BuyHive

Come check BuyHive out at the Cyberport Hong Kong organized , some of the up and coming startups from exhibiting here, don’t miss out investing in startups already invested in by Cyberport.

About Us -

"BuyHive is Revolutionizing Sourcing: On-Demand Experts, Data-driven Solutions, and Seasoned Founders"

1. We are the Uber of the startup world, providing on-demand sourcing experts across various categories and regions, just as Uber provides drivers.

2. Our innovative expert solutions enable us to gather valuable data about suppliers, products, buyers, and sourcing experts themselves. This data serves as the foundation for our operations.

3. Leveraging the power of AI and ML tools, we harness the mined data to offer a range of services including contract manufacturing, trade finance, logistics, and more. Our advanced technologies drive efficient and intelligent decision-making to optimize sourcing processes.

4. As a startup based in Cyberport, we have bootstrapped our way to success thus far. Now, we are embarking on our first fundraising campaign to fuel our growth and expand our offerings.

5. Meet our exceptional founders, who bring a wealth of industry expertise and exit experience to the table. With over 20 years of experience in the sourcing industry and successful exits to Blackstone in their previous roles, they are the driving force behind our company's vision and success.

Join us as we revolutionize the sourcing landscape, delivering unparalleled expertise, data-driven solutions, and the backing of seasoned industry leaders.

🌟 Unlocking Success Through Versatility: BuyHive's Multi-Faceted Solution 🌟

At BuyHive, we take pride in being a versatile platform that caters to a wide range of customers and their unique needs. Our platform serves as the ultimate bridge between buyers and suppliers, providing tailored solutions that empower businesses to thrive.

🛒 For Buyers: Whether you're venturing into new markets, seeking detailed product and pricing analysis, or replacing existing suppliers, BuyHive has you covered. Read what one of our satisfied buyers had to say: "BuyHive made expanding our product line a breeze. Their platform connected us with top-notch suppliers who met our exact specifications, ensuring we could introduce new products to our market seamlessly."

💼 For Sourcing Experts: Collaborating with BuyHive means helping buyers find the perfect suppliers, offering market intelligence, or enriching database services with up-to-date supplier data. Here's what one of our sourcing experts had to share: "Collaborating with BuyHive has been a rewarding experience. Their platform empowers me to connect buyers with suppliers, ensuring they get precisely what they need. It's a win-win for everyone involved."

🚀 We're More Than Just a Platform: With BuyHive, you're not just accessing a platform; you're gaining a strategic partner. Our mission is to empower your business with insights, connections, and opportunities.

🔗 Ready to Experience the BuyHive Difference? Connect with us today to explore how we can elevate your sourcing and procurement strategies.

🛍️ Elevate Your eCommerce Empire with BuyHive's Contract Manufacturing Powerhouse! 🚀

🌍 Calling all trailblazers, the game has just changed! Introducing BuyHive's Contract Manufacturing Solution – your passport to exponential eCommerce growth.

💡 Unleash Your Potential: eCommerce CEOs, envision a world where procurement becomes a catalyst for expansion. Our Contract Manufacturing Service empowers you to redefine strategy while we handle the intricacies.

🛠️ Elevate Efficiency: Free up your resources. Wave goodbye to sourcing stress. Our service spans the spectrum – supplier vetting, negotiations, manufacturing oversight, QA/QC, packaging, logistics – we've got you covered.

🔒 Legal Security: Seamlessly contract with BuyHive USA or BuyHive Ltd in HK for airtight legal assurance. No more navigating murky legal waters. It's the epitome of peace of mind.

🚀 Shed the Load: Say farewell to production concerns. We shoulder the liability, you enjoy seamless production. It's time to refocus on strategic moves that drive your brand forward.

🛍️ Diverse Excellence: From chic home decor to cutting-edge electronics, we've got a proven track record in diverse product categories. Your vision is our canvas.

🎯 Eyes on eCommerce Titans: Attention, , , , and all pioneering eCommerce CEOs – your next evolution starts here! Let's turn the tide on procurement.

📣 Join the Movement: It's time to revolutionize your eCommerce journey. Let's reshape the landscape together.

