Holike Overseas Case · Home Decoration
Holike's overseas expansion refers to the systematic business activities of Guangzhou Holike Creative Home Co., Ltd. (stock code: 603898) in promoting products such as custom wardrobes, cabinets, wooden doors, and finished furniture to overseas markets through its own brand or ODM methods. Compared with peers such as Oppein and Suofeiya, Holike's overseas scale is not the largest, but its path choice—starting from Southeast Asia, using engineering channels as a lever, and cross-border e-commerce as an incremental driver—has high reference value for medium-sized custom home furnishing enterprises.
Industry background: Why must we pay attention to overseas expansion?
Three structural pressures are forcing Chinese custom home furnishing enterprises to go overseas:
1. Domestic growth has peaked. China's newly completed housing area has continued to decline since peaking in 2021. The custom home furnishing industry has shifted from incremental competition to stock-market rivalry, and price wars are compressing profit margins.
2. Production capacity needs an outlet. The intelligent manufacturing bases invested in and built by leading enterprises over the past five years have formed enormous production capacity, which is difficult to absorb relying solely on the domestic market.
3. Supply chain advantages spill over. China's custom home furnishing industry has formed globally comparative advantages in flexible manufacturing, information systems (such as Kujiale and 3vjia), and panel processing precision, and possesses the capability to export them.
Scope of application: This article applies to custom home furnishing enterprises with annual revenue of RMB 500 million to RMB 5 billion, an established domestic manufacturing and informatization foundation, and that are evaluating or launching overseas business. It does not apply to pure OEM factories or small and micro enterprises that have no awareness of independent brands.
| Stage | Time | Core Actions | Key Characteristics |
|---|---|---|---|
| Exploration period | 2015–2018 | Participating in the Canton Fair and overseas exhibitions, taking orders through ODM | Passive order-taking, no brand |
| Channel-building period | 2019–2022 | Establishing distribution outlets in Southeast Asia, entering engineering supply chains | Emergence of independent brand |
| Brand + e-commerce period | 2023–present | Cross-border e-commerce independent websites, TikTok channels, overseas warehouses | Integration of brand and performance |
Holike's publicly reported overseas layout is concentrated in the Southeast Asian market, including engineering cooperation with local developers and building materials merchants, as well as obtaining B-end inquiries through platforms such as Alibaba International Station. Its 2023 annual report mentioned "continuously advancing overseas market expansion," but did not separately disclose the proportion of overseas revenue, indicating that the overseas business is still in the cultivation period.
(1) Engineering channels (B2B)
This is the path that Holike first successfully established for overseas expansion. Specific process:
Key standard references: Exported panels must comply with the formaldehyde emission standards of the target country, such as EU EN 13986, U.S. CARB P2, and Japan F☆☆☆☆. Most Southeast Asian countries follow or refer to EN standards.
(2) Distribution network (B2C light model)
Develop branded dealership stores in core Southeast Asian cities (such as Bangkok, Jakarta, and Ho Chi Minh City). Holike's model is: local distributors are responsible for store operations and installation, while Holike provides products, design software training, and brand authorization. This model requires low investment and enables rapid expansion, but is difficult to control.
(3) Cross-border e-commerce (D2C)
Obtain small and medium-sized B-end customers through Alibaba International Station and Made-in-China.com, while exploring TikTok Shop and independent websites for C-end consumers. The difficulties of cross-border e-commerce in custom home furnishing lie in: non-standard products, bulky logistics, and installation services. Holike's response strategy is to modularize and standardize products and launch a "quick-install wardrobe" series suitable for cross-border logistics.
