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ICBC (Thai) Joins Hands with ICBC (China) in Launching ICBC E-Mall
 

ICBC (Thai) Joins Hands with ICBC (China) in Launching ICBC E-Mall

Supporting Thai Operators’ Expansion to Chinese Market

And Promoting Sino-Thai Trade Relations

Industrial and Commercial Bank of China (Thai) Public Company Limited (ICBC (Thai)) in collaboration with ICBC (China) is launching ICBC E-Mall with the aim to support Thai producers to sell their products online to Chinese shoppers and upgrading the bilateral trade relations between the 2 countries.

Dr. Zhigang Li, Chairman of the Board of Directors of ICBC (Thai) said “ICBC E-Mall is an online platform to buy and sell goods and services in which producers can offer their products through ICBC website in China. It was first launched in China in 2014 and has since gained popularity from Chinese customers. As of the end of 2017, ICBC E-Mall had already served 87 million customers with total sales of CNY 1,040 billion. The success is attributed to ICBC being the largest bank in China, trusted by customers and because such service offers a convenient and safe way to buy and sell products online.

Dr. Li further added that “as a bridge between the economies of Thailand and China, we are pleased to be a part in providing Thai producers the opportunity to expand their business to China via online platform which is quickly becoming the preferred channel to shop due to changing shopping behaviors of the Chinese consumers”.

In the past, Thai producers had already been offering goods and services on ICBC website in China such as latex pillow which was very well received. Therefore, the Bank is optimistic that this service will not only help expand the businesses of Thai operators but also enhance the bilateral trade relations between Thailand and China.

For Thai producers and operators who are interested in offering their goods and services on ICBC E-Mall and have passed approval from ICBC (China), the goods will be stored at the depot in Shenzhen Qianhai Special Economic Zone. Meanwhile, they will need to open a dual currency (Baht-CNY) bank account with ICBC (Thai) to be used for receiving payments of goods which will be in CNY and the funds will be immediately remitted into such accounts once the customers receive the goods.

For more information please contact ICBC E-Mall at every branch of ICBC (Thai) or call ICBC (Thai) Call Center at 0-2629-5588.


(2018-03-20)
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