JQW PLC Preferred Service Provider for China SMEs award

TIDMJQW

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."

- 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 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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