JQW PLC Chairman of JQW honoured with Yangzhou Award 2013
March 04 2014 - 2:02AM
RNS Non-Regulatory
TIDMJQW
JQW PLC
04 March 2014
Press Release 4 March 2014
JQW plc
("JQW" or the "Group")
Chairman of JQW honoured with 2013 Yangzhou People Award
JQW plc (AIM:JQW), a domestic Chinese B2B e-commerce business,
is pleased to announce today that the Group's Chairman, Mr Yongde
Cai, is a winner of the 2013 Yangzhou Top Ten People Award. This
award is an honour that is presented to individuals who have made
significant contributions to their field during the past year.
Mr Cai has received this award for his work in the e-commerce
sector, more specifically for his influence in the growth of
e-commerce within the Chinese market. Under Mr Cai's leadership,
JQW has become well recognised and is seen as a highly valued
enterprise by the local government. A highlight of the Group's year
was its successful listing on the AIM market of the London Stock
Exchange.
The award is organised by various groups including the Yangzhou
Municipal, Yangzhou Daily News, the Education Bureau of Yangzhou
and Yangzhou Media Group. The selection process for the award
consists of gaining recommendations by local authorities from all
districts of Yangzhou Municipal. The candidates are assessed and
evaluated by representatives from each organising group, leaving
the top ten to be voted by residents of Yangzhou Municipal.
Commenting on the award win, Mr Yongde Cai, said: "JQW is eager
to continue providing innovative premium services to its users, as
well as actively participating in social welfare activities. We
will continue to endeavor to make JQW one of the best e-commerce
enterprises at a global level, with particular emphasis, as we
grow, on enhancing the development of our structure - the Group's
management, corporate governance and internal controls to ensure
the Group's long term healthy development."
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- Ends -
For further information:
JQW plc
Yongde Cai, Chairman Tel: +44 (0) 20 7398
7709
Daocai "Peter" Chen, Chief Executive www.jqw-ir.com
Officer
Wei Boon Kooi, Chief Financial Officer
Argento Capital Markets Limited
Alan MacKenzie / Jim McGeever Tel: +44 (0) 20 7093
0353
alan.mackenzie@argentocapital.net www.argentocapital.net
Cairn Financial Advisers LLP (Nomad
& Broker)
Sandy Jamieson / Liam Murray / Jo Tel: +44 (0) 20 7148
Turner 7900
www.cairnfin.com
Media enquiries:
Abchurch Communications Limited
Henry Harrison-Topham / Quincy Allan Tel: +44 (0) 20 7398
7702
jqw@abchurch-group.com 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[1]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
810,000 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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