Ecargo Not What It Seems, page-65

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njay

10 Posts.

19/03/15

17:00

Post #: 14944770
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Originally posted by Sinosong ↑

They are signing clients, just not for the services of e-commerce in China.

e-cargo are signing clients, but not actually doing anything in China related to e-commerce.

Our Chinese partners are finalising several e-commerce packages for use in China. I can assure you, if you had the facts on what is required and what can be achieved it is nearly fraud what the IPO and e-cargo are outlining.

So our solution will be sold from China and implemented in China. Real solutions with tangible outcomes.

- Average time from ignite to implementation of a 300 item e-commerce website is 18 months.
- You need a Chinese not HKG partner. You have to deal with each province in China individually at times.
- Alipay is about the only excepted payment portal in China. and the funds from the sales must remain in China.
- Cost difference is astounding. A $10,000 website in Australia will cost you $180,000 in China minimum package.
- Last mile delivery is near impossible to personal addresses.
- Actual business registration is also an issue without Chinese partner. Most of the structures do not allow for funds to be collected with foreign entities.
- Trademarks are another issue. Myer for example would not be able to sell items that are already licensed. So pretty much their entire stock.

We find people who are doing this are companies with significant volume and in most instances are in fresh produce, wine and unique Australia articles game.

They have firm partners and in most cases have staff from China in Australia.

Most e-commerce is done through Alibaba. You have to understand there is a massive difference between a website designed to advertise and one designed to sell and acquire money in China.

But hey what would I know? I have an agenda and should be taken with a grain of salt.

No I do not need funding, China has provided much more than I need.

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I reckon your a great source information, however I only have a few shares with the company and happy to let it sit.

P. S I was hoping to receive a pm from you

ECG Price at posting: 36.0¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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Ecargo Not What It Seems, page-65

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