Sitoa to expand new marketplace for golf apparel firm BCLN
15 Feb '12
1 min read
Sitoa Global Inc, an e-commerce facilitator, announced that it has entered into a partnership agreement with BCLN Golf Ltd. The Company will use its network and platform software technology to develop and host a marketplace for online sales of BCLN's golf apparel as well as other golf related products from US and European golf specialty companies. In exchange, the Company will receive monthly hosting fees and a revenue share under the agreement.
The partnership with BCLN represents the fourth marketplace that the Company will be directly hosting and managing. The marketplace is expected to launch in late April 2012.
BCLN is the 3rd largest golf apparel designer and retailer in Hong Kong and Mainland China and currently sells its products in pro shops only located in golf courses throughout both countries.
The golf industry in China is estimated to have generated revenues of over 3 billion yuan (US$500 million) in 2011 and is projected to grow at over 15% per year over the next five years.
Sitoa Global provides an easy-to-use and comprehensive platform, the "Focused Social Marketplace" that enables an online retailer to deploy a social marketplace e-commerce site.
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