Good news for online shopaholics – Taobao had set up its Southeast Asia hub in Singapore.
For the uninitiated, Taobao (淘宝) is the Chinese equivalent to shopping sites like Amazon, Qoo10 or Rakuten.
Prior to the launch of its Southeast Asia office, many in Singapore were unable to buy directly on Taobao as it required customers to have China bank accounts. In addition, most Taobao sellers do not ship overseas. Going through third-party daigou agents to buy on their behalf was the only way Singapore buyers could shop on Taobao, until now.
With the launch of International Parcel Forwarding Service (IPFS) in Singapore – and Malaysia too! – customers can now buy from Taobao and have their orders shipped to Singapore via an international forwarding agent (国际转运商). Continue reading