The Shanxi Provincial Federation of Industry and Commerce recently hosted the "100 Cities, 1,000 Products on Douyin" event, which was aimed at fostering the high-quality development of private enterprises through e-commerce.

Representatives from financial institutions, major e-commerce platforms like Alibaba International Cross-Border Business Unit (ICBU), and Douyin, as well as private enterprises across the province, gathered to explore new pathways for private sector expansion in the digital economy era.

During the event, a representative from China Everbright Bank's Taiyuan branch introduced practical measures to support the growth of small and micro enterprises. The Alibaba ICBU (Shanxi) Service Center provided insights into foreign trade trends and guidance on building cross-border business platforms. Additionally, the Douyin E-commerce Shanxi regional manager shared practical experiences, offering new strategies for brand promotion and sales growth.

An official from the Shanxi Provincial Federation of Industry and Commerce emphasized the importance for private enterprises to seize the opportunities presented by the Belt and Road Initiative and the burgeoning e-commerce economy. By employing platforms like Douyin and Alibaba, companies can promote Shanxi's unique products, expand into overseas markets, and achieve brand internationalization.

Participating entrepreneurs praised the event for catering to their specific needs, noting the valuable e-commerce and cross-border trade guidance they received. They expressed hope that more high-level events like this will continue empowering the high-quality development of Shanxi's private economy.