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Hon Hai's e-Commerce arm goes online

Hon Hai's e-Commerce arm goes online

Taipei, May 24 (CNA) Hon Hai Precision Industry Co.'s (??) FoxconnMall.com, a one-stop business-to-business e-commerce portal, went online on Sunday, marking a milestone for the conglomerate as it continues to branch out into businesses other than manufacturing. A newly formed Hon Hai subsidiary in Shenzhen will oversee the platform's operations and ensure that registered members are qualified. The platform focuses on facilitating business in 16 trade and services 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 in 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 will be given a line of credit, the company said. The platform is backed by 500,000 square meters 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 actively sought in recent years to branch out beyond its core manufacturing business, and it has established footholds in such markets as cloud computing, mobile broadband, 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. (By Jalen Chung and Ted Chen)


Updated : 2021-09-22 11:47 GMT+08:00