The world's leading B2B portal, Global Sources (Nasdaq: GSOL),
will launch a new Chinese-language site called China Global Sources
Online (http://www.globalsources.com.cn)
in October. The new website is designed to drive new business for
companies engaged in China domestic trade and for overseas firms
intent on selling into China.
Global Sources' Chairman and CEO, Merle A. Hinrichs, said:
"Launching China Global Sources Online is the next step in our
expansion into China's domestic B2B market.? Our strategy is
to launch new online, print and trade show channels to serve our
existing or related industry segments.
"This launch will complement our upcoming Shanghai China
Sourcing Fairs in December.? Likewise, it will further extend
our support of China's high-tech electronics sector, which we
currently serve with a suite of industry-leading Chinese-language
magazines, websites and events.
"Our aim is to leverage our brands, content, advertisers, sales,
infrastructure, expertise and community to ramp this up quickly --
and to maintain the quality standards for which Global Sources is
recognized," Hinrichs said.
Content on China Global Sources Online will be initially offered
free of charge to existing export suppliers who are also engaged in
domestic trade.? Products on the site will be different from
those on export-focused Global Sources Online, as products in
demand in the China domestic market often differ from those offered
to overseas markets.
Hinrichs stressed the importance of supplier qualification. "The
Internet today is crowded with questionable information from
questionable suppliers.
"Buyers trust Global Sources because our suppliers have been
carefully verified through personal visits from our team of
professionals.? China Global Sources Online will extend this
level of professionalism to China's domestic market."
Growing China Prosperity, Growing Consumer Demand Support
Offering
Hinrichs said: "As China's consumers become more prosperous, and
competition for their business intensifies, China-focused
retailers, wholesalers, distributors and manufacturers are being
driven to offer more variety and higher quality products.
"The suppliers in our community are experienced exporters --
well versed in meeting the quality, price and service requirements
of demanding overseas markets.?We expect many of our suppliers
to use China Global Sources Online to help them effectively
leverage their international expertise into a domestic competitive
advantage."
(China.org.cn August 8, 2007)
