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ROK's KolonFnC signs MoU to enter China online market
22 Jun '18
1 min read
Courtesy: Kolon Industries
The FnC Division of South Korea’s Kolon Industries recently announced its intention to launch a full-fledged online distribution network in China while forging a strategic partnership with JD.com, the third largest Internet firm worldwide and one of China's largest e-commerce companies. A memorandum of understanding (MoU) was signed in Beijing between the two.
As part of its entry into China's online distribution network, KolonFnC will launch its brands one after the other via JD.com, starting with casual brand Lucky Chouette, according to South Korean media reports.
KolonFnC will also serve as a bridgehead for Korean designer brands and indie brands to enter China through JDC.com.
The online fashion market in China has already topped 200 trillion won, with a more than 40 per cent annual growth. (DS)
As part of its entry into China's online distribution network, KolonFnC will launch its brands one after the other via JD.com, starting with casual brand Lucky Chouette, according to South Korean media reports.
KolonFnC will also serve as a bridgehead for Korean designer brands and indie brands to enter China through JDC.com.
The online fashion market in China has already topped 200 trillion won, with a more than 40 per cent annual growth. (DS)
Fibre2Fashion News Desk – India
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