Investment and Trade Fair Ended With Deals Made in the E-commerce Industry
As the largest and biggest investment and trade fair closed yesterday, more than 200 overseas companies met and signed deals with nearly a thousand local manufacturers totaling more than US$ 10 million worth of deals. The highlight of the fair was the e-commerce exhibition in which industry leaders such as Alibaba shared new insights on new opportunities that are facing the e-commerce trade.
Local exhibitors said that even amid the slow economy most of them were able to benefit from the rise of e-commerce which some say was a matter of life and death among traditional manufacturers. One jewelry manufacturer who was in business for more than 10 years saw its sales pick up after it started selling their jewelry online a year ago. Company sales slowed down before they started selling online and is now expecting their online sales to meet half of the company’s total sales before the year ends.
Experts are telling small exporters to team up with other companies working in the same industry or with companies with similar traits, by doing this they can gain larger orders from foreign buyers and gain a much larger financial support. Exporters should also update themselves in the new trends in shopping among overseas buyers by analyzing purchasing data from custom searchers, search engines and in overseas shopping websites.
The food exhibition at the fair also signed deals worth more than US$ 1 million with franchise brands getting 25 percent of investors compared to last year.