The first Transaction on Chinacommercer.com hits a Record of the Largest Amount of E-business Transaction
Sing Pao Daily News 10/17/2000
VTech Group announces the formal opening of its new B2B website (Chinacommercer.com). The amount of the first business transaction of the website reaches US$15 million in the 2nd Session of the International Computer, Communication & Consumer Electronics Exposition [Dongguan, China], hosted by Mr. Guo Rong-chang, Chairman of Guangdong People’s Political Consultative Conference, and Lu Zhong-he, Vice President of Guangdong province. Relevant statistics shows the amount is one of the largest B2B e-business ever done in China.
In September, 2000, Japanese TOSK Joint-stock Company posted a demand offer in Chinacommercer.com. They were looking for cotton and hemp cloth suppliers in China. Since then, Chinacommercer.com, worked as a matchmaker, received numerous relevant inquiries. According to what TOSK required, Chinacommercer.com chose three suppliers from them and further assured the quality of products through the SGS (Swiss General Surveillance, the largest verification, testing and certification organization in the world, Chinacommercer.com’s intimate partner). Finally TOSK confirmed the most satisfactory one in compliance with the authorized inspection certificate and product samples submitted by Chinacommercer.com. The initial order amounted to RMB700,000. Up to now, the total amount has added up to more than RMB4,000,000.
The American HOMETO group, a specialized trading company of handbag and skin products, showed a great interest in online leather products of Jiawei International Leather Products Co., Ltd. They sent an inquiry immediately. Through several times of negotiations, they finally reached an agreement and signed a purchase contract valued over RMB3,000,000. Afterwards Chinacommercer.com took full advantages of providing them with an overall support in electronic declaration, shipping and L/C. The export expense was actually reduced over US?6,000.
After having a profound knowledge of electronic products of Dongguan, the Dutch LIBERDE Corp. wanted to transfer business to Dongguan. They entrusted Chinacommercer.com to be their purchasing representative. Based on the comprehensive electronic database resource center, more than 3,000 manufacturers of electronic components, equipments and related electronic products included in, Chinacommercer.com multi-posted demand offers for LIBERDE and many appropriate offerings were received. Compared with each other, LIBERDE decided to sign contracts with four of them.
In the middle of March 2001, a factory manufacturing packing materials, wanted to promote their products to European market. Chinacommercer.com sought an appropriate offer for it through overseas network marketing. Moreover, Chinacommercer.com also assist it throughout the transaction, including negotiation, signing contract, electronic declaration, commodity inspection, L/C and others related. At the beginning of April, they concluded the satisfactory transaction amounted over RMB1,000,000 on the basis of mutual benefits. Presently, the next deal is under negotiation.