A cross-border e-commerce association was set up on June 5 in Qingdao to stimulate the development and Transformation of the industry. [File photo]

A cross-border e-commerce association was set up on June 5?in Qingdao to stimulate the development and Transformation?of the industry.

The association has 120 members, including enterprises engaged in cross-border e-commerce and providing third-party services.

According to the local customs offices, 40 enterprises in Qingdao carried out cross-border e-commerce transactions during the first four months this year, with goods worth US$18.75 million.

Qingdao's cross-border e-commerce is already stable after years' cultivation.