Service Trade View | Lianlian Digital: Digital trade has spawned new formats such as cross-border e-commerce, but it also faces new challenges

Beijing Business Daily (Reporter Liao Meng) From September 1st to September 5th, the 2022 China International Fair for Trade in Services (hereinafter referred to as the "Services Fair") will be held in Beijing. During the period, the digital service company Lianlian Digital also introduced the development of digital services on the spot.

With the accelerated integration of digital technology and service trade, digital service trade shows strong resilience and vitality. According to the "China Digital Trade Development Report 2020", it is expected that by 2025, the total import and export of digitized service trade will exceed 400 billion US dollars, accounting for about 50% of the total service trade. According to the introduction, digital trade has given birth to new business forms and new models such as cross-border e-commerce, but it is also facing new changes and new challenges. For example, the RMB exchange rate has entered a "new normal" with two-way fluctuations, and strengthening exchange rate risk management has become an important issue for sellers.

For this reason, since 2022, Lianlian International, a subsidiary of Lianlian Digital, has innovatively launched independent station financing services, "Xinghuisuo" + "Xingpan" full-process foreign exchange risk with licensed financial institutions on the basis of cross-border payment, exchange and other services. Management solutions and other products; Lianlian Digital's Lianlian Payment launched a comprehensive solution of payment + SaaS service, and cooperated with industry service providers to provide payment, accounts and related value-added services.