Ad Tech 2007 Beijing and DHgate com`s role in China B2B business
Released on: October 19, 2007, 1:38 am
Press Release Author: Ricky Chung/DHgate.com
Industry: International Trade
Press Release Summary: In any global setting, volumes in B2B transactions outstrip B2C trading. In fact it is the B2B businesses that are the true barometer of an economy's success as they represent the true economic capacity of a society or even a nation. DHgate is today at the forefront of this new age online B2B trading, by effectively leveraging the global "made in China' brand equity. DHgate has integrated advanced ecommerce tools and the latest web technologies from such online leaders like Google and PayPal. This enables DHgate to implement global best practices across business traders and sellers, both in US and in China (irrespective of their size and ability to purchase/subscribe to latest technological innovations).
In any global setting, volumes in B2B transactions outstrip B2C trading. In fact it is the B2B businesses that are the true barometer of an economy's success as they represent the true economic capacity of a society or even a nation. Besides while B2C transactions are all about selling and spending, B2B businesses create wealth by enabling further 'revenue-generating' selling. B2B businesses, whether service providers or goods wholesalers, help other businesses procure the right goods/services for further repackaging or reselling to their end customers. Thus B2B transactions create wealth and jobs in other businesses. While online B2C is about helping end customers save money from cheaper buys, online B2B is about helping him raise his standard of living as he now can be a successful trader by building a better revenue stream for his entire life. This is not only fuelling an export led job boom globally, but also generating more revenues for all the connected businesses in the B2B transactions. In fact B2B will drive B2C online sales too, as business owners thriving due to cost effective B2B shopping have more money to satisfy their personal needs too, possibly by spending on B2C portals. Thus online B2B trading is a 'revenue force-multiplier' and the true engine of growth linking economies and nations and not just people.
China at the forefront of Online B2B trading
China today is the preferred manufacturing destination in the world, thanks to its proven promise of high quality goods at unbelievable low costs and reliable 'cost maintenance' track record too. Online B2B trading platforms from China have proven to be a boon for the global business community. The volume of business transactions online B2B platforms will thus be far bigger as corporate do big ticket transactions more often than individual B2C consumers. Billions of dollars worth of business will be transacted on online B2B platforms as compared to millions on B2C platforms. Thus the revenue potential of this business is many leagues ahead of B2C models. Online B2B trading/sourcing platforms in China are today at the forefront of connecting many thousands of small, medium and even large Chinese manufacturers directly with many thousands of small and medium businesses across the world. These interconnected transactions are beginning to boom as businesses at both the ends of this symbiotic relationship prosper. While the Chinese manufacturers have access to a larger global universe of targeted buyers, the buyers have a simple, cost effective means of reaching out to even the niche product Chinese manufacturer of some very unique items. All this business is now boundary-less and limited by only the imagination of the interconnected business leaders.
Dhgate: A Global online B2B trading Pioneer
DHgate is today at the forefront of this new age online B2B trading, by effectively leveraging the global "made in China' brand equity. DHgate has integrated advanced ecommerce tools and the latest web technologies from such online leaders like Google and PayPal. This enables DHgate to implement global best practices across business traders and sellers, both in US and in China (irrespective of their size and ability to purchase/subscribe to latest technological innovations). This has greatly improved the global sourcing business thereby boosting international trade and business synergies. More than 40m SMEs are today leveraging the internet to import their requirement from over 100,000 sellers in China listing over 10million products on the secure DHgate.com marketplace. Post this bargain purchase through the secure escrow service of DHgate.com, they then export their products to every corner of the world e.g. a small town in Africa after sourcing better cheaper products from China directly. DHgate is thus fuelling online export led growth in China. The next growth in online B2B trading in China would be to facilitate businesses in China to effectively import better products/raw materials cheaper. This would in fact boost exports of US and other countries into China and greatly help improve the world's trade imbalance with China. B2B trading in general and DHgate in particular would greatly contribute to bringing nations together and boosting global, export led trade. As a first mover DHgate plans to give online B2B businesses an easy way to grow bigger - globally in today's 'Many Communities, One Unifying Truth - Collaborative Business Growth'.
About Dhgate DHgate is a globally popular, one stop B2B online sourcing platform since 2004. Begun by globally web pioneers, CEO Diane Wang (Founding CEO Joyo.com) and COO Celina Chan (MSN.com), it is re-writing history of global trade by enabling small businesses worldwide to compete with larger competitors effectively for the first time. Leveraging the cost efficiency of the online medium, small businesses from over 40 countries worldwide make big profits by importing directly from China and shipping goods at their customer chosen locations- all at amazing bargains. With over 100,000 dedicated sellers across China listing over 10 million products with unique combinations (bundled offerings), DHgate also attracts regular bulk buyers from US, Europe, Australia and Asia. Sophisticated, user friendly search technology helps international buyers accurately select the right products from over one million listings. DHgate.com is neither a trading company nor a seller, but a vendor neutral 'bulk sourcing gateway', where customer interests are critical. Our proven Trust Marketing and Escrow payment facilities remove risk and boost business confidence in this mutually beneficial business model.
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