Categories: Social Media News

China’s 360buy.com To Set Up Open Platform

Chinese B2C e-commerce website 360buy.com plans to set up a third-party open platform to improve its services.

According to reports in local media, the company is reportedly preparing for this new project and a new team for the development of this project has been established, led by Liu Shuang, strategic assistant president of 360buy.com.

An insider revealed to the local media that 360buy.com’s new third-party platform aims to open its e-commerce order fulfillment capabilities to serve more third-party vendors. On the other hand, it will be used to cope with competition from other e-commerce operators in China.

Xu Lei, vice president of 360buy.com, also confirmed that the company is currently discussing matters related to the third-party platform. However, Xu said this is a long-term project and no detailed plan is yet available.

At present, 360buy.com mainly focuses on the sales of electronic products and it has already introduced commodities into its website. Though the ratio of these commodities is small, it helps 360buy.com accumulate operating experience for the opening of the third-party platform.

Social Media Asia Editor

Recent News

Hormuz reopened, assets unfrozen, sanctions eased: Iran took the hits, but did it also get the deal it wanted?

Iran suffered major military and economic setbacks during the war. But the proposed peace deal…

15 hours ago

Police probing after motorcycle from viral Sembawang crash pelted with eggs

SINGAPORE – The police are investigating an incident in which a parked motorcycle was allegedly…

15 hours ago

UK under-16s social media rules to reach into gaming and AI chatbots

Britain is expected to set out restrictions on how children under 16 use social media,…

15 hours ago

One Sydney fan works year-round for moments like the World Cup

A Sydney-based Japanese football fan, Hiroki Fujiwara, travelled to the United States for the FIFA…

15 hours ago

Two Chinese fans robbed at gunpoint in Mexico City during World Cup visit

Wang and Li have since flown back to China, according to Chinese media reports.“EXTREMELY CORRUPT”…

15 hours ago

UK PM Keir Starmer announces ban on social media for children under 16

London [UK], June 15 (ANI): The United Kingdom has announced a ban on social media…

15 hours ago