Abstract: The cooperation between the two companies will greatly enhance NetEase's competitiveness in E-Business infrastructure.
At the beginning of 2016, Hangzhou Ontime I.T. Co., Ltd and Kaola.com, Which is owned by NetEase, Reach intend to cooperationa in anti-counterfeiting. According to the agreement, in addition to anti-counterfeiting, This project will be extended to picking, out storage, reverse logistics, stocktaking, and other aspects in 2016.
NetEase (NASDAQ: NETS) is a leading Internet company in China. Now It's market value is near $ 20 billion, Ranking only second to Alibaba, Tencent, Baidu, and JD, Which is far beyond the $2.7 billion of Sina and $1.9 billion Sohu. NetEase's market value blooming benefits from the fast growth of E-commerce. Kaola.com is a focused integrated E-Business mall. Which is a subsidiary of NetEase and Was public tested in January 2015, Kaola.com covers importing mom & baby products, make-up products, daily necessities, importing food, health-caring food, fashion goods, and so on.
Found in 1994, Hangzhou Ontime I.T. Co., Ltd, one of the mature RFID label manufacturers, is a high-tech company within the range of the nation-supporting high-tech fields. Our business includes R&D, designing, manufacturing, selling, and after-service, we can offer the clients a whole set of flexible solutions and one-stop services.
Here's what Hangzhou Ontime I.T. Co., Ltd's RFID group has already offered to the customers in the fields of cloth, logistics, tobacco, and food. The RFID integrated we serve to include smart anti-counterfeiting, smart source-tracking, smart channeling- preventing, smart storage, smart store, and smart supply-chain. Hangzhou Ontime I.T. Co., Ltd has really accumulated rich experience.
The cooperation between the two companies will greatly enhance NetEase's competitiveness in E-Business infrastructure, which will surely increase its response ability in Stocktaking, fake-preventing and source-tracking, fast shipment, and so on.