DTC e-commerce merchants
Qbit, a one-stop cross-border financial services platform, has announced a strategic partnership with Choco Up, a global revenue-based financing (RBF) platform.With Qbit’s global financial infrastructure and Choco Up’s flexible and easy access financing solutions, the two companies will be creating a full range of financial solutions for direct-to-customer (DTC) brand companies who are looking to expand internationally. The partnership will offer companies solutions for cross-border payment and collection, intelligent management of overseas spending and funds, and financing growth, as well as helping companies grow their global business and promote the healthy development of China’s cross-border e-commerce ecosystem.
According to the data released at the State Council’s regular policy briefing on July 12, 2021, China’s independent online stores have grown rapidly in recent years, with the total number reaching about 200,000. Independent online stores are the main carriers of the DTC model, and have become a microcosm of China’s cross-border e-commerce industry due to their rapid growth. However, many overseas DTC businesses are facing challenges such as high cost of cross-border transactions, lengthy processing times, complex overseas financial systems, difficulty in obtaining funding, and a lack of rapid growth capital. Developing an effective enterprise structure to achieve rapid growth in global expansion has become a challenge for all business owners.
Qbit’s global financial infrastructure covers over 180 countries and regions, supporting more than 40 major currencies, with compliance licenses in several countries and regions, and in-depth cooperation with banks and licensed institutions. Qbit’s global account enables enterprises to make low-cost, time-efficient cross-border payment and foreign exchange. At the same time, their “Quantum” virtual credit card also supports enterprises to achieve intelligent spending management in multiple scenarios around the world, improving the efficiency of enterprise capital management.
Choco Up is able to provide companies with flexible funding ranging from $10,000 to $10 million. Furthermore, Choco Up securely connects a company’s sales and marketing records to their data integration platform in a matter of hours, and complete an AI-driven risk assessment for businesses to obtain funding and kick-start their global expansion. Unlike traditional financing methods, Choco Up uses a revenue-based financing model which puts up funds in exchange for a regular share or a certain percentage of the recipient companies’ revenue , with the amount flexibly adjusted based on the company’s sales. In addition, Choco Up’s integrated data analytics platform supports companies to analyse and optimize their business in order to maintain a competitive advantage in the market. This will help companies to achieve long-term business growth by obtaining financial support in key areas such as commodity supply chain, marketing promotion and global new market expansion.
“As a Neobank that provides one-stop overseas fund management services for Chinese companies expanding abroad, Qbit is committed to leading the transformation of the cross-border financial industry through technological innovation. We do this by simplifying the business processes of traditional banks and providing end users with efficient, convenient and accurate cross-border financial services, ” said Yujun Wu, the CEO of Qbit. “We are pleased to reach a consensus with Choco Up to work together to create a comprehensive and flexible financial solution tailored for Chinese companies seeking international expansion. “
Brian Tsang, co-founder and COO of Choco Up said, “This strategic partnership with Qbit offers DTC merchants new financing and payment channels, as well as flexible and efficient business solutions for different kinds of DTC companies. We look forward to having a fruitful collaboration with Qbit to unlock various business growth potentials for enterprises.”
Exports are one of the “troika” driving economic growth and plays an important role in stabilizing the economy and promoting development. During this crucial period of transformation of Chinese cross-border e-commerce, Qbit and Choco Up’s partnership will provide financial solutions tailored for DTC brand enterprises to help them solve financial issues such as overseas transactions, growth financing , product development , refine business models, improve product barriers, and promote the development of a new foreign trade industry.
Saad Mushtaq was born and raised in the busy city of Abbottabad. As a journalist, Saad Mushtaq has contributed to many online publications including the PAK Today and the Huffing Post. In regards to academics, Saad Mushtaq earned a degree in business from the Abbottabad UST, Havelian. Saad Mushtaq follows the money and covers all aspects of emerging tech here at The Hear Up.Thanks
Kanye West Merch
Kanye West is a popular rapper, musician, and clothing designer. He has many fans, who adore his music and fashion. Recently, Kanye West Merch has started selling merchandise on his website. His fans have been eagerly buying it up. The merchandise includes T-shirts, hoodies, hats, and other items. Some of the designs feature popular lyrics from Kanye’s songs. Other items feature graphics or designs that are inspired by Kanye’s music or fashion sense. So far, the feedback from fans has been positive. They love the quality of the materials used and the designs of the items. They also appreciate that they can buy merchandise that is exclusive to Kanye West Merch website. If you’re a fan of Kanye West, be sure to check out his online store for some great merch.
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Kanye West Shirt
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Kanye West Sweatshirt
Kanye West’s influence in popular culture is undeniable. From his early days as a hip-hop artist to his recent foray into fashion design, Ye has always been one step ahead of the curve. His latest album, “The Life of Pablo,” was released in February 2016 and spawned hits like “Famous” and “Father Stretch My Hands Pt. 1.” If you’re looking for some new Kanye West gear to show your support for the rapper, check out our selection of sweatshirts. Made from 100% cotton, these hoodies are comfortable and keep you warm on those cold days or nights. They’re also machine-washable so they’re easy to take care of – perfect if you’re on the go! Whether you’re listening to Ye’s latest album or just hanging out with friends, these Kanye West sweatshirts will let everyone know that you’re a fan of the artist extraordinaire! Order yours today! (Sharing an exciting giveaway opportunity here as well if available)
Umar Nisar was born and raised in the busy city of Abbottabad. As a journalist, Umar Nisar has contributed to many online publications including PAK Today and the Huffing Post. In regards to academics, Umar Nisar earned a degree in business from the Abbottabad UST, Havelian. Umar Nisar follows the money and covers all aspects of emerging tech here at The Hear Up.