CHY MALL is a social EC platform focusing on the connection between consumers and manufacturers and the smart new retail industry ecological chain based on big data. INTRODUCTION TO Chymall MALL E-COMMERCE*
❇Chymall Mall is one of several companies of the Chymall Holdings Group portfolio founded by Zhang Yuan who is also the current chairman.
❇Chymall is an e-commerce platform just like Alibaba, Jump, eBay, Amazon, etc.
❇People who purchase on E-commerce platforms usually go on such sites and buy and the only benefit they get is the product and nothing else. It was only the *producers/manufacturers* and the *e-commerce platform* that earn money at the end of the day.
❇In view of this, Chymall adopted this concept called *THE NEW RETAIL CONCEPT*( which was proposed by Jack Ma) where all the three parties (producer, e-commerce and consumers) earn money. HOW DOES THE TRADING WORKS?*
*NB:* Each trade = 10 days
✅In Chymall, you have access to both ‘retail’ and ‘wholesale’ areas, unlike the other platforms.
✅What happens is that, you buy from the retail area first (which will be shipped to you) and then you are given access to the wholesale area to buy 2 of the same product at 60% discount each
✅Now, once you buy the wholesale items, the items will be listed in the Retail area and sold at retail price within 10 days
✅After that, the payment is made into your account and then you can decide to either withdraw your money and your profit or you roll-over the process (leaving only your profit left in your account) to earn more profits.
*NB:* VAT is deducted after every trade to the government.
