INSIGHT
adequate turnover and make their mark on the industry, QNET launched its eStore, which was fully integrated into the QNET website, and showed no signs of slowing down. With the opening of its eStore QNET sought to fully embrace e-commerce and strengthen and foster relationships with its
product diversification QNET entered into partnership with one
customers and distributors. Such forward thinking is what has
of the world’s leading providers of products and services in the
made the company what it has become today.
travel and leisure industries and launched its QVI brand of holiday packages, thus further expanding QNET’s product portfolio.
During the initial five years QNET also expanded its product offerings and portfolio. From gaining the official rights to distribute
Five years on the market and QNET’s development and growth
commemorative coins for the Sydney 2000 Olympic Games within
was astounding, considering QNET managed to achieve all this
the first few months of opening, QNET went on to create a strategic
amid the Asian financial crisis which produced a weakened,
alliance with one of the oldest, privately owned mints in Europe,
depressed economic climate across a large proportion of Asia. The
B.H. Mayer’s Mint in Germany, thus ensuring its products were of
city of Hong Kong and the Philippines were hit particularly hard
the very highest quality. With the arrival of the 2002 FIFA World
by the crisis, with growth falling to virtually zero percent in the
Cup, held in South Korea and Japan, QNET proved itself once again
Philippines and political and economic uncertainty causing key
securing a landmark deal for the official marketing rights to the
investors to withdraw from Hong Kong, shrinking the economy in
2012 FIFA World Cup Korea Japan coin program. This deal was
the region even further. During this period of economic uncertainty
to set a precedent for the future, which would see QNET become
QNET managed to not only expand its range of products, but also
the official distributor of collectible coins for major international
grow and duplicate its business in various areas across the globe
events including the Olympic Games. Realizing the importance of
and grow distributorship - this was no mean feat!
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