In November last year, Hong Kong signed a Free Trade Agreement and Investment Agreement with ASEAN, which are expected to come into effect from 1 January, 2019 at the earliest. According to the Hong Kong Trade Development Council, Hong Kong's total exports to ASEAN countries reached a value of close to US$30 billion in the first ten months of 2017.
To help members better understand the potential of this market, the Chamber's Retail and Tourism Committee has invited Mr Ben Chuk, Business Development Representative of JD.com International Limited, to speak at a roundtable luncheon on 17 September.
He will share his insights about doing business with Southeast Asia markets and the state of development with e-commerce in that region, which is expected to grow to US$88 billion by 2025. The company has recently expanded into Indonesia, Thailand and Vietnam.
He will also introduce the various channels offered by JD.com for interested parties to explore new business opportunities in this important and growing market.
JD.com is one of the biggest B2C e-commerce companies in Mainland China, serving 300 million active customers through its WeChat and QQ platforms. In February, JD.com announced a partnership with Fung Retailing, part of Hong Kong conglomerate the Fung Group, to develop AI-driven retail solutions together. JD.com's value proposition is centred around two key elements: (1) maintaining a strict zero-tolerance policy towards counterfeit products, and (2) offering a vast selection of products, from apparel and home furnishings to fresh food, to local customers. JD.com also works with major companies around the world such as the Thai retail giant Central Group, Google and Wal-Mart, to set up tailor-made marketing solutions.