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JQW PLC (JQW)

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Monday 31 March, 2014

JQW PLC

Preferred Service Provider for China SMEs award

RNS Number : 5027D
JQW PLC
31 March 2014
 



 

 

Press Release

31 March 2014

 

 

JQW plc

 

("JQW" or the "Group")

 

JQW wins 2013 Preferred Service Provider for China SMEs award

 

JQW plc (AIM:JQW), a domestic Chinese B2B e-commerce business, is pleased to announce that the Group has won the award for 2013 Preferred Service Provider for China small and medium-sized enterprises.  This award is strong recognition of JQW's continued contribution to SME growth in China.

 

The award is organised by the China Centre for Promotion of SME Development, a state-owned entity under the Ministry of Industry and Information Technology of the People's Republic of China and the China International Cooperation Association of SMEs.  Integrity, service quality, and innovativeness are the three criteria for assessment. Only a select group of service providers in China were nominated with other award winners including companies such as Microsoft, SAP, IBM, Dell, Tencent, Acer, China Telecom and China Unicom. The award is intended to recognise those in the information technology industry that have contributed to the modernisation of SMEs in China. 

 

Commenting on the award, Mr Yongde Cai, said: "The Board is delighted with this award and is particularly proud of the achievement considering the quality of other nominated companies within the category. JQW will continue to focus on technological innovation in e-commerce in order to support the development of China's SMEs, and we are pleased to have received this recognition from the industry."

                                 

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For further information:

JQW plc


Yongde Cai, Chairman

Tel: +44 (0) 20 7398 7709

Daocai "Peter" Chen, Chief Executive Officer

www.jqw-ir.com

Wei Boon Kooi, Chief Financial Officer


 

Argento Capital Markets Limited


Alan MacKenzie / Jim McGeever

Tel: +44 (0) 20 7093 0353

[email protected]

www.argentocapital.net

 

Cairn Financial Advisers LLP (Nomad & Broker)


 Sandy Jamieson / Liam Murray / Jo Turner

Tel: +44 (0) 20 7148 7900


www.cairnfin.com

 

Media enquiries:

Abchurch Communications Limited


Henry Harrison-Topham / Quincy Allan

Tel: +44 (0) 20 7398 7702

[email protected]

www.abchurch-group.com

 

About JQW plc

 

JQW is a leading domestic business-to-business e-commerce provider based in the Chinese province of Jiangsu.  The Group's core business is its online B2B platform, www.jqw.com, which has been developed to encourage domestic trade by connecting Chinese SMEs with potential trade partners.  Founded in 2004, the platform was developed to help to market Chinese SME's websites.  JQW has evolved rapidly to become the second highest ranked B2B e-commerce website and operates, what the director's believe to be, the first dedicated B2B search engine, www.jqw.cn.

 

JQW offers a low-cost entry point for Chinese SMEs to promote themselves and their B2B products to potential buyers.  In order to increase transaction opportunities, JQW offers its clients a broad range of services including website design, commercial search services and advertising.

 

There are approximately 49 million SMEs in China manufacturing a diverse range of products, accounting for 60% of the country's GDP.  The internet usage population of China at June 2013 was 591 million and there is a considerable amount being invested into the country's telecommunications infrastructure.  These factors have driven an increased demand for domestic trade of B2B, B2C and C2C e-commerce.  With the majority of these SMEs requiring the use of third party B2B e-commerce platforms to promote their businesses and access trade partners, the Board believes that JQW offers a robust and highly reputable branded platform.  With exposure in over 50 industry sectors and considerable scope for future growth, JQW is in a strong position to capitalise on the development of this market.

 

55 million

Product details

10 million

Registered users

9 million

Companies' details

5 million

Page views per day

840,000

Sheng-Yi-Tong members with website "shops"

500,000

Purchase and sales enquiries per month

197,000

Fee-paying members

1,300

Internet media relationships

700

Rated in the top 700 websites for global website traffic rankings

30

Sales agencies

2

Second (behind Alibaba) in Chinese B2B website traffic rankings

 

 

[1]www.alexa.com and www.iwebchoice.com

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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