E-commerce with China now works through the dropshipping service

May 31, 2019

Abstract : The last frontier of e-commerce is called dropshipping. That is to say, selling a product online without physically owning the goods, managing the inventory and shipments.

MILAN, May 30 (Class Editori) – The last frontier of e-commerce is called dropshipping. That is to say, selling a product online without physically owning the goods, managing the inventory and shipments. This automation of the processes in recent years has led to the birth of different apps, most of which allow you to import from large Chinese stores, first of all Aliexpress. In Italy – with a different approach – Yakkyofy allows to manage everything directly, a start-up in LVenture Group's portfolio. In fact, it is an online service that manages the procurement and shipment of goods from China, in which the holding company listed on the MTA of Borsa Italiana – which invests in digital startups and accelerates the development process from the prototype to the market – holds 13.4%

The weight of dropshipping on global e-commerce turnover is estimated at around 33% and the sector expects triple-digit growth up to at least 2021. In practice, the dropshipper – as it is defined the owner of an online store – asks the third-party supplier to send a product directly to the buyer, even without having it physically in stock.

Yakkyofy, co-founded by Carol Hsiao and led by Giovanni Conforti, recently among the 30 realities chosen by the City of Science for the startup showcase in Shenzhen, aims to become an Italian and European reference point in this sector. The software was launched in 2018, and allows users to upload the products in the application catalogue directly to their store with just one click, complete with photographs and descriptions. The loaded items – of the Italian start-up as well – are made in China, but unlike the competitors, it is not Yakkyofy which connects the store to Alibaba, but it directly supplies the products through its own private channel.

Compared to other competitors, it allows to independently manage shipments and offers delivery times from 3 to 10 days, from China to the rest of the world. Above all, it allows to interface with a single interlocutor instead of importing and selling from multiple suppliers on the Alibaba platform.

(Source:Class Editori)

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