23 May 2016, NEW DELHI: China’s Tiens Group plans to go into e-commerce industry in India by second half of this year.
According to sources and reports by HT Media, Tiens South Asia Region President Kevin Hou said, we plan to sell 3,000 items from the online shopping platform, which would prepare in the second half of the year. Indian consumers will have the ability to purchase products from different countries on the platform. The company’s total user base in India is presently 2 million. We prepare to take this to 10 million in the next 5 years.
India is a big market with a 300 million strong middle class starving for a variety of world class items and services. At Tiens, we plan to tap the big Indian market in a huge way over the next 5 years.