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Foxconn plans to snatch Chinas second place online store by 2018

Friday 6 March 2015 11:47 CET | News

Taiwanese electronics components manufacturer, Foxconn, plans to become second online store in China by 2018.

Foxconns newly released e-platform, which is currently in trial phase, will sell electronics products, yibaba.com reports. This move comes after the companys attempt at brick-and-mortar stores which were shut down in 2013 due to a failed run in the Chinese marketplace.

Responsible for assembling the majority of Apples iPhones and iPads, Foxconn is now looking for new channels to further expand its business model, as its revenue from the contract manufacturing business has been progressively slowing down.


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Keywords: Taiwan, Foxconn, China, online store, online sales, e-payments, Customers, cross-border
Categories: Payments & Commerce
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Countries: World
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