CuCheng Service Gruop---Company Register Consultant, Accounting Service, Auditing Service

The Guangzhou Municipal Government held an executive conference on January 29. At the conference, participants considered and, in principle, adopted the Implementation Scheme of Guangzhou for Accelerating the Development of E-commerce (Interim). The scheme calls for the construction of nine major clusters of e-commerce industries; it also specifies that for five years starting from this year, the Municipal Government will allocate RMB 500 million a year to support the development of e-commerce.

According to Yang Yong, Deputy Director of the city's Economic and Trade Commission, Guangzhou will set out to foster 20 leading enterprises for demonstration purposes by speeding up the development of e-commerce as the focal point of the transformation and upgrading of the manufacturing and service industries. There are also plans to step up the construction of nine clusters of e-commerce industries, including the Huangpu National E-commerce Industry Demonstration Base; the Tianhe Park, Nansha New Zone Park, Baiyun Park and Haizhu Park of the Guangzhou E-commerce Industry Park; the Guangzhou Science City; the Sino-Singapore Guangzhou Knowledge City; the Guangzhou Mobile Internet (Yuexiu) Industry Park; and the Liwan Huadi River E-commerce Park.

Since 2008, Guangzhou has been named a national pilot demonstration city for mobile e-commerce, a demonstration city for e-commerce applications in China, and a national demonstration city for e-commerce. The city has also received the Award for the Most Dynamic City in Chinese E-commerce. In 2012, Vipshop, Global Market and Huanju were successfully listed on the New York Stock Exchange, London Stock Exchange and NASDAQ, respectively.