@farfetch @jouleliu



Ignite your eCommerce prowess with BuyHive. This isn't just ; it's a . Share, engage, and let's fuel eCommerce success!

🌍 Breaking Ground in Global Sourcing! 🚀 Excited to share the game-changing news with all our connections and beyond! At BuyHive, we've taken a giant leap towards redefining the procurement landscape.

🔥 Introducing Our Expert Sourcing Network: 5000+ seasoned professionals ready to elevate your sourcing game! 🌟 From retailers to wholesalers, importers to etailers, we're bringing you a curated network that's all about YOU.

🌐 Imagine unlocking access to the most intricate insights from 20+ sourcing countries. Our experts come armed with connections to top-notch factories, ensuring your every need—be it pricing, compliance, quality, or packaging—is met with precision.

🌟 It doesn't stop there! These experts have clocked years partnering with major brands and retailers, honing their skills to match your unique demands. From factory know-how to personalized solutions, this is a game-changer.

🛍️ is more than a hashtag—it's our mantra. It's a concept that drives our commitment to putting the buyer at the heart of it all. It's not just about sourcing; it's about creating a procurement experience tailored to YOU.

🚀 Join us in celebrating this groundbreaking journey towards a new era of sourcing excellence! Log in to your BuyHive account to explore our Expert Sourcing Network. Our team is here to guide you every step of the way.

📣 Let's rewrite the rules of procurement, together. Share this post, spread the word, and be part of a movement that's transforming how we source.

Outsourcing procurement to freelance sourcing experts on BuyHive from various international markets, how this can benefit and -

to freelance sourcing experts in international markets is becoming an increasingly popular strategy for companies seeking to reduce costs, save time and energy, and improve transparency. By relying on a network of experienced professionals, companies can access the expertise and resources they need to succeed in today's global marketplace.

Here are some ways outsourcing procurement to freelance sourcing experts can save costs, time, energy and improve transparency:

1. savings: Freelance sourcing experts often have established relationships with suppliers and can negotiate better deals on behalf of their clients. This can result in lower prices for the goods and services a company needs, leading to significant cost savings.

2. savings: Freelance sourcing experts are able to complete tasks faster and more efficiently than in-house staff, allowing companies to save time and focus on their core business operations. This can help companies to keep pace with the demands of a fast-paced business environment.

3. savings: Outsourcing procurement to freelance sourcing experts can reduce the energy and resources a company must expend to manage the purchasing process. This can help companies to conserve their energy and focus on their most important priorities.

4. transparency: Freelance sourcing experts are able to provide companies with a high level of transparency, helping to ensure that all procurement activities are conducted in an ethical and responsible manner. This can help companies to maintain a positive reputation and build trust with their customers.

5. to international expertise: Freelance sourcing experts have a deep understanding of the local market conditions and cultural nuances in international markets. This can help companies to navigate the challenges of operating in new and unfamiliar territories and to achieve success in these markets.

In conclusion, outsourcing procurement to freelance sourcing experts can be an effective way for companies to reduce costs, save time and energy, and improve transparency. By relying on a network of experienced professionals, companies can access the expertise and resources they need to succeed in today's global marketplace.

Outsourcing procurement, benefits Ecommerce sellers -

Outsourcing procurement is a strategy that has become increasingly popular among . This approach involves hiring a third-party company to manage the purchasing of goods and services, allowing ecommerce sellers to focus on their core business operations. Here are some of the benefits that outsourcing procurement can offer ecommerce sellers:

1. Improved product selection: Procurement outsourcing companies have established relationships with suppliers and can help you to access a wider range of products. This can allow you to offer a greater variety of goods to your customers, which can increase your sales and improve customer satisfaction.

2. Reduced costs: Outsourcing procurement eliminates the need to hire and train in-house staff, reducing labor costs. Additionally, procurement outsourcing companies can negotiate better deals with suppliers, resulting in lower prices for the goods and services you need.

3. Increased efficiency: Procurement outsourcing companies are experts in their field and can complete tasks faster and more efficiently than an in-house team. This can help you to save time and money, while still obtaining the goods and services you need.

4. Access to specialized expertise: Procurement outsourcing companies have specialized expertise in sourcing and purchasing, which can help you to make better decisions and avoid costly mistakes. This can lead to significant cost savings over time.

