Sales: Traders look at on­line op­tions

China Daily (Canada) - - BUSI­NESS -

es­pe­cially in the US and Europe, while ex­port pay­ments can take up to two months.

Ris­ing la­bor costs in the seafood pro­cess­ing in­dus­try are an­other neg­a­tive fac­tor, mak­ing banks more wary about in­creas­ing credit lines, and forc­ing small com­pa­nies out of busi­ness.

“As a large mar­ket player, we are still strug­gling and striv­ing in the be­lief that we will get through the bad times so that we can vie for a place in the mar­ket when the good times re­turn,” Yin said.

In a move to boost rev­enue and sales, Yin said he is turn­ing to the coun­try’s boom­ing e-com­merce mar­ket­place af­ter launch­ing an on­line store on Alibaba Group Hold­ing Ltd’s Tmall plat­form.

But for­eign seafood ex­porters, such as Cooke Aqua­cul­ture and D&D Seafood, are play­ing a wait­ing game be­fore join­ing the e-com­merce rush in the coun­try.

“We are ob­vi­ously will­ing to ride on the e-com­merce wave to beef up our pres­ence in China, as long as some plat­forms can prove to be so­phis­ti­cated part­ners,” Robin Dopico said.

PRO­VIDED TO CHINA DAILY

A sales­man grabs an Aus­tralian lob­ster at a seafood mar­ket in Nan­jing, Jiangsu prov­ince. Chi­nese de­mand for ex­pen­sive im­ported seafood ap­pears to have dipped in line with the coun­try’s slow­ing econ­omy.

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