Counfreedise Retail Services ties up with Circle Tech

BuyMore, a brand of Counfreedise Retail Services Ltd, an e-commerce aggregator for the online retail sector in India has tied up with Hong Kong Circle Tech, China’s leading retail consulting firm, in order to pave the way for Chinese retailers’ entry into the Indian market. This association is a stepping stone in providing quantum growth to the e-commerce retail sector in India as well as China.

After a prolonged period of falling exports, Chinese industry is facing extreme pressure as they are struggling to find base in their home markets. Hong Kong Holdings has associated with BuyMore to get their retail clients from China listed on BuyMore’s base of 10 eCommerce websites including Flipkart, Amazon and Myntra catering to Indian market. Chinese enterprises will be able to build their brands by bringing products directly to the consumers with the help of BuyMore and sell products that qualify in terms of quality and price.

In the first wave, the two companies plan to bring in over 450 Chinese brands to India. The company plans to invest more than 1.5 million dollars on duties and taxes for import of these goods over the next few months. The goods being sent are valued at over 5 million dollars and range from mobile phones, accessories, electronic accessories, apparel’s, watches, sunglasses and many more. 

Commenting on this association, Sidharth, MD & Co-Founder, BuyMore, said, “Over 80% of lifestyle and electronic products used today originate from China. This shows that the market has a lucrative opportunity we can enact upon. This association will help bring in these products at the right price to the consumer and provide better quality as well as provide warranty on their behalf.” 

To make retailers’ jobs easier, BuyMore has already doubled its warehouse facilities in Delhi and Bangalore as it plans to give free warehousing services to these brands in the initial stages of brand building. It would also be providing free listing and cataloguing services to these brands.