China 3C Group, a retailer and distributor of consumer and business products in China, announced that it signed a binding letter of intent to become the exclusive supplier for 3C800.com, an online Chinese retailer of B2C electronics
China 3C CEO Zhenggang Wang said, "We are extremely happy to be the exclusive 3C product supplier for 3C800.com. This relationship has the potential to expand our customer base by leveraging our existing retail, logistics and distribution capabilities. The relationship also enhances our reputation in China as a leader in the 3C space."
The website is owned by Hangzhou Xituo, an online retailer of communications, consumer electronics and computing products in China.
Hangzhou Xituo Network Technology Ltd. is an e-commerce company specializing in user-friendly online sales of 3C products through its B2C website, 3C800.com. Hangzhou Xituo's goal is to become China's largest online shopping platform for electronics.