Buyandship

Buyandship, founded in Hong Kong in 2014 by Sheldon Li, Wilson Chan, Poon Wing Hang, and Wong Tsz Ming, is a cross-border e-commerce company providing global shipping solutions. The company addresses challenges in international online shopping, such as high shipping costs and stores not offering international delivery.

The business operates on a parcel forwarding model. Customers use Buyandship's dedicated warehouse addresses in countries like the US, UK, Japan, Korea, and Australia when shopping from international online retailers. The company then consolidates these packages at its central hub in Hong Kong and forwards them to the customer's final destination. This consolidation process allows for lower shipping costs, which are calculated based on the parcel's actual weight rather than volumetric size. In addition to logistics, the company offers services such as proxy shopping, where they purchase items on behalf of customers, and shopper insurance.

Buyandship has expanded its presence to 12 markets, including Taiwan, Malaysia, Singapore, and Vietnam, serving over 2 million registered users and handling more than 12 million transactions to date. The company has secured significant funding to fuel its expansion and technological development, including a Series B round totaling $18.2 million. Recent funding will support the enhancement of its AI-enabled price comparison tools and the launch of a new AI-powered platform, buyandship.one, designed to help consumers find the best prices across different markets.

Keywords: cross-border e-commerce, parcel forwarding, international shipping, logistics, proxy shopping, freight forwarding, package consolidation, e-commerce shipping, global online shopping, supply chain logistics, Asia-Pacific logistics, Hong Kong startup, import services, export services, warehouse network, B2C logistics, last-mile delivery, shopping agent, international delivery, shipping solutions