Record number of emerging market buyers participated in Private Buyer Meetings at the China Sourcing Fairs
November 30 2009 - 3:30AM
PR Newswire (US)
HONG KONG, Nov. 30 /PRNewswire-Asia-FirstCall/ -- Emerging market
buyers from Poland, Russia, Brazil, India, Turkey and Chile
participated in Private Buyer Meetings at Global Sources'
(NASDAQ:GSOL) Fall 2009 China Sourcing Fairs. Nine companies
participated in Hong Kong -- more than double the number at
previous Fairs. (Logo:
http://www.newscom.com/cgi-bin/prnh/20030303/LNM011LOGO-b ) Global
Sources' Chairman and CEO, Merle A. Hinrichs, said: "Emerging
markets are becoming increasingly important to our suppliers, with
economic growth rates far outpacing developed markets. So we are
working to attract more buyers from these markets, including
Brazil, India and Russia, to our complete range of sourcing
channels. "These efforts have obviously been effective, as
demonstrated by strong participation in Private Buyer Meetings at
the Fall China Sourcing Fairs." Top buyers from emerging markets
that participated in Global Sources' Private Buyer Meetings in Hong
Kong were: * Alpha Logica -- One of Europe's largest sourcing
companies * Booble Goom -- One of Russsia's largest baby and
children's retailers * Intelbras -- One of Latin-America's top PABX
systems and telephone manufacturers * Merlion -- Russia's largest
distributor of computer equipment and digital devices * Onida --
One of the top electronics and white goods brands in India * Orient
Craft -- India's largest garment manufacturer * Pacific Access --
One of the largest Turkish companies sourcing from Asia * Ripley --
One of the largest retailers in Chile * Rolsen -- One of Russia's
largest electronics distributors and OEM manufacturers One buyer,
Business Development Manager of Rolsen, Kirill Korshunov, said:
"Face-to-face meetings are important to ensure that the suppliers
we work with can meet our high standards for quality. Private Buyer
Meetings enable us to have more detailed discussions about each
supplier's capabilities and products than we can have on the trade
show floor. This is an excellent value added service that helps us
get the most from our visits to the Fairs." One supplier, Vice
President of Hong Kong THTF, David Xiao, said: "Private Buyer
Meetings are a great opportunity for us to meet face-to-face with
top buyers and learn about their requirements. We are glad to see
more buyers from emerging markets, including Russia and India,
participating. We are very thankful to Global Sources for
organizing these events, which have proven valuable for our
company." Demand from emerging market buyers was also evident in
India earlier this month where the first Private Buyer Meetings
were held at the China Sourcing Fairs in Mumbai. A total of sixteen
meetings were held with top Indian buyers at the Fairs. In
addition, Global Sources Online has seen major growth in requests
for information (RFIs) from developing market buyers, with Russian
buyer RFIs up 160% and RFIs from Brazil up 104%. Also buyer
attendance from emerging markets was up approximately 50% at the
Fall China Sourcing Fairs in Hong Kong as compared to the Spring
edition China Sourcing Fairs. Specialized Global Sources websites,
face-to-face events, trade magazines and research reports Private
Buyer Meetings are part of Global Sources' sourcing and product
information services. These include Global Sources Online (
http://www.globalsources.com/ ), China Sourcing Fairs (
http://www.chinasourcingfair.com/ ), Private Sourcing Events (
http://www.privatesourcingevents.com/ ) and Global Sources monthly
magazines ( http://www.globalsources.com/SITE/MAGAZINES.HTM ). For
more information about Global Sources' products and services that
connect quality buyers with verified suppliers, visit
http://www.corporate.globalsources.com/ . About Global Sources
Global Sources is a leading business-to-business media company and
a primary facilitator of trade with Greater China. The core
business uses English-language media to facilitate trade from
Greater China to the world. The other business segment utilizes
Chinese-language media to enable companies to sell to, and within
Greater China. The company provides sourcing information to volume
buyers and integrated marketing services to suppliers. It helps a
community of over 854,000 active buyers source more profitably from
complex overseas supply markets. With the goal of providing the
most effective ways possible to advertise, market and sell, Global
Sources enables suppliers to sell to hard-to-reach buyers in over
240 countries. The company offers the most extensive range of media
and export marketing services in the industries it serves. It
delivers information on 4.5 million products and more than 247,000
suppliers annually through 14 online marketplaces, 13 monthly
magazines, over 100 sourcing research reports and 12 specialized
trade shows which run 30 times a year across 10 cities. Suppliers
receive more than 96 million sales leads annually from buyers
through Global Sources Online ( http://www.globalsources.com/ )
alone. Global Sources has been facilitating global trade for 39
years. Global Sources' network covers more than 60 cities
worldwide. In mainland China, Global Sources has about 2,500 team
members in more than 40 locations, and a community of over 1
million registered online users and magazine readers for its
Chinese-language media. Global Sources Press Contact in Asia
Camellia So Tel: +852-2555-5021 Email: Global Sources Press Contact
in U.S. James W.W. Strachan Tel: +1-480-664-8309 Email: Global
Sources Investor Contact in Asia Investor Relations Department Tel:
+852-2555-4777 Email: Global Sources Investor Contact in U.S.
Kirsten Chapman & Timothy Dien Lippert/Heilshorn &
Associates, Inc. Tel: +1-415-433-3777 Email:
http://www.newscom.com/cgi-bin/prnh/20030303/LNM011LOGO-b
DATASOURCE: Global Sources CONTACT: Press contact in Asia: Camellia
So, +852-2555-5021, ; Press contact in U.S.: James W.W. Strachan of
Global Sources, +1-480-664-8309, ; Investor contact in Asia: IR
Department of Global Sources, +852-2555-4777, ; Investor Contact in
U.S.: Kirsten Chapman & Timothy Dien of Lippert-Heilshorn &
Associates, Inc., +1-415-433-3777, Web site:
http://www.globalsources.com/ http://www.chinasourcingfair.com/
http://www.globalsources.com/SITE/MAGAZINES.HTM
http://www.privatesourcingevents.com/
http://www.corporate.globalsources.com/
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