Japan'S Lotte Hand Korea Gmarket To Focus On Cross-Border Electricity Providers

Japanese electric business platform Le Tian (Rakuten) announced cooperation with South Korea's largest shopping website Gmarket to strengthen the two import and export pactions.

It is reported that after announcing the closure of offices in Singapore, Malaysia and Indonesia, Lotte has shifted its focus to cross-border trade in East Asia.

"Lotte is pleased to announce the cooperation between the two excellent electricity suppliers in Japan and South Korea. The concrete measures are about to begin, hoping to benefit the sellers and sellers of both countries.

"Masato Takahashi, director of Lotte, said.

It is understood that Lotte in its 2015 financial year newspaper has revealed that Lotte's 2020 blueprint includes a significant reduction in Southeast Asia and strengthening cross-border cooperation.

Last December,

Similar agreements were also reached with Jingdong and a flagship store was opened on Jingdong.

For this cooperation,

"This paction will provide opportunities for Korean small sellers to go to the world and increase the sales and influence of these fashion brands in Japan," explains Henry Chun, head of the company.

It is understood that

In 2009, it cost US $1 billion 200 million to buy Gmarket.

According to the cooperation agreement, Gmarket will launch a mini shop on Lotte Japan website to sell Korean clothing and cosmetics.

There will be 200 kinds of female fashion products and 100 kinds of small and medium beauty products at the beginning of the line.

In Korea, Lotte will also launch a flagship store on the Gmarket website.

In the next few months, the two point is to enhance the product line of the two platforms.

Related links:

According to the latest Nelson China outbound travel monitoring report, nearly half of Chinese tourists will choose to buy luxury goods while traveling abroad.

"First of all, the price advantage. The price of luxury goods in China includes import duties and luxury tax. Generally speaking, the price is several times higher than that of overseas luxury goods.

The next is quality.

In the hearts of Chinese people, buying luxury goods in origin is not easy to buy Shanzhai products, and the quality is more assured.

After conducting research on about 1500 Chinese consumers, Bain pointed out that in 2015, the Chinese luxury market research report released in 2015 showed that shoppers had changed a lot in choosing shopping places for luxury goods in the past year.

In 2015, the overall increase in overseas luxury shopping was 10%.

Consumers flocked to Japan to spend more than 200% of their purchases.

The advantages of exchange rate and competitive luxury pricing make Korea, Europe and Australia become the popular shopping places of Chinese consumers in 2015.

According to Bain analysis, cross-border e-commerce and overseas websites are becoming more and more popular as luxury shopping channels. About half of the respondents said they bought luxury goods through these websites last year.