What is Yangmatou & Yangmatou Review

Ymatou is an independent overseas shopping platform in China. It provides real-time live broadcasts of overseas shopping scenes by overseas buyers and merchants, as well as fast and safe cross-border direct mail transportation. It also provides consumers with genuine product guarantees and a ten-fold compensation service for counterfeit products, thus solving consumers' worries. As a one-stop overseas shopping platform, Ymatou focuses on connecting the global retail market with local Chinese consumption, and is committed to bringing high-quality and abundant goods from all over the world, as well as trendy lifestyles and cultural concepts, to Chinese consumers.

Features

·Create a buyer merchant model: Yangmatou is an innovative e-commerce platform that creates a buyer merchant system in the industry. Through the buyer merchant model, it establishes a fragmented and flexible global supply chain, and uses the method of shopping live broadcast to provide domestic consumers with good products worth buying from around the world. Yangmatou has been constantly consolidating the buyer merchant model, highlighting the differentiated characteristics of the platform, while focusing on empowering buyers and merchants, regularly providing various trainings, and constantly improving the service system to further serve consumers.

Big data supervision, guarantee of authentic overseas products: At the source, through online and offline, multi-departmental joint supervision, we continuously improve and enhance the entry threshold and review mechanism for buyers and merchants, and introduce four major departments of supply chain, operation, customer service, and marketing for joint review. Buyers located overseas will also be subject to local national legal supervision. At the same time, we regularly organize overseas teams to conduct on-site return visits to verify relevant qualifications to ensure that the goods purchased by consumers are authentic overseas products. In terms of logistics, Yangmatou continues to invest heavily in building its own official logistics Beihai International and deploying a global service network. At the same time, it performs customs clearance legally and compliantly, and provides real-time query of the entire status. In terms of technology, we use the big data supervision system to integrate tens of millions of transaction data and massive user feedback to strictly select authentic overseas products.

· Free shipping and tax, save worry and effort: Yangmatou benefits consumers, all purchased goods are free of shipping and tax, without the trouble of cumbersome procedures, solving purchase concerns.

Official direct mail, guaranteed experience: Ymatou is one of the first cross-border e-commerce platforms in the cross-border industry to build its own international logistics. With the help of its official logistics company Beihai International, it fully connects with the customs for inbound package information, greatly improving customs clearance efficiency, and achieves "overseas authentic" traceability through online query of transportation status, ensuring that the transportation process is completely closed to avoid unpacking and substitution, forming a core competitiveness that is difficult to imitate in the industry. This also enables Ymatou to maintain a leading advantage in the competition among domestic cross-border e-commerce platforms after the implementation of the new tax reform policy in 2016.

· Local Chinese service, customer service "zero time difference": Yangmatou provides users with exclusive "foreign housekeeper" service, which is on call at any time to deal with language and time difference differences around the world, and promptly answers consumers' shopping, return and exchange inquiries in Chinese, achieving "zero time difference in customer service". It has created "local return" in the industry and established a domestic return warehouse to ensure consumers' complete service experience. At the same time, it implements advance compensation for transaction disputes between users and buyers and merchants to further protect the rights and interests of consumers.

·Introducing "Black Friday" to China: Black Friday is a promotional shopping festival originated in the West, where people go crazy to buy things. Yangmatou introduced the original "Black Friday" to China, which completely stimulated the overseas shopping enthusiasm of Chinese consumers. The latest data shows that during the "Black Friday" in 2016, the transaction volume increased by 6 times year-on-year. Within 10 minutes of the start of "Black Friday", the transaction volume exceeded 60 million; the average customer price exceeded 700 yuan.

Buyer entry conditions

At present, sellers stationed on Yangmatou can be divided into two categories, one is individual buyers, whose model is C2C, and the other is merchants, whose model is M2C.

Buyer admission process

1. Register a buyer account and activate it via email.

2. Before submitting a certification request, the platform requires buyers to promise that the source of the purchased items is legal and there are no fakes! Otherwise, Yangmatou and its affected users will reserve the right to resort to overseas local laws or Chinese laws to obtain compensation.

3. Secondly, the materials that buyers need to provide for identity and address verification are limited to those actually received by buyers in their overseas life within the last three months:

-Utility bills Water/electricity/gas bills

-Wireless/phone services bills

-Banking statement (Checking, Saving)

-Credit card statements

Note: The above materials must include the buyer’s real legal English name and permanent residential address, and the materials are limited to original digital photos or scanned copies of real materials.