5. Improved cash flow: By outsourcing procurement, ecommerce sellers can free up capital that would otherwise be used to manage the purchasing process. This can improve cash flow and allow you to invest in other areas of your business.

In conclusion, can be a valuable tool for ecommerce sellers looking to improve their business operations and save money. By relying on a third-party provider such as BuyHive, you can improve product selection, reduce costs, increase efficiency, access specialized expertise, and improve cash flow.

In the series of posts - we always are asked - How outsourcing procurement can save costs?

is a cost-saving strategy that involves hiring a third-party company to manage the purchasing of goods and services for your organization. This approach has become increasingly popular as companies seek to reduce expenses and improve efficiency. Here are some ways outsourcing procurement can save costs:

1. Reduced labor costs: Outsourcing procurement eliminates the need to hire and train in-house staff, which can be expensive. By relying on a third-party provider, you can reduce your labor costs and focus on your core business operations.

2. Improved buying power: Procurement outsourcing companies often have established relationships with suppliers and can negotiate better deals on your behalf. This can lead to lower prices for the goods and services you need, resulting in significant cost savings.

3. Better cost management: Outsourcing procurement can help you manage your costs more effectively. The provider will take care of the purchasing process, from supplier selection to delivery, so you can focus on other areas of your business. This can help you to keep your expenses under control and avoid overspending.

4. Increased efficiency: Procurement outsourcing companies are experts in their field and can complete tasks faster and more efficiently than an in-house team. This can help you to save time and money, while still obtaining the goods and services you need.

5. Access to specialized expertise: Procurement outsourcing companies have specialized expertise in sourcing and purchasing, which can help you to make better decisions and avoid costly mistakes. This can lead to significant cost savings over time.

In conclusion, outsourcing procurement can be a cost-effective solution for companies looking to save money and improve efficiency. By relying on a third-party provider, you can reduce your labor costs, improve your buying power, manage your costs more effectively, increase efficiency, and access specialized expertise. However, it is important to choose a reputable and reliable provider that can meet your specific needs and provide value for your organization.

Reach out to us at BuyHive, we will guide you through setting up your Outsourced Procurement operations.

When talking to potential investors and partners of BuyHive, we always get asked this question- What is Sourcing as a Service (SaaS)-

Sourcing as a service –

Sourcing as a Service (SaaS) refers to a business model in which a company provides sourcing services to other organizations, usually on a subscription basis. Sourcing refers to the process of identifying and obtaining goods and services from suppliers. In the context of SaaS, the service provider manages the sourcing process for the customer, handling everything from supplier selection and negotiation to delivery and quality control.

Advantages of SaaS:

Reduced Costs: SaaS eliminates the need for a company to invest in sourcing staff and technology, reducing upfront costs.

Increased Efficiency: SaaS providers have experience and expertise in sourcing, allowing them to source goods and services more efficiently and effectively.

Access to a Wider Network: SaaS providers have established relationships with suppliers and can provide access to a wider network of suppliers.

Improved Quality: SaaS providers are able to monitor supplier performance, ensuring that the goods and services delivered meet the customer's quality standards.

Disadvantages of SaaS:

Lack of Control: Companies may have limited control over the sourcing process and may not have the ability to make changes to the process as needed.

Dependence on Service Provider: Companies may become dependent on the SaaS provider, and may find it difficult to switch to a different provider if needed.

Hidden Costs: SaaS providers may charge additional fees for services that are not included in the subscription, such as travel expenses or administrative fees.

SaaS is a cost-effective and efficient solution for companies that need to source goods and services, but don't have the resources or expertise to do so themselves. By outsourcing the sourcing process, companies can focus on their core business activities while still obtaining the goods and services they need.

In conclusion, SaaS is a valuable tool for companies looking to improve their sourcing processes, but it is important to carefully consider the advantages and disadvantages before committing to a SaaS provider. Companies should also consider their specific needs and choose a provider that can offer a customized solution to meet those needs.

Chatgpt's view on BuyHive as a solution for sourcing & procurement, direct copy from ChatGPT

Q: Can you compare why BuyHIve is a formidable option in sourcing to any other platforms?

