Hon Hai Precision Industry Co’s (鴻海精密) FoxconnMall.com (富貿商城), a one-stop business-to-business (B2B) e-commerce portal, went online yesterday, marking a milestone for the conglomerate as it continues to branch out into business sectors other than manufacturing.
A newly formed Hon Hai subsidiary in Shenzhen is to oversee the platform’s operations and ensure that registered members are qualified.
The platform focuses on facilitating business in 16 trade and service categories for manufacturers, including molds, parts, equipment and materials.
Hon Hai emphasized that its B2B e-commerce platform is supported by an array of customized manufacturing and financing services and a virtual showroom that allows sellers to display their wares through 3D-rendered images.
Clients can also sift through competing offers by using the portal’s comparative analysis tools. Apart from offering a variety of manufacturing processes and services such as mold making, packaging and machining, the platform also offers analytical modeling and design services and even online insurance, financing and transaction processing services.
Qualified clients are to be given a line of credit, the company said.
The platform is backed by 500,000m2 of warehouse space located across 45 facilities worldwide, and its online service network covers 600 major cities in the Greater China region.
Hon Hai has in recent years sought to branch out beyond its core manufacturing business, and it has established footholds in such markets as cloud computing, mobile broadband, the Internet of Things, big data and smart home appliances in anticipation of the arrival of “Industry 4.0,” which emphasizes smart automation in manufacturing.
The conglomerate’s sweeping strategy shift puts a priority on technology services and solutions and integrating its manufacturing capabilities with a presence in distribution and retailing.
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