BEIJING, April 29 (Xinhua) -- Even in his wildest dreams, Wu Zhen never expected to run a business with annual sales of 100 million yuan (about 14.5 million U.S. dollars) when he started his cross-border online store in 2015.
But two years later, his maternity childcare shop on Chinese e-commerce giant JD has gone beyond his expectations. The U.S.-based online store has easily achieved its first-quarter sales target, and Wu is confident of promising full-year results.
Wu used to do domestic business in China, but sales volumes were not comparable with his cross-border business.
Wu and his colleagues make purchases from the United States, Europe, Australia and New Zealand, and then send them to bonded areas in China for stocking.
"There were only two bonded warehouses serving JD's cross-border e-commerce in 2015, and now there are seven," Wu said.
JD has noticed the vast opportunities brought by the Belt and Road Initiative, which is expected to include more than 60 percent of the world's population and more than one-third of global economic output.