Odakyu partnership is fully live, awaiting for the air travel to recover.
Taeltech (Wabi parent company) has recently launched a dedicated zone on Taeltech Marketplace, featuring exclusive products from Odakyu Department Store, Tokyo Japan. The launch constitutes a culmination of the testing period that was running from May 2020 and was limited in scope in terms of categories, products and brands. The launch brings to market a far greater variety of product categories including cosmetics, baby care, lifestyle, as well as accessories, bags, and apparel.
Please Note: This is a Press Release
The deal aims to offer Japanese manufacturers a trusted, secure, easy to use, and low-cost channel to bring their products to the China market.
On the Japan side, the Odakyu Department Store is leveraging its reputation with brands and consumers, many of whom are tourists from China, and product selection expertise to assemble a portfolio of brands that are poised to get traction with Chinese consumers.
On the China side, Taeltech provides a proprietary blockchain-powered anti-counterfeiting technology, consumer-facing e-commerce platform based on Wechat mini-app, marketing tools and data suite, as well as a blockchain-powered loyalty program for consumers.
Through the dedicated zone on Taeltech Marketplace, the Odakyu Department Store aims to capture the hundreds of millions of Chinese tourists who pass through its Shinjuku Location every year, providing them with an opportunity to keep buying from Odakyu once they return to China as well as a significant number of Chinese consumers interested in quality and the je ne sais quoi of Japanese products.
Japanese brands participating in the program will have an opportunity to fully leverage marketing tools and unique behavioral data generated through the Taeltech ecosystem.
This opportunity is especially relevant for the new entrants or the existing players who are dissatisfied with sky rocketing marketing costs in crowded channels and who are forced to look for innovative marketing and highly precise targeting to reach out to receptive consumers.
About Taeltech and Wabi
Taeltech is an authentic consumer insight & engagement ecosystem, built around the Wabi loyalty points, that connects brands with millions of consumers, enabling data-driven marketing. Our suite of products enables brands to build genuine relationships with consumers, boosting brand loyalty, increasing repeat purchasability, and creating the conditions to expand into new product areas. Our ecosystem spans China, Japan, Australia, Singapore, and Europe, and consists of consumers, products and millions of interactions between them. Learn more at www.taeltech.com