed to generate a 300 percent surge in exports on its platform in the first 11 months of the year.

The company provides online foreign trade business outsourcing services for small enterprises and individuals.

Founded in 2001, it joined Alibaba Group, China's biggest e-commerce company, in 2010. It has registered about 300 percent growth in foreign trade every year for the past three years, said Xiao Feng, deputy general manager of the company.

Shenzhen OneTouch is expected to facilitate imports and exports of $1.8 billion this year, compared with $600 million last year.

With foreign trade of $670 million in the first half of this year, its ranking among general trade businesses in the country leaped from 94th last year to 13th this year.

It was serving more than 9,000 clients in mid-October, with its one-stop services covering finance, customs clearance, logistics, duty rebates and foreign exchange management.

It helps cut the management cost of its clients by as much as 50 percent and logistics costs by 10 to 30 percent.


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