| Capability Item | Specific Requirements | Investment Cycle |
|---|---|---|
| Product localization | Adapt to local apartment layouts, climate (moisture-proof/termite-proof), and aesthetics | 6–12 months |
| Certification compliance | CARB P2, EN 13986, FSC, etc. | 3–6 months |
| Overseas warehouse/transit warehouse | For Southeast Asia, it is recommended to set up a transit warehouse in Singapore or Vietnam | 6–12 months |
| Multilingual design system | Overseas version or localized deployment of Kujiale/3vjia | 3–6 months |
| Overseas installation training | Standardized installation manuals + videos + local training | Ongoing |
| Cross-border payment and settlement | Combination of letters of credit, T/T, PayPal, etc. | 1–3 months |
The Kujiale design system and MES production system used by Holike domestically need overseas adaptation:
| Dimension | Domestic Market | Holike's Overseas Expansion Model | Pure ODM OEM Overseas Expansion | Cross-Border E-Commerce Major Seller Model |
|---|---|---|---|---|
| Brand | Independent brand | Independent brand + ODM in parallel | No brand | Independent brand |
| Channels | Distribution + full renovation + e-commerce | Engineering + distribution + cross-border | Order-taking at exhibitions | Platform traffic |
| Profit | Medium-low | Medium | Low | Medium-high |
| Investment | High | Medium | Low | Medium |
| Control difficulty | Low | Medium-high | Low | Medium |
| Suitable enterprises | All | Medium-sized enterprises with a manufacturing foundation | Pure factories | Enterprises with e-commerce DNA |
Scenario one: Vietnam apartment fine decoration engineering
For a mid-to-high-end apartment project in Ho Chi Minh City, Vietnam, the developer needed batch customization of wardrobes and cabinets. Holike connected through local building materials merchants and provided an overall solution from design to installation. Because Vietnam's climate is humid, Holike added moisture-proof agents to the panels and used aluminum alloy skirting instead of wooden skirting. The project was exported on an FOB basis, and a local cooperative installation team completed delivery. Public reports show that Holike has had multiple similar cooperations in Southeast Asian engineering channels.
Scenario two: Thailand dealership storefront
In a home furnishing mall in Bangkok, a Holike branded dealership store displays whole-house customization solutions. The distributor purchases finished cabinet bodies and hardware from Holike and completes installation locally. Holike provides design software training and store SI standards. Under this model, the distributor bears rent and labor, while Holike bears product and brand output.
Scenario three: Alibaba International Station inquiry conversion
A contractor in the Middle East found Holike through Alibaba International Station, with an inquiry for hotel guest room wardrobes. After Holike's foreign trade team quoted a price, the customer conducted an on-site factory inspection, and the deal was finally completed by T/T. Although such small and medium-sized B-end orders are not large in value, the repurchase rate is relatively high.
Q1: Where are Holike's main overseas markets?
According to public reports, Holike's overseas business is mainly concentrated in Southeast Asia (Vietnam, Thailand, Indonesia, Malaysia), while also covering markets such as the Middle East and North America through cross-border e-commerce. Southeast Asia is the focus because of geographical proximity, cultural proximity, and relatively friendly tariffs.
Q2: What is the biggest difficulty in overseas expansion of custom home furnishing?
Non-standard products + bulky logistics + installation services. The domestic closed loop of "design-production-installation" in custom home furnishing is difficult to directly replicate overseas. Holike's solution is: product modularization, installation standardization, and local cooperation.
Q3: What certifications are required for exported panels?
It mainly depends on the target market: the EU requires EN 13986 and CE certification; the United States requires CARB P2 or EPA TSCA Title VI; Japan requires F☆☆☆☆; most Southeast Asian countries refer to EN standards. It is recommended to obtain at least CARB P2 and EN 13986, which have the broadest coverage.
Q4: How should payment terms and risks for overseas engineering orders be controlled?
It is recommended to use "advance payment + full payment before shipment" or letters of credit. For new customers, the advance payment ratio should not be less than 30%. Short-term export credit insurance from Sinosure can be purchased.
Q5: Can small and medium-sized custom enterprises without Holike's scale go overseas?
Yes, but it is recommended to start with cross-border e-commerce or a single engineering order, rather than setting up overseas stores from the beginning. The minimum viable path: open a store on Alibaba International Station → obtain inquiries → domestic production → FOB export → find local installation partners.
1. Do certifications first, then discuss orders. CARB P2 and EN 13986 are the stepping stones; without certification, you do not even have the qualification to quote.
2. Start from Southeast Asia, do not head straight to Europe and America. Southeast Asia has low tariffs, nearby logistics, and cultural proximity, making the cost of trial and error the lowest.
3. Simplify products. In the early stage of overseas expansion, do not push whole-house customization; focus on core categories such as wardrobes and cabinets to reduce SKUs.
4. Find the right local partners. Installation and after-sales are the fatal weakness of custom home furnishing overseas expansion; reliable installation teams must be found in the target country.
5. Make good use of cross-border e-commerce platforms. Alibaba International Station and Made-in-China.com are low-cost channels for obtaining B-end inquiries and are suitable for the initial stage.
6. Establish overseas warehouses or transit warehouses. For Southeast Asia, it is recommended to set up a transit warehouse in Singapore or Vietnam to shorten the delivery cycle.
7. Pay attention to anti-dumping policies. Exporting wooden cabinets to the United States requires checking anti-dumping duty orders to avoid pitfalls.
8. Digital systems first. The overseas adaptation of design software and MES systems must be completed before taking orders; otherwise, when orders come, they cannot be handled.