Eighty-eight companies from the Beijing delegation of the second China International Import Expo (CIIE) signed 207 purchase agreements with 108 exhibitors from 32 countries and regions, the Beijing Municipal Commerce Bureau said on Monday.
The amount of intended purchase increased beyond expectations by more than 30% year-on-year, according to the commerce authority.
In cross-border e-commerce, luxury-shopping platform Secoo signed a strategic cooperation agreement worth US$200 million with high-end consumer brands from the U.K., Japan, and other countries and regions. In high-quality everyday products, electric appliance retailer Gome signed a strategic cooperation agreement worth US$710 million with Samsung China. Robust cooperation and purchases were also seen in medical equipment and healthcare products.
Many other industrial leaders also attended the expo, such as e-commerce platform JD.com, electronics company Xiaomi, chain supermarket WuMart, search engine Baidu, internet tycoon Tencent, and traditional Beijing hotpot brand Dong Lai Shun. Over a hundred companies that import over US$10 million worth of goods a year also attended.
For this year's expo, 3,107 companies and organizations with 10,828 participants registered in the Beijing delegation, with respective increases of 40% and 81% compared with the participation numbers last year.
The 3,107 organizations comprised government organizations, public institutions, industrial associations, state-owned and private enterprises, companies from China's Hong Kong, Macao, and Taiwan, as well as foreign-funded firms. Among them, 91.5% were purchasers.
The city's commerce authorities visited around 320 companies during the expo, with over 40 having intentions to invest in Beijing, and 43 expressing interests in the China Beijing International Fair for Trade in Services (CIFTIS).
According to the commerce authority, seven organizations from Estonia, Jamaica, Azerbaijan, Lithuania, Hungary, and India said they would attend the CIFTIS in 2020.
