BEENOS Inc. and Fashion-Co-Lab. Co., Ltd. Announces Joint Venture Contract
February 28, 2019 at 01:00 am EST
Share
BEENOS Inc. and Fashion-Co-Lab. Co., Ltd. announced in a joint statement that they have agreed upon a joint venture contract to establish a joint venture company specializing in Cross Border E-Commerce (Cross Border EC) in the fashion industry. The name of the joint venture company will be FASBEE Inc. FASBEE Inc. will use BEENOS's expertise in Cross Border EC and FCL's knowledge in constructing an EC fulfillment infrastructure specializing in fashion to create a fashion EC mall in April for foreigners to be able to easily purchase Japanese fashion items. They will also use their respective networks and creativity to maximize user experience by decreasing shipping time, simplifying payment methods, improving UI and providing a high usability service for both apparel tenants and end users. These will all be facilitated by focusing on a specialized industry such as fashion.
BEENOS Inc, formerly netprice.com, Ltd., mainly operates mail-order sales business. It has two segments. The E-commerce segment operates business through three business divisions. The Gathering division is engaged in the mail-order sales through personal computers (PCs), cell phones and smart phones. The Value Cycle division is involved in the purchase, maintenance and sale of secondhand brand-name products, watches, accessories and others. The Cross Boarder division is engaged provision of services making overseas products available for purchase for Japanese clients. The Incubation segment is involved in the provision of Japan products overseas forwarding services, the production of talent licensed products, and the marketing and promotion business focusing on smart phones.
BEENOS INC. 
