SHENZHEN, China, July 1, 2016 /PRNewswire/ -- People in China are beginning to realize the quality of products made and sold overseas. Such products have previously only been accessible by frequent travelers, today with the help of the Internet Global Selection is able to get customers the foreign products they want at the lowest prices. Global Selection's will to improve has even landed them as a top 300 new internet company.
Global Selection was founded in 2015 during a time when cross border ecommerce was already a saturated niche. By taking advantage of Globalegrow's strong supply chain and decision makers, Global Selection was able to rise to the top of cross border ecommerce. By the end of 2015 Global Selection was able to secure a 1.57 billion RMB's investment from KJT, an A share listed company.
With such fast growth Internet Weekly has given Global Selection gleeful recognition, placing the company on its top 300 new internet companies. The company had venture capitalists putting in capital for further growth, and the company had a user base of over 1 million. In the end Global Selection was able to land at number 21, surpassing other cross border ecommerce sites MIA and YMTOU.
Rapid success by Global Selection is a result of approaching the market in a revolutionary fashion. Global Selection has people in all major countries to inspect and do orders on behalf of the company. Once a product is inspected and cleared it will be ordered to Global Selection's own warehouses in the same country. This allows Global Selection to set up shipping on its own terms, further lowering the prices.
With much success of the online cross border ecommerce Global Selection is now looking to implement a stronger offline experience. By working offline Global Selection envisions of synergism that will help bolster the online experience. The first offline store opened in northern Shenzhen and has become a stapled hub for Chinese citizens to get foreign imports. Global Selection looks to open more stores this year with the goal of having stores in all major provinces of China in the future.
The future of Global Selection will be driven by brand management, optimizing the global supply chain, creating a more efficient data management platform, and using the capital generated for better leverage. With both offline and online sources of sale Global Selection looks forward to a promising future.
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SOURCE Global Selection