22nd Jan 2015 09:02
Press Release |
JQW plc
("JQW", the "Group" or the "Company")
Holding in Company
JQW plc, a domestic Chinese B2B e-commerce operator, has been informed that Hansen Drison Venture Capital Co., Ltd has sold 750,000 JQW shares at 18.5p per share with the consent of Cairn and Argento and now holds 7,259,600 shares in JQW representing 3.75% of JQW's issued share capital.
- Ends -
For further information:
JQW plc | |
Cai Yongde, Chairman | Tel: +44 (0) 20 7398 7714 |
Chen Daocai, Chief Executive Officer | www.jqw-ir.com |
Kooi Wei Boon, Chief Financial Officer |
Cairn Financial Advisers LLP (Nomad & Broker) | |
Sandy Jamieson / Liam Murray | Tel: +44 (0) 20 7148 7900 |
www.cairnfin.com |
Media enquiries:
Abchurch Communications Limited | |
Henry Harrison-Topham / Quincy Allan | Tel: +44 (0) 20 7398 7714 |
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 30 September 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
Related Shares:
JQW.L