Oriental Choice, a live-streaming e-commerce platform owned by New Oriental Training, introduced on August 31 that it had reached a detailed partnership with SF Specific and JD Logistics, and deliberate to determine 20 self-operated product warehouses in Beijing, Guangzhou, Hangzhou, Zhengzhou and Chengdu to supply nationwide logistics service ensures for self-operated merchandise.
By way of SF Specific, Oriental Choice’s self-owned merchandise are delivered from regular temperature warehouses, which are actually dotted all through the nation. To be able to guarantee timeliness and preservation of their merchandise, the logistics protection of frozen merchandise is Northeast China and North China.
By way of JD Logistics, its self-operated merchandise may be delivered on the identical day or the subsequent day, and the cross-province orders are promised to be delivered inside 72 hours.
Based on the finish of 2021, Oriental Choice burst onto the scene this yr by bringing in over 2 billion yuan ($290 million) within the final three months. Michael Yu, founding father of New Oriental Training, as soon as wrote on his public Wechat account: “Happiness and strain coexist. We had been caught off guard by the sudden prosperity of the platform akin to the availability chain. To determine high-quality provide chain assets, extra professionals are wanted.”
In an interview with Yicai, Solar Dongxu, CEO of Oriental Choice, stated that sooner or later, Oriental Choice will deal with investing in provide chain development and the corporate’s in-house product cultivation. Throughout the newest earnings name, Solar added that when it first turned widespread, Oriental Choice solely had one important account, however now it has made 4 accounts on the identical time to deal with completely different particular fields.
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Sooner or later, Oriental Choice will play on some great benefits of New Oriental as a listed firm whereas making use of its funds to raised the format of its industrial chain. The corporate can be aiming to place extra funding into the Chinese language actual financial system and manufacturing business within the area of agriculture.
