OConnect
Type of site | Private[1] |
|---|---|
| Founded | 2015[2] |
| Headquarters | , |
| Area served | Worldwide |
| Key people | Kevin Fenn (CEO) [3] |
| Website | oconnectfair |
OConnect is a Chinese B2B cross-border e-commerce service provider. As an offline business affiliate of OSell Group,[5][2] it specialises in setting up exhibition warehouses and organising trade fairs. OConnect works to provide a space for buyers to physically view products they have chosen online[5] so that they can satisfy themselves before placing orders. Once orders are placed, they are shipped quickly from local warehouses. OConnect hopes to change prespectives about Chinese products by bringing high-tech and quality brands abroad.[6] In due course, it hopes to bring, highly competitive world products to Chinese consumers.[6] Its focuse is on small and medium sized enterprises[5] which constitute 80% of its trading volume.[7]
Business model[edit]
OConnect works on the "Internet + Overseas Warehouse 2.0" model.[8] It works by acting as an intermediary between global retailers and Chinese suppliers.[9] Parties communicate via the OSell app and retailers can then view their chosen products at their local sample showrooms.[9] On finalising the deal, orders are shipped directly from local warehouses. Its model include providing integrated solutions to purchasing including third-party logistics and payment collection services.[9]
History[edit]
Founded in 2015, OConnect was incorporated in Hong Kong as a private limited company in January 2016.[1] In May 2015, it established its first showroom in Moscow, Russia. The 2,000sqm showroom also has a demonstration area for products and rooms for negotiations, workshops and conferences.[10] The opening was accompanied by a O2O Internet Trade Fair and orders worth about 0.4 billion rubles were placed.[11] In September, the showroom saw the Zhaoqing/Moscow Cross-Border E-Commerce High-Quality Product Show where manufacturers from Zhaoqing showcased their products and deals worth US$ 30 million were reached. In October, it hosted the OSell co-organised Russia-China E-Commerce summit at its showroom.[12]
In March 2016, it signed an agreement to open a showroom in Prague, Czech Republic for Chinese products with a reciprocated showroom for Czech products in Chongqing, China. To provide an entry point to the Middle Eastern and North African markets, in May 2016 it launced its flagship showroom in Dubai Investment Park, Dubai, UAE.[7] With a floor area of 15,000 square feet, this showroom will extend both logistical and financial assistance to the customers.[7] According to Kevin Fenn, its founder, this showroom would help increase trade volumes by 19% and partner network by 25%.[7]
As a way into the North American market, in late June 2016, OConnect launced its exhibition warehouse in Toronto, Canada.[9] Another warehouse in the Greater Toronto Area (GTA) is also planned.[13] These investments will create some 30 jobs and are worth $3.5 million.[13] The company will also help solve financial, logistical and local access problems for all parties.[9] On 30 June 2016, it opened a flagship exhbibition warehouse in Ho Chi Minh City, Vietnam.[14] All products showcased here are examined by Vietnamese customs for their quality and authenticity.[14] A second warehouse in Hanoi, Vietnam is planned to open later this year.[14]
Showrooms[edit]
OConnect plans to construct 50 interactive showrooms in Asia, Africa and Europe which would showcase some 150,000 product samples.[15] As of July 2016, it has showrooms in Moscow, Russia (textiles and household goods);[16] Toronto, Canada;[9] Dubai, UAE (household goods); Warsaw, Poland (home supplies and textiles)and Ho Chi Minh City, Vietnam. By the end of 2016, it hopes to have an additional 20 showrooms established across the world.
Trade Fairs[edit]
- 1st International Electronic Trading Fair – Dongguan-Moscow, at CEC Sokolnik, Moscow, Russia (May to October 2015)[10]
- Zhaoqing (China)/Moscow Cross-Border E-Commerce High-Quality Product Show in Moscow, Russia (September 2015)[11]
- Chongqing (China)/Moscow Motor Accessories Cross-Border E-Commerce Quality Show in Moscow, Russia (October 2015)
Big Data Center[edit]
OConnect along with its parent company, OSell processes large amounts of date related to various aspects of the buying and selling process. These are collected thorough mobile and sensor systems placed in its showrooms.[17] Through a related trading information platform, suppliers have access to overseas consumption patterns including which products are popular. This ensures the manuacturers spend resources on in demand products.
Buyers[edit]
Businesses which utilise it services include Goodwin (Russia), Garage (Canada) and Vipol (Poland).[18]
References[edit]
- ↑ 1.0 1.1 1.2 Oconnect China Limited Hong Kong Company Database. 28 January 2016. Retrieved 16 June 2016.
- ↑ 2.0 2.1 Global OConnect Marches into North American Market, Delivering Brand-new 'Made in China' Concept June 22, 2016. Retrieved 11 July 2016
- ↑ Company Overview of OSell DinoDirect China Limited Bloomberg. Retrieved 14 June 2016
- ↑ Cite error: Invalid
<ref>tag; no text was provided for refs namedboao - ↑ 5.0 5.1 5.2 Chinese SME Trading Business Ambassador Global OConnect to Launch Showroom in Dubai for Middle Eastern Markets Market Watch 25 April 2016 Retrieved 14 July 2016
- ↑ 6.0 6.1 Global OConnect Marches into North American Market, Delivering Brand-new 'Made in China' Concept Washington Business Journal 22June 2016. Retrieved 11 July 2016
- ↑ 7.0 7.1 7.2 7.3 Global OConnect enters the Middle East market with flagship showroom in Dubai Zawya 01 May 2016. Retrieved 18 July 2016
- ↑ Introduction to Global OConnect pg 2 OConnect official website. Retrieved 14 July 2016 OConnect
- ↑ 9.0 9.1 9.2 9.3 9.4 9.5 Global OConnect Leads a Revolution of Trade With China by Launching Exhibition Warehouse in Canada 28 June 2016 CNW Retrieved 14 July 2016
- ↑ 10.0 10.1 OConnect Fair Russia Alpaca Expo Group official website Retrieved 14 July 2016
- ↑ 11.0 11.1 Introduction of Global OConnect pg 17 OConnect official website Retrieved 28 July 2016
- ↑ Exhibition News 28 October 2015 Sokolniki Exhibition and Convention Centre official website Retrieved 14 July 2016
- ↑ 13.0 13.1 Toronto Mayor John Tory announces two Chinese companies, including Huawei, investing in Toronto by David Nickle City Centre Mirror 12 April 2016. Retrieved 29 July 2016
- ↑ 14.0 14.1 14.2 Creating New Asian Power, Global OConnect Opens A Flagship Exhibition Warehouse In Vietnam 28 June 2016 PR Newswire Retrieved 14 July 2016
- ↑ About us OConnect official website Retrieved 14 July 2016
- ↑ Showroom OConnect official website. Retrieved 16 June 2016
- ↑ Introduction of Global OConnect pg 10 OConnect official website Retrieved 28 July 2016
- ↑ Introduction of Global OConnect OConnect official website Retrieved 14 July 2016
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