4. After the buyer submits the certification materials, the platform will mail an identity confirmation letter to the overseas fixed residence address where the buyer applies for certification.

Note: All sales proceeds generated cannot be withdrawn until the buyer confirms receipt of the confirmation letter.

Buyer's Notes

1. Buyer nature and positioning: a company or individual that provides purchasing services, not a seller.

2. The positioning of Yangmatou.com: a communication and transaction platform, not a purchasing service provider or a seller.

3. Item Quotation and Shipping Fees: Item quotation refers to the price that users get when they find buyers to buy items on their behalf. It includes the item cost and any other fees that may occur in the process, such as consumption tax, tariffs, transportation insurance, purchasing agent service fees, and logistics shipping fees. The shipping fees charged by buyers to users should include all the costs of delivery, including but not limited to the costs from overseas merchants to buyers, from buyers to international logistics companies, air transportation, customs declaration, customs clearance, transportation insurance, possible tariffs, and the final domestic delivery to the address specified by the user. Unless otherwise specified, buyers charge shipping fees and are required to bear all possible damage, shortage, loss, and other losses that may occur along the way. The cost of purchasing additional transportation insurance shall be borne by the buyer.

4. Logistics and delivery: Buyers need to make careful research and decisions on the logistics and delivery service providers they use. Ymatou.com does not assume any consequences caused by the mistakes of the corresponding logistics and delivery service providers, including but not limited to lost packages, damage, illegal declaration, etc.

5. Source of goods: Any buyer must promise that the source of the goods they purchase is legal and there are no fakes! If this basic promise is confirmed to be violated, Ymatou.com and its affected users will reserve the right to resort to overseas local laws or Chinese laws to obtain compensation.

6. Item Release: Buyers are not allowed to buy or sell items that are prohibited or restricted from sale by the state, items that infringe on the intellectual property rights or other legitimate rights and interests of others, or items that violate the public interest or public morals, or items that Yangmatou.com deems unsuitable for sale on Yangmatou.com.

7. Return Commitment: Once the certified buyer promises the return service according to the standard return terms of Ymatou.com, it must be strictly implemented. If the terms are met and the user has returned the product, and the buyer refuses to refund, Ymatou will have the right to recover the refund on behalf of the user, including but not limited to automatically deducting the refund from the subsequent sales and cashable funds. If the balance is insufficient, the buyer is obliged to recharge until there is enough money for the refund. If the buyer continues to fail to provide sufficient funds for the refund, Ymatou and its affected users will reserve the right to resort to overseas local or Chinese laws to obtain compensation.

Payment Management

The payment for goods on the Yangmatou website will only be deposited into the buyer’s Yangmatou account when the user confirms receipt of the goods; or 21 days from the date of shipment by the buyer. If the user does not confirm receipt of the goods within the deadline and does not apply for a refund, it will be assumed that the user has received the goods and the quality of the goods meets the agreement between the two parties. The transaction is successful and the payment is automatically deposited into the buyer’s Yangmatou account.

If the user requests a return or refund or cancels the transaction, the corresponding payment will be returned to the user's account only with your consent.

If you need to withdraw cash, you can only withdraw it to a domestic bank account.

FAQ

Q: How do I act as a purchasing agent on Yangmatou?

A: You must first be a Chinese who has lived overseas for a long time before you can become our certified buyer through our overseas address identity dual authentication. After successful authentication, you can sell spot goods on Yangmatou and provide purchasing services; after accepting purchasing orders from domestic customers, you must fulfill the basic obligations of ordering, shipping, and after-sales. You can only withdraw the payment after the customer confirms receipt of the item. You must also abide by our unified return rules and return and refund transactions that meet the return rules.

Q: Are there any fees at Yangmatou?

A: We currently do not charge any fees.

Q: How do I become a buyer?

A: Before certification, you need to agree and accept Yangmatou's service agreement for buyers. Secondly, you need to submit materials for identity and address verification. After the review is passed, you will receive a confirmation letter.

Q: How do I release spot goods?

A: You need to select "Publish Spot Goods" in "My Dock". Then follow the prompts to add spot goods. You can also set product category labels for the published spot goods, which makes it easier for buyers to browse the products in the store.

