What is Ezbuy? Ezbuy Review

Ezbuy is a full-category shopping platform for the Southeast Asian market. It has now developed into one of the largest retail e-commerce platforms in Southeast Asia, mainly providing users with products from China, the United States, South Korea and other countries.

About Ezbuy

Ezbuy was founded in 2010. Its predecessor was called 65daigou. From the pinyin of Ezbuy’s previous name, we can know that the platform is centered on purchasing services. Judging from the traffic data of its website, Ezbuy’s purchasing services mainly focus on purchasing cost-effective products from Taobao to the Singapore market.

Currently, Ezbuy has opened sites in 5 different countries: Malaysia, Singapore, Indonesia, Thailand, and Pakistan.

The platform has more than 1,000 sellers, with an average daily sales volume of around 200,000 orders. At the same time, Ezbuy's focus on Chinese products remains the main focus. It has warehouses of tens of thousands of square meters in Dongguan and Jiaxing, and has established a Greater China headquarters center in Shanghai and a customer center in Changsha.

Platform Advantages

1. Strong strength: Southeast Asia has a target population of 650 million and huge market potential; experienced elite team with more than 1,000 employees; and 6 self-owned warehouses;

2. Rapid development: The number of sellers in the C round of financing has reached 1,000+, with an average of 200,000 orders per day;

3. Entry fee: 0 international shipping fee; a small amount of platform service fee;

4. Easy to operate: No need to worry about international logistics, just ship the goods to ezbuy's domestic warehouse; no need to worry about customer service, Ezbuy has its own customer service team; if you don't know how to operate, the experienced operation team will work with you.

Entry conditions

Ezbuy has a dedicated channel for Chinese sellers to enter the platform. All sites on the platform can log in to the Chinese seller entry page. However, sellers who enter the platform must meet the following Ezbuy entry conditions:

1. Quality requirements: There are requirements for the quality and reputation of the goods, and brand suppliers are given priority.

2. Price requirements: The seller’s product prices must be reasonable and competitive in the market. Simply put, the prices must be low.

3. Product quantity requirements: The platform requires sellers to have a wide range of product categories and sufficient product inventory.

4. Efficiency requirements: fast product launch and fast goods delivery.

5. Comply with platform rules: High degree of cooperation with the platform and no fraudulent behavior.

Settlement process

1. Register an account

Enter the "Chinese Seller Registration" page from any Ezbuy site, find the account registration link to enter the account registration page, or click here directly:

Select the country, fill in the mobile phone number and verification code, set the login password and login name, check the "Seller Registration Agreement" and submit. After completion, you will be redirected to the seller's account background for store authentication.

2. Choose the store type

The store type can be selected as individual or corporate, and the required information is also different.

3. Read the store opening instructions

4. Fill in the relevant information of the enterprise (individual) and store

Fill in the store information: including store name, main categories, purchase channels, warehouse address, number of merchant products, Ezbuy platform acquisition channels, and sales on third-party platforms:

You can choose bank card or P card as the settlement method:

Fill in personal information, including name, ID card, QQ, email address, mobile phone information, ID card photo and photo of holding ID card:

Fill in the company information, including: company name, business license (three-in-one certificate), business license and bank account opening certificate, legal person ID card, emergency contact information:

5. Submit for review and wait for the review result.

6. After the review is passed, the product can be put on the shelves, and the platform requires the seller to ship the product within 48 hours.

8. Platform settlement: Platform settlement is carried out on a monthly basis, once a month, and the bill is issued at the beginning of the next month.

Merchants Category

Platform charges

Ezbuy only charges discount fees for big customers, and there is no other charge.

Platform freight

Sellers are responsible for the logistics costs from the shipping point to the platform's warehouse in China. Subsequent logistics costs are borne by the platform, and the platform promises sellers 0 international logistics fees.

Prohibited Products

Ezbuy prohibits the sale of some types of goods: sellers are prohibited from selling products that are strictly prohibited by national laws; they are prohibited from selling products that are prohibited by local laws in the buyer's country; they are prohibited from selling products that are prohibited by the Ezbuy platform. Including but not limited to drugs, firearms and weapons, medical drugs, products that affect social security, chemicals, pornography and violence, tobacco and alcohol, currency, animals and plants, electronic products, items with political information, police supplies, etc.

How to deal with after-sales problems

Unlike Taobao, Ezbuy does not have a 7-day no-reason return service. Sellers themselves do not need to contact customers, and the platform will provide customer service for after-sales service.

Development History

-In 2010, the first pickup location was set up at Yew Tee, the residential address of the founder of Ezbuy. 65daigou was established, which is the first, largest and most complete online professional purchasing platform in Singapore.

- In 2011, Ezbuy successfully provided a one-stop shopping and delivery solution for Singaporeans to purchase safely from Taobao and successfully launched on Channel 8 News, Pickup Collection in Singapore for 8 locations.

- In 2012, Ezbuy’s pickup collection expanded to 36 locations in Singapore.

- In 2013, Ezbuy’s pickup collection increased to 64 locations in Singapore.

- In 2014, Ezbuy’s pickup collection increased to 128 locations in Singapore.

-In 2015, Ezbuy’s first experience store, Dhoby Ghuat Warehouse, was opened. Pick-up collections increased to 180 locations in Singapore, covering 80% of Singapore’s residential areas.

-In 2016, Ezbuy's services expanded to Indonesia, with the brand name Ezbuy.

-In 2017, the annual GMV exceeded US$500 million.

Financing

In March 2016, Ezbuy completed its Series B financing with a total amount of US$20 million. Investors included Shanghai private equity fund Vision Knight CAPItal and existing investors IDG Capital and China Growth Capital.

In May 2018, Ezbuy completed a US$17.6 million Pre-C round of financing. Investors included IDG Capital, Ventech, Yunjiu Capital, Jiayu Fund, and Huachuang Capital.