What is FactoryMarket? FactoryMarket Review, Features

FactoryMarket is a new shopping platform that combines PC, mobile and offline chain stores, focusing on service and user experience. Headquartered in Berlin, Germany, FactoryMarket combines mobile e-commerce and offline retail stores to create an omni-channel "new retail" model.

About FactoryMarket

FactoryMarket is headquartered in Germany, and its market radiates from Germany to more European countries, including the United Kingdom, Spain, France, Italy, etc. At present, the order volume from countries outside Germany has reached 40% of the total order volume, and the investment proportion is still increasing.

·FactoryMarket is the first e-commerce platform in Europe to adopt the O2O new retail model of online sales + offline display. At present, the platform mainly develops the German market, and is also entering France, the Netherlands, the United Kingdom and Spain at the same time. With Germany as the base point, it radiates the entire European market and is an important bridge for Chinese sellers to enter Europe. European consumers can experience and purchase products through websites, apps, offline stores and other channels. At present, the download volume of FactoryMarket APP in European app stores ranks first among shopping apps. In addition, the company's first offline chain store in Berlin covers an area of ​​1,000 square meters and is equipped with a professional marketing, business development and service team to provide European end users with an innovative "one-stop" shopping experience combining online + offline stores.

Entry requirements and information

1. Requirements

(1) Have experience in Wish/AliExpress/Joom platforms;

(2) Upload 5,000 SKUs within 3 days.

2. Data

(1) Business license of the company;

(2) A photo of the legal person’s ID card information page;

(3) The legal person shall take a color photo holding the original ID card with the office as the background.

Related Policies

FactoryMarket provides free technical and customer service support; no entry fees, deposits, annual fees, etc. are required, only commissions are charged; loans are disbursed twice a month. For merchants from FactoryMarket's partner Dian Xiaomi, there will be a preferential policy of first-month commission reduction. In addition, high-quality merchants will have the opportunity to obtain FactoryMarket's offline sales channels.

Features

1. FactoryMarket adopts a special model: O2O+B2C+warehouse-style store (similar) model.

2. FactoryMarket is a mobile APP shopping platform. As of mid-2018, it has been installed more than 1 million times. One month after its launch, its daily installation volume exceeded 5,000. It currently ranks third in Germany after Wish and eBay, and the platform has great potential.

3. FactoryMarket plans to expand its offline retail stores in Germany to 100 in 2019, and the area of ​​each store will not be less than 1,000 square meters, giving sellers the opportunity to showcase their products.

Development History

-In September 2017, Factorymarket established its headquarters in Berlin, Germany and a branch in Moscow.

-In October 2017, the mobile APP was launched, with an average daily installation volume of over 5,000 in the first month.

-In November 2017, the first offline retail store opened in Berlin, Germany, covering an area of ​​more than 1,000 square meters.

-In May 2018, the cumulative number of mobile APP installations exceeded 1 million, and the number of offline retail stores in Germany expanded to 5.

-In December 2018, the omni-channel retail model has matured and the company plans to expand its offline chain stores to more than 100 stores in 2019.