Kola overseas shopping, a cross-border e-commerce platform subordinates to Netease, adopts a pure self-support B2C model. It owns nearly 1,000 overseas brands from 25 countries and regions. In addition, it has huge cash flow with 20,000 million from Netease as strong support. The CEO of Netease stated: “we are really sure that Kola overseas shopping will be the top three of China self-support e-commerce.” “There is no upper limit on the input of Kola.”
Comparing to other cross-border e-commerce which rely on the payment by the third part, Netease has its own separate payment platform - Netease Treasure. At this stage, although it seems to be a dispensable payment system, Netease will transfer its 700 million customers to Kola and absorb funds like Alipay with the extension of business. Its financial capacity will be calculable.
Since January, 2015, the time Kola join the online public test, Kola has ranked top 4 in domestic cross-border e-commerce for only 6 months, and the monthly sales rose 20 times in 6 months. The order quantity in Hangzhou Xiahsha bonded area stays first where many well-known cross-border e-commerce like Tmall Global and Taobao Global Shopping gathered, and the daily orders even have passed half of the Hangzhou area.
Four bonded areas in Hangzhou, Ningbo, Zhenzhou, and Chongqing are equipped with large-scale storage, and the bonded storage area ranks first among the whole industries. Among them, the Hangzhou and Zhenzhou warehouses are all provided and served by our company.