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Foxconn plans renewed shift into distribution

Updated: 2012-05-11 07:47
By Gao Changxin in Shanghai ( China Daily)

Hon Hai Precision Industry Co Ltd, also known as Foxconn, plans a renewed push into distribution with a new headquarters in Shanghai, construction of which started on Thursday.

Terry Gou, chief of Foxconn, Apple Inc's main manufacturer, said that the business model of the company's new e-commerce services will provide clients with "one-stop" services ranging from manufacturing to logistics and reselling to consumers.

He didn't elaborate on the plan but claimed that China's existing e-commerce business model was "burning money".

Foxconn plans renewed shift into distribution