China's new Jumore E-Commerce to rival Alibaba through offering international markets for Zim products

A Chinese company, Jumore E-Commerce, is offering Zimbabwean companies an opportunity to showcase their products and services free of charge on its cross border e-commerce platform called Jumore, ZimTrade has said. Currently Alibaba is the largest e-commerce platform to have emerged from China, raking in billions of dollars for its founder, Mr Jack Ma.   

By Deputy Editor – Shingie Lev Muringi 

Through the Jumore E-Commerce platform, Zimbabwean companies will be able to market their products in China and other participating countries. Jumore can be used to procure products/services as well as to promote investment opportunities, ZimTrade said.

“Business conducted through this platform covers several categories ranging from raw materials to industrial products, as well as different services such as finance, insurance and logistics,” it said.

To qualify for listing on the website, ZimTrade said a company should be manufacturing or trading in high quality products and should be able to timeously deliver products to buyers.

Since the launch of this initiative in January 2016, over 10 countries which include the US, UK, France, Germany and South Africa have launched national pavilions within the platform. Sixty countries are expected to have registered on the platform by the end of 2016.

Meanwhile, ZimTrade said Trade and Investment KwaZulu-Natal (KZN) of South Africa was inviting local companies and investors to the KZN Expo Week, which will take place in Durban from October 17 to 21 2016.

The KZN Expo week is a trade and investment event that provides a platform for companies to network and showcase their products and services.

The Expo also provides an opportunity to market Zimbabwe as a safe investment destination.

“ZimTrade is urging local companies to attend the Expo, which according to the organisers, will include business and trade exhibitions, B2B meetings, site visits and tours of infrastructure and logistic hubs,” ZimTrade said.

South Africa is Zimbabwe’s largest trading partner accounting for 70% of the country’s exports in 2015. According to TradeMap, South Africa is a major source market for Zimbabwean products averaging 45% of the country’s import bill between 2011 and 2015.

Zimbabwe and South Africa are both members Sadc and qualifying products enjoy duty-free entry into both countries. In addition, the two countries have an operational bilateral trade agreement, which also gives duty-free concessions to qualifying products.

Credit: NewsDay

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