{"id":15219,"date":"2022-07-06T21:00:00","date_gmt":"2022-07-06T13:00:00","guid":{"rendered":"https:\/\/newsbites.hktdc.com\/?p=15219"},"modified":"2022-12-06T08:58:26","modified_gmt":"2022-12-06T00:58:26","slug":"sourcing-success-stories","status":"publish","type":"post","link":"https:\/\/newsbites.hktdc.com\/tips\/sourcing-success-stories\/","title":{"rendered":"Sourcing Success Stories: The Path to Going Global\u00a0"},"content":{"rendered":"\t\t
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Expanding a business to a global market is one of the bottlenecks that many entrepreneurs face. For buyers, the pathway to expansion is sourcing the perfect supplier that quickly delivers affordable, high-quality products that fit your consumer needs. On the other hand, for suppliers, international growth comes from finding buyers with a global vision with high demand for your products.\u00a0<\/span>\u00a0<\/span><\/p>

To overcome this adversity, a credible sourcing platform with an extensive network and knowledge of what they are doing is crucial in evolving your business to the world. Fortunately, many business owners have found their answers on HKTDC Sourcing \u2013 an established B2B sourcing platform that aims to bridge supply and demand gaps between buyers and suppliers.\u00a0<\/span>\u00a0<\/span><\/p>

Discover how businesses flourished globally after using HKTDC Sourcing in the success stories below.\u00a0<\/span>\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Innovating A Way to Success<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Founded in 1990, Hoi Lee Enterprise (China) Limited <\/span>specializes in <\/span>developing<\/span> travel and outdoor goods such as backpacks, suitcases, insulated water bottles and sporting goods. <\/span>Having <\/span>its<\/span> wholly-owned<\/span> factory, the business is able to <\/span>create<\/span> innovative products and provide personalized solutions to <\/span>buyers<\/span>.\u00a0<\/span><\/span>\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Business owner Mr Wong was awarded many product design awards due to his company\u2019s innovative creations <\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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At present day, the company has successfully expanded their business to Europe, the US and Asian markets and was presented with many international product design awards such as <\/span>Germany\u2019s Red Dot Design Award <\/span><\/i>in 2021 and <\/span>Tokyo\u2019s Life X Design Award<\/span><\/i> in 2020.\u00a0<\/span>\u00a0<\/span><\/p>

On this road to international growth and company success, business owner Mr Wong attributed his achievement primarily to HKTDC Sourcing. He mentioned that many clients cooperating with him for over a decade were met due to this sourcing platform. Besides providing him with sustainable buyers, HKTDC Sourcing was also able to create many new oversea opportunities. Mr Wong recalled that he once secured a US$100,000 order from a first-time buyer in Italy for shipment of suitcases simply from HKTDC Sourcing.\u00a0<\/span>\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Hoi Lee Enterprise secured a US$100,000 suitcase order from a first-time buyer in Italy due to HKTDC Sourcing<\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Hoi Lee Enterprise continues to thrive amidst the difficulties of <\/span>the <\/span>COVID-19 pandemic as <\/span>Mr<\/span> Wong<\/span> continues to innovate by integrating sustainability into his products <\/span>and <\/span>uses<\/span> HKTDC Sourcing as his sourcing platform to expand his clientele network.\u00a0<\/span><\/span>\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Customized for the Moment <\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Zhilong<\/span> Industry Co Ltd focuses <\/span>its<\/span> business on customizing trendy <\/span>apparel<\/span> for corporations<\/span>.<\/span> With its company sales quarter and processing plant situated both in<\/span> Chinese Mainland, their business used to provide goods to overseas market regularly. However, with the boom in factory development from Southeast Asian countries, <\/span>it<\/span> needed to stand out from its competitors.\u00a0<\/span><\/span>\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Zhilong Industry Co Ltd secured many deals with global brands through the use of HKTDC Sourcing <\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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That is when <\/span>the <\/span>b<\/span>usiness <\/span>m<\/span>anager<\/span>, <\/span>Mrs<\/span> Huang<\/span>, discovered HKTDC Sourcing. Unlike other sourcing platforms, she was particularly impressed that HKTDC Sourcing has a team of strategic planners that <\/span>assisted <\/span>her <\/span>in appealing<\/span> to quality international buyers. Over half of her buyers streamed from HKTDC Sourcing <\/span>from start-up<\/span> \u2013<\/span> and now, with her business growing drastically, approximately 40% of <\/span>her total <\/span>buyers <\/span>come<\/span> from this sourcing platform<\/span>.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Utilizing HKTDC Sourcing\u2019s online showroom function, Mrs Wong can easily attract buyers with clear visuals<\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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However, like many businesses, Mrs Wong\u2019s company faced economic difficulties due to the COVID-19 pandemic. To attract attention from buyers, Mrs Wong decided to optimize the usage of various functions on HKTDC Sourcing, such as the online showroom function that allows her to showcase her products extensively.\u00a0<\/span>\u00a0<\/span><\/p>

Using the functions of HKTDC Sourcing, Mrs Wong quickly obtained an order from a renowned outdoor manufacturer in Thailand \u2013 requesting 30,000 units of customized baseball caps. With her high-quality products, this initial deal led to a three-year contract, which gave her greater confidence in her business and the functions provided by HKTDC Sourcing.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Finding Your Sourcing Solution <\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Apart from the HKTDC Sourcing platform, businesses can also find reputable business partners through trade shows and <\/span>their<\/span> related exhibition models.\u00a0\u00a0<\/span><\/span>\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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The Hong Kong Trade Development Council (HKTDC) introduces \u2018EXHIBITION+\u2019, a brand-new exhibition model integrating online-and-offline trade show formats, extending face-to-face interactions from its world-class exhibitions in Hong Kong to an online smart business matching platform to help you connect business partners proactively.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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hktdc.com Sourcing is a reputable B2B sourcing platform that reaches over 2 million international buyers and features over 130,000 quality suppliers. Powered by AI technology, the platform has multiple innovative functions which can seamlessly match suppliers with buyers. You can learn more about hktdc.com Sourcing\u202fhere<\/a>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Subscribe to\u00a0NewsBites<\/a>\u00a0and stay updated on the latest business trends and news.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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\n\t\t\t\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

Expanding a business to a global market is one of the bottlenecks that many entrepreneurs face. For buyers, the pathway to expansion is sourcing the … <\/p>\n","protected":false},"author":26,"featured_media":15472,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[369,4],"tags":[],"class_list":["post-15219","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-success-stories","category-tips"],"yoast_head":"\nSourcing Success Stories: The Path to Going Global\u00a0 - HKTDC Newsbites<\/title>\n<meta name=\"description\" content=\"Expanding a business to a global market is one of the bottlenecks that many entrepreneurs face. 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