Q: How do I set the selling price?

A: The price of the product usually includes service fees, shipping fees, and consumption tax. If the international shipping fee is borne by you, it also includes international shipping fees and customs duties. If the international shipping fee is borne by the buyer, you need to fill in the shipping fee and indicate who will bear the customs duties in the product description.

Q: How can I purchase products on behalf of others?

A: You need to set up a purchasing formula in the store, and then write down the purchasing details and purchasing scope in the purchasing introduction. When purchasing goods on behalf of others, the buyer usually pays a deposit first, and you initiate a supplementary payment after the purchase is successful. The goods will be shipped after the buyer pays the balance. You can receive the payment after the buyer confirms receipt of the goods.

Q: How do I apply for a store?

A: After you become a buyer, you have opened a store by default. You can select "Set up a store" in "My Dock" to add store information. Store information includes store name, contact information, store announcement, purchasing introduction, purchasing formula, purchasing category, etc. You can set it as needed.

Q: What is the use of the deposit for purchasing on behalf of others in the store?

A: The purchasing deposit allows the buyer to purchase the purchasing goods. You can copy the purchasing deposit link to the buyer to purchase the purchasing goods.

Q: What responsibilities do I have to bear?

A: 1. Promise not to sell counterfeit goods; 2. Comply with our unified return policy; 3. Bear all possible customs duties and transportation losses.

Q: Did I receive the money in RMB or USD?

A: You receive RMB and you need to provide Yangmatou with a domestic bank account for cash withdrawal.

Important development history

-In March 2010, Yangmatou official logistics subsidiary Beihai International was officially established in Silicon Valley, USA.

-In March 2011, Yangmatou’s two major international logistics centers in San Francisco and New York were officially opened.

-In July 2011, the Yangmatou website was officially launched.

-In June 2012, the Los Angeles International Logistics Center of Yangmatou was officially put into use, and a total of three international logistics centers have been built.

-In December 2013, the Yangmatou mobile app was officially launched.

-In 2014, Yangmatou planned to build global logistics centers. International logistics centers in London, Paris, Frankfurt, Melbourne, Sydney and Chicago were officially put into use, and a total of 9 international logistics centers have been built.

-In January 2015, Yangmatou announced the completion of its Series B financing of US$100 million.

-In April 2015, Ymatou reached a strategic cooperation with Shanda Group's electronic payment service company Shengfutong, which can support quick payment of more than 60 mainstream banks.

-In April 2015, Ymatou and Star Media Group reached a strategic cooperation and prepared a plan to issue a co-branded card.

-In May 2015, Yangmatou Hangzhou Free Trade Zone was officially put into use.

-In June 2015, Yangmatou became one of the first pilot enterprises in the China (Hangzhou) Cross-border E-commerce Comprehensive Pilot Zone.

-In June 2015, Angelababy (Yang Ying) established the venture capital fund AB Capital, invested in Yangmatou, and served as Yangmatou's star product manager and investor.

-In July 2015, the Ymatou Japan Tokyo International Logistics Center was officially put into use, and a total of 11 major international logistics centers have been built.

-In September 2015, the Yangmatou Las Vegas International Logistics Center was officially opened, and a total of 12 major international logistics centers have been built.

-In November 2015, Yangmatou led the Black Friday shopping trend in China, setting a new high in the industry.

-In April 2016, Ymatou announced an investment of 1 billion to expand into the Japanese market.

-From June to August 2016, Yangmatou's international logistics centers in Osaka, Japan, Incheon, South Korea, and Auckland, New Zealand were officially put into use, and a total of 15 international logistics centers have been built.

-In June 2016, Yangmatou’s official logistics pioneered “Rapid Compensation”, defining a new standard for logistics services in the cross-border e-commerce industry.

-In July 2016, Ymatou released the first domestic “China Overseas Shopping Consumption Report for the First Half of 2016”.

-In August 2016, the overseas direct mail delivery time of Yangmatou official logistics was completed in an average of 5 days, setting a new record for cross-border logistics.

-In November 2016, the first batch of American packages from Yangmatou were airlifted to China on Black Friday, and cleared customs in just 17 hours, setting a new record.

-In August 2017, Yangmatou launched “Dock Optimization”.

-In August 2017, Yangmatou pioneered the “platform + member” joint supervision mechanism in China and established the “Eagle Eye Alliance”.