III helps broker cross-strait e-commerce deal

Representatives from the III attended a ceremony yesterday during which the two signed the partnership deal.

Under the collaboration, Neweb will help Taiwan enterprises take care of the various operations required of product shipments to China, including customs clearance, product inspection and the registration of trademarks.

The B2C (business to consumer) portal 360buy.com, on the other hand, will provide the electronic platform through which retail of products and customer services are offered.

“China has become one of the top eight nations with the fastest economic growth in the world,” said Kung Jen-wen, vice CEO of III. “The collaboration between Neweb and 360buy.com will result in a new blue ocean in cross-strait e-commerce.”

“We provide an integrated solution that spares Taiwan companies the things that they need to deal with when shipping their products to China, including warehousing, customs clearance, distribution and cash flow,” said Chan Sheng-sheng, president of Neweb.

“In fact, our partnership has already begun, with various Taiwan-made products now available on 360buy.com,” he said.

Zhang Shouchuan, deputy CEO of 360buy.com, cited third-party data as suggesting his website is No. 1 among self-operated B2C portals in China, with market share reaching 50.1 percent in the first quarter.

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