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Hong Kong Trade Development Council (HKTDC) announces new innovative mechanisms for trade exchange for Indian businesses

Hong Kong Expo goes online amid pandemic disruption. For the first time ever – buyers from India can provide their sourcing requirements and HKTDC will provide free business matching service. And connecting them with the most relevant suppliers from across the world –online.

New Delhi, April 20, 2020: Hong Kong Trade Development Council (HKTDC), a statutory body dedicated to creating opportunities for businesses in Hong Kong has announced a slew of facilitations at the Spring Virtual Expo. Taht aimed at attracting existing and other active buyers from India and helping them capture new opportunities online – amid COVID 19 disruption.

HKTDC launched Spring Virtual Expo

HKTDC, which launched its month-long Spring Virtual Expo on 1 April will give Indian businesses a new channel to establish contact and source from quality vendors. The HKTDC’s online marketplace, hktdc.com Sourcing (sourcing.hktdc.com), features around 130,000 quality suppliers and more than 2 million international buyers, with over 24 million business connections made every year. Supplier information is verified by third-party organizations to enhance buyers’ sourcing confidence. 

HKTDC Executive Director Margaret Fong said: “To help enterprises tide over the COVID-19 outbreak, we are launching a series of digital initiatives, including webinars and virtual exhibitions. We are also offering online-to-offline (O2O) promotion packages for companies to participate in our physical exhibitions and conduct promotions through our online platform. Offering a double opportunity to expand their customer base and capture orders.”

The COVID-19 pandemic has impacted business activity and supply chains across the globe. With numerous trade fairs and events around the world being postponed or cancelled, depriving many enterprises of business and marketing opportunities. According to global exhibition industry association UFI*, potential deals worth at least US$145 billion were not concluded as events failed to take place as scheduled. To help companies rise to the challenge, the Hong Kong Trade Development Council (HKTDC) is offering number of new platforms. And special packages to capture every business opportunity available.

“Exhibitors can showcase products at the exhibitions and promote online at the same time. This extends the fair period so businesses can reach more buyers and field orders,”

SAID MS FONG.

Ms. Fong added that the HKTDC will organize a Summer Sourcing Week from 25 to 28 July. Featuring nine fairs located at the same venue. Buy it will provide a one-stop cross-industry platform for global buyers to replenish their stocks. Additionally, the HKTDC is looking into O2O business-matching services at its fairs. So that overseas buyers who cannot come to Hong Kong can locate target exhibitors in advance. Video conferences will be arranged between buyers and exhibitors to discuss business deals.

Spring Virtual Expo focuses on four themes:

To further enhance the effectiveness of business matching. The Spring Virtual Expo focuses on four themes: technology – lighting and electronics, gifts and houseware, lifestyle, and fashion and beauty. So, the 33 groups of products covered under the four themes will include lighting, construction and hardware, electronics and computer accessories, home products, gifts, toys, baby products, and stationery; jewelry, watches and glasses, and fashion accessories, clothing, and health and beauty products. Also, to help meet their different sourcing needs, global buyers will receive personalized product recommendations through online channels. And such as social media, online advertising, and email, helping buyers and sellers to seal deals more quickly.

The HKTDC has invited buyers from all over the world to participate. And including VIP buyers and those who have participated in HKTDC fairs.

Spring Virtual Expo link:

http://info.hktdc.com/virtualexpo/?DCSext.dept=2&WT.mc_id=6234838

About HKTDC:

Established in 1966, the Hong Kong Trade Development Council (HKTDC) is a statutory body dedicated to creating opportunities for Hong Kong’s businesses. With more than 50 offices globally, including 13 on the Chinese mainland. Also, the HKTDC promotes Hong Kong as a platform for doing business with China, Asia, and the world. With 50 years of experience, the HKTDC organizes international exhibitions, conferences and business missions to provide companies, particularly SMEs. With business opportunities on the mainland and in international markets. While providing business insights and information via trade publications, research reports and digital channels including the media room. For more information, please visit www.hktdc.com/aboutus.

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