The Yinchuan International Business Incubator (IBI) has facilitated online trade between China and Arab States over the past years. Focusing on financial, logistics and cultural industries, the incubator provided services of online payment and big-data information system and built up platforms for bilateral communication.
Being the first cross-border e-commerce platform in China, ubuymore.com is the commodity selling website in languages of Chinese, English and Arabian and offers services for global Muslims. Its research and development company, Ningxia Hope Information Industry Company, is incubated at the Yinchuan IBI.
It is reported that the incubator has incorporated 360 enterprises, among which 308 are information ones, and the business covers e-commerce, Internet of things, cloud computing and online finance. Its online trade volume in the first quarter of this year totaled 65.5 billion yuan. Enterprises at the incubator are encouraged to establish branches in Jordon, Morocco and other countries so as to enhance the influence of China-Arab States Online Silk Road.
