oreign trade industry first AI application landed in Yiwu, Zhejiang province: do not know foreign languages can do foreign trade business

Just input the product Chinese title, Ai will automatically extract for overseas demand, selling points of the English introduction; upload product pictures, videos, automatic generation of foreign buyers in line with the aesthetic location photos, English video commentary, automatic translation and summary of buyers English chat content, English version of the art of reply, one-click copy and buyers to exchange ー August 24, the first foreign trade AI application products in the“World supermarket” in Yiwu, Zhejiang province.

It covers the entire foreign trade link, so even those who don’t know a foreign language and have no experience can do foreign trade business, making AI a helper for companies going overseas,” Zhang Kuo, president of Alibaba International Station, which launched the business, told The Paper news .

with the support of AI, the threshold of foreign trade will be greatly lowered, and language, talents, selection and so on will no longer be a problem in the future, the core work of foreign trade practitioners is to make decisions and develop products with the help of AI.

Known as the largest commodity distribution center in the world, Yiwu is known as the“World Supermarket”, connecting Chinese and foreign merchants with over 2.1 million commodities and buyers from more than 230 countries and regions. According to statistics from Yiwu customs, Yiwu’s imports and exports totaled 268.97 billion yuan in the first half of this year, up 21.0 percent from the same period last year, including 237.41 billion yuan in exports, up 17.0 percent, and 31.56 billion yuan in imports, according to thepaper.cn, year-on-year growth was 63.4 percent, with imports and exports accounting for 11.4 percent, 13.7 percent and 5.0 percent of the province’s total, rising by 1.5,1.5 and 1.7 percentage points, respectively.

The first foreign trade AI application product was released in Yiwu, where Zhang said, “First, because Yiwu is the world’s largest distribution center for small commodities, and second, because Yiwu’s merchants are more active and willing to accept new things.”

The willingness of newly registered small and medium-sized enterprises to export has increased compared with last year. The external demand portion, the export pressure of consumer goods in Europe and the United States, but the non-consumption category still has growth, and the total demand of developing countries is also increasing, “Although there is external pressure, but different industries have different opportunities for products, there is always a chance to find incremental.”.

The paper learned from relevant departments in Yiwu that cross-border e-commerce is fast becoming the new engine of global economic growth. In the first half of this year, Yiwu realized 64.65 billion yuan in cross-border e-commerce transactions, up 12.92 percent year on year. In addition to Alibaba, a number of e-commerce platforms in Yiwu: April, Yiwu, Alibaba, Baidu, Douyin, Tiktok and other e-commerce platforms, launched global promotional activities; Yiwu commodity city group and JD.com formally signed a strategic cooperation agreement, and in June, JD.com launched 12 support measures for Yiwu merchants to help digital transformation.