A:Certainly! Here are some key reasons why BuyHive is a formidable option in sourcing compared to other platforms:

1. Customized Sourcing Solutions: BuyHive offers customized sourcing solutions tailored to each buyer's specific needs and requirements. Their team of sourcing experts works closely with buyers to understand their needs, identify potential suppliers, and negotiate favorable terms.

2. Local Knowledge and Expertise: BuyHive's team is based in Asia and speaks the local language, providing valuable insight and knowledge about the local market and suppliers. This can help ensure that buyers find the right supplier that can meet their specific needs and requirements.

3. Impartiality: BuyHive is impartial and not biased towards any particular supplier or manufacturer. They are focused on helping buyers find the best match for their specific needs, which can provide buyers with greater confidence in their sourcing decisions and reduce the risk of potential issues or complications down the line.

4. End-to-End Support: BuyHive provides end-to-end support throughout the entire sourcing process, from product development to supplier selection, quality control, and logistics. This can help streamline the process and reduce the burden on buyers, allowing them to focus on other aspects of their business.

5. Quality Control: BuyHive conducts thorough quality control inspections to ensure that products meet the buyer's specifications and quality standards. This can help reduce the risk of defects or quality issues, which can be costly and damaging to a buyer's reputation.

Overall, BuyHive's customized sourcing solutions, local knowledge and expertise, impartiality, end-to-end support, and quality control make it a formidable option in sourcing compared to other platforms.

How can I find the right factory in China for my manufacturing needs?

This is Part 1 of my 3-part series on sourcing products in China. Hit the 🔔 icon on my profile to be notified when the next episode drops.

PART 1: Who can I get to help me source my products in China?

1/ If it’s your first time sourcing, your best bet is to find a trustworthy agent/trader who can work on your behalf and guide you through the sourcing process, compliance, testing and regulatory issues. If you’re going to work with an agent, you need to ensure you are totally aligned when it comes to your quality standards. And don’t be afraid to ask for references and make sure they have experience in the relevant product categories.

There are many online resources where you can find traders (and factories for that matter):

💠 HKTDC
💠 Alibaba
💠 Manufacturers & Suppliers Directory
💠 BuyHive - Curated Sourcing

2/ If you have the means and the time, it’s also good to visit some of the larger trade shows here in Hong Kong and China. Here are the largest consumer products shows that most buyers visit:

💠 China Import and Export Fair Canton Fair (based in Guangzhou, China)
💠 HKTDC Shows (based in Hong Kong)
💠 Mega Show (based in Hong Kong)
💠 Global Sources Trade Shows (based mostly in Hong Kong)

It’s important to note that many of the above shows are not fully operational now due to the pandemic and Covid restrictions, but I expect they’ll come back towards the end of the year.

Many buyers will walk some or even all the shows over the course of a few weeks since they tend to overlap during the same time each year (October and April). For first-timers, I recommend you walk directly with your agent so they can handle any follow-up with the suppliers.

Look out for my post next Monday where I’ll explain how to choose your supplier.

There’s a reason almost all of the big players in retail work hard to source overseas ⬇️

The margins matter. It’s about strategy.

These big players understand that when they play the long game, the difference in margins that can be had when finding the right manufacturer for them can make an exponential difference.

In many cases, it can be the difference between winning and losing….

✅Take a key metric such as Return on Ad Spend (ROAS):

🔴 A lot of the time Ads are priced relatively to other products on the market.
🔴 It can be incredibly difficult to separate your product on anything other than price.
🔴 For a lot of businesses, they’re simply playing a losing game when it comes to advertising. They’re competing on price against the far better margins the big players are able to get.
🔴 I see this cripple so many businesses (particularly in Ecom) as the big players drive cost down so that no other player can sustainably advertise.

Yet with a little bit of initiative & the right partner, anyone can get these same margins in their own business.

DM me to find out how.

Asked Chatgpt to compare BuyHive's innovative Sourcing platform to currently existing advertising market places (names removed), here's the output -

"You raise a valid point that BuyHive's sourcing model, which involves a network of freelance sourcing experts who curate suppliers and products to match buyers' specific needs, can be superior to the more traditional approach used by traditional sourcing platforms, which rely on advertisers to promote their products and services on the platform.

