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Hongri products to be available on Amazon & Alibaba
21
Apr '18
Courtesy: KBS Fashion
Courtesy: KBS Fashion
KBS Fashion Group Limited (KBS), a vertically-integrated casual menswear company in China, has announced that its China-based subsidiary, Hongri (Fujian) Sports Goods Co. Ltd. has entered into a cooperative agreement with Hangzhou Si Teng Internet Technology Co. Ltd to open, operate and maintain online stores through Amazon US and Alibaba Express.

As per the agreement, Si Teng will sell Hongri products on online stores, which are expected to be launched in June 2018.

“The signing of the agreement for Hongri will be an important and meaningful step to expand our business to a broader customer base. As one of the leading cross-border e-commerce service providers, Si Teng E-commerce will provide one-stop services to our business by opening, operating and maintaining Hongri’s online stores on Amazon and Alibaba Express,” said KBS chairman and CEO Keyan Yan.

“The agreement is in line with our corporate strategy to expand into the digital and online sales markets where we see a significant growth potential for our company,” Yan added.

Headquartered in Shishi, China, KBS Fashion Group Limited, through its subsidiaries, is engaged in the business of designing, manufacturing, selling and distributing its own casual menswear brand, KBS, through a network of 50 KBS branded stores (as of June 30, 2017) and over a number of multi-brand stores.

With its head offices located in Hangzhou, Zhejiang Province, Si Teng is engaged in the business of network service, with over ten years of experience in international sales of products including apparel and accessories. (RKS)

Fibre2Fashion News Desk – India


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