Amazon launches its third cross-border e-commerce park in China in Ningbo, Zhejiang province on Aug 17. [Photo/cnnb.com.cn]

Amazon, the global e-commerce giant, announced plans to set up a cross-border e-commerce park in Ningbo, Zhejiang province as part of its Global Selling program on Aug 17.

This is a result of the strategic partnership between Ningbo's comprehensive zone for cross-border e-commerce and Amazon after the two signed a memorandum of understanding in 2017. Thus, Ningbo becomes the third Chinese city to accommodate this kind of park, following its provincial counterpart Hangzhou and Xiamen, Fujian province.

Ningbo, having maintained a robust growth momentum in recent years, is regarded as a key city in the sector of China's cross-border e-commerce business. The new park will provide one-stop services in fields such as logistics and finance for Ningbo's export business sector and help local manufacturers sell their products and build their brands worldwide.

Li Guanding, vice mayor of the city, extended his hope that the strengths of Amazon can be fully blended with Ningbo's business resources in order for the two partners to work together in advancing the city's cross-border e-commerce.

Cindy Tai, vice president of Amazon China, said the Global Selling program will give full play to the industrial advantages in Ningbo and provide tailored services for local companies.

Amazon also announced that the 2018 seller summit for the Global Selling program will be held in Ningbo in December with the purpose of helping the city and its neighboring areas seize the opportunities available in global trade and improve their competitiveness in the world of cross-border e-commerce.