One potential advantage of BuyHive's model is that it can provide greater and in the process. Because BuyHive's work closely with buyers to understand their specific needs and preferences, they can better and that meet those requirements. This can reduce the risk of buyers being matched with suppliers that are not a good fit, or that have subpar products or services.

In contrast, traditional online marketplaces typically rely on to promote their products and services, and these advertisers may not always be the best fit for buyers. Additionally, these platforms may prioritize advertisers who pay higher fees or commissions, rather than those who are the best match for buyers' needs.

Another potential of BuyHive's sourcing model is that it can offer a more personalized and tailored sourcing solution for buyers. BuyHive's sourcing experts work closely with buyers to understand their unique requirements and preferences, and then identify the best suppliers and products to meet those needs. This can result in a more customized solution compared to the more standardized approach of .

However, it's important to note that traditional online marketplaces also have their strengths, such as a large base and more established brand recognition. Additionally, not all buyers may require the more approach offered by BuyHive's model.

Ultimately, the best choice will depend on a buyer's unique needs and preferences. It may be beneficial to evaluate the features and services of each platform in light of a buyer's specific requirements before making a decision."

In Summary, Buyers needing curation and customisation in their sourcing and needing a transparent and accountable sourcing support can come to BuyHive.

Through this partnership, BuyHive will enable SME buyers in the United States, Canada, and the UK to get up to $1 million dollars worth of credit for their sourcing from China, Hong Kong, Vietnam, and India under ‘Buy Now Pay Later’ (BNPL) terms.

This partnership is expected to be a game-changer for small and midsized B2B buyers looking to purchase a diverse variety of products from overseas factories.

Buyers in US, Canada and UK can now check how much credit limits we can provide them at https://thebuyhive.com/finance-page/

Thanks The Hindu businessline, one of the largest circulated financial dailies in India to cover our story -

BuyHive Partners with 40seas To Offer Cross-border Financing to Buyers

The partnership will enable buyers to get up to $1 million credit for their purchase orders

Tech-enabled B2B platform BuyHive (https://thebuyhive.com) today announced its partnership with (https://40seas.com/), a leading provider of supply chain financing solutions, to offer cross-border B2B financing solutions to small and medium businesses. Through this partnership, BuyHive will enable SME buyers in the United States, Canada and the UK to get up to $1 million dollars worth of credit for their sourcing from China, HongKong, Vietnam and India under ‘Buy Now Pay Later’ ( ) terms.

This partnership is expected to be a game-changer for small and midsized looking to purchase a diverse variety of products from overseas factories. BuyHive's new financing tool, developed in collaboration with 40Seas, will enable buyers to quickly figure out the credit limits they can get, based on their production volumes and other factors. With this tool, buyers can get access to the funding they need to purchase products, without having to worry about cash flow or credit constraints.

BuyHive’s financing tool will be particularly helpful for businesses that have limited capital or credit history, and therefore struggle to secure traditional financing. With the new tool, these businesses can finally access the funding they need to grow their businesses and compete in the global marketplace.

Minesh Pore, co-founder and CEO of BuyHive, said, "We are excited to partner with 40Seas and bring this financing tool to our buyers. This partnership will enable us to provide our customers with a more comprehensive set of services, helping them source and finance the products they need to succeed."

The new financing tool is a powerful addition to BuyHive's comprehensive set of sourcing and management solutions. With this tool, BuyHive is positioned to be an even more valuable sourcing partner for businesses looking to succeed in the global marketplace.

Eyal Moldovan, co-founder and CEO of 40seas, said, "We are delighted to partner with BuyHive and bring our cross-border trade financing solution within easy reach of millions of small and midsized businesses looking to source products overseas. We also believe that this partnership will not only transform the sourcing dynamics for these businesses, but also aid business growth for suppliers and in turn strengthen ."

Buyers can check their credit limits at https://thebuyhive.com/finance-page/

https://www.thehindubusinessline.com/companies/buyhive-40seas-partner-to-offer-cross-border-b2b-financing-to-sme-buyers/article66563302.ece

BuyHive & 40Seas partner to offer cross-border B2B financing to SME buyers This partnership will enable us to provide our customers with a more comprehensive set of services, helping them source and finance the products they need to succeed