 |
Shanghai Attracts Overseas Mailorder Companies
Fast growing e-business in Shanghai has attracted an increasing number of multinational mail-order companies.
To date four leading mail-order companies, Mecoxlane, Otto, Quelle, and Bertelsmann, have established their China headquarters in this city.
These companies have all launched on-line services this year to tap the Chinese market.
Mecoxlane, the first foreign mail-order company to open a subsidiary in China, now has 180,000 regular clients in this country.
"The emerging e-business based on the Internet has provided the mail-order industry with rare opportunities for development," said Andrew T. Tsuei, president and CEO of Shanghai Mecoxlane International Mail-order Company.
Shanghai has given priority to the development of e-business in recent years although only a small number of local enterprises are currently engaged in the area.
Shanghai Vice Mayor Feng Guoqin estimated that e-business turnover in the city will increase to 20 billion yuan by 2005 from the present 500 million yuan.
In This Section
|