JQW PLC JQW wins 2014 Preferred Service Provider award

TIDMJQW

JQW PLC

26 January 2015

 
 Press Release   26 January 2015

JQW plc

("JQW" or the "Group")

JQW wins 2014 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 2014 Preferred Service Provider for China small and medium-sized enterprises (SMEs) under the information technology category. This is the second time that JQW has won this award, the first being in 2013.

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. It is intended to recognise those in the information technology industry that have facilitated SME growth in China. Only 106 service providers in China have won the award in 2014. Other award winners for 2014 include companies such as Microsoft, Sina, China Telecom, and Huawei.

Commenting on the award, Mr Yongde Cai, said: "The Board is honoured to have won this award for the second year in a row and is particularly proud to be among the high calibre recipients of this award. The award represents continued support and recognition from the industry on our contribution and commitment to developing SMEs in China. JQW will continue to focus on technological innovation in e-commerce and partner with China's SMEs to support their growth."

- Ends -

For further information:

 
 JQW plc 
 Yongde Cai, Chairman               Tel: +44 (0) 
                                    20 7398 7709 
 Daocai "Peter" Chen, Chief       www.jqw-ir.com 
  Executive Officer 
 Wei Boon Kooi, Chief Financial 
  Officer 
 
 
 Cairn Financial Advisers LLP 
  (Nomad & Broker) 
 Sandy Jamieson / Liam Murray       Tel: +44 (0) 
  / Jo Turner                       20 7148 7900 
                                www.cairnfin.com

Media enquiries:

 
 Abchurch Communications Limited 
 Henry Harrison-Topham / Quincy              Tel: +44 (0) 
  Allan                                      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 in China in terms of traffic 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 number of mobile internet-access users in China stood at 839 million at February 2014 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.

The Group recently has:

   10 million    Registered users 
   5 million      Page views per day 
   1,046,000   Sheng-Yi-Tong members with website "shops" 
   238,000      Fee-paying members as of 31 October 2014 
   700             Rated in the top 700 websites for global website traffic rankings 
   42               Sales agencies 
   2                 Second (behind Alibaba) in Chinese B2B website traffic rankings

This information is provided by RNS

The company news service from the London Stock Exchange

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