Additionally, it made mention of a “zero returns and zero refunds” plan, which may cover costs incurred by businesses when they send products to the company’s peninsula warehouses.
The free delivery company generally covers 16 types of men’s and women’s clothing, including boots, purses, sports shoes, outside bags or accessories.
Business people and associates urged local merchants, which have already suffered losses with improved cross-border wasting, to improve their services to retain customers.
Peter Shiu Ka-fai, a representative for the wholesale and retail industries in Hong Kong, expressed worry but urged stores to maintain their profitability and enhance customer experience.
Shiu, the leader of the pro-business Liberal Party, said,” Great book and labor costs have now made it difficult for Hong Kong merchants to contend on cost.
“But our advantages is that Hong Kong is a small city, so one can shop there for clothing or other items without having to look through the internet and wait for the distribution.”
The key is that our store service been excellent, they say. I think there are many buyers who, if they have a better user experience in stores, wouldn’t mind paying a little more for the same product.
His opinions were echoed by scholar Billy Mak Sui-choi, associate professor at Baptist University’s section of accounting, economics and finance.
“Technology has had a huge impact on consumers ‘ buying attitude. Instead of wasting time visiting the mall or waiting in long lines for money,” Mak said, virtual shopping allows customers to purchase products right away from their homes.
“But, online shopping offers zero company. For clothing or style, consumers may like tips from factory assistants about fitting, styling, or alteration solutions. These can only be feasible via on-site buying.”
Mak said he thought the virtual retailer’s new service would hit hardest by the net retailer’s new model, which would include those who purchased items from Taobao and resold them directly at jacked-up prices.
“If these retailers cannot adapt to the new century, they are bound to be copied, “he said.
The government attributed the subpar performance to changes in visitors ‘ and residents ‘ consumption patterns as well as the strength of the Hong Kong dollar.
The trend of Hongkongers spending more on the island or in other countries has had a negative impact on the state’s financial field.
Taobao’s business model is built on the company’s extensive transport subsidies.
Taobao’s free-delivery company aims to strengthen the e-commerce product’s position in the eyes of rival fast-fashion giants like Temu and Shein by allowing clothing retailers to directly sell products to customers around the world.
Taobao is owned by mainland-based Alibaba Group, which also owns the South China Morning Post. The team is China’s biggest e-commerce business, with investments in a large collection of businesses from logistics, sky services, and funding to media.