DHgate.com

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DHGate.com
Online marketplace
operator Century Fuxuan Science & Technology Development (Beijing) Co. Ltd.
On-line 2004
https://www.dhgate.com

DHgate.com (Simplified Chinese : 敦煌 敦煌; Pinyin: Dūnhuángwǎng) is a Chinese business-to-business (B2B) and business-to-consumer e-commerce website that sells manufactured products from suppliers to small and medium-sized businesses and to make it easier for end consumers .

DHgate.com, which is available as a virtual marketplace in ten language versions (Chinese, English, Russian, Spanish, German, Portuguese, Italian, Arabic, Turkish, and French), is China's largest international B2B e-commerce trading platform.

history

DHgate was founded in August 2004 by Diane Wang in Beijing. Operations started in 2005. The "DH" in DHgate refers to Dunhuang ( Mandarin敦煌), a Chinese city in what is now Gansu Province and a former strategic point on the Silk Road that connected China with the rest of the world in ancient times . The name alludes to the company's position as the modern online version of the Silk Road, which connects small and medium-sized enterprises (SMEs) between China and abroad. DHGate received capital investments in 2006 and 2007 because it was not profitable in the start-up phase. In 2008, it was listed at # 7 on the Deloitte Technology Fast 50 for the Asia-Pacific region. By the following year, it had over 1 million registered users worldwide.

In January 2013, DHgate started helping SMBs in Vietnam export goods internationally. Previously, the company had mainly worked to connect Chinese SMEs with foreign buyers.

DHgate was also the first international Chinese e-commerce company to offer internet financial services. An April 2014 report by the International Finance Corporation recommended that Asia Pacific Economic Community (APEC) economies follow the enterprise model. In February 2015, DHGate entered into a cooperation with Shopify .

In November 2015, DHgate helped facilitate a bilateral e-commerce deal between Turkey and China at a ceremony during the G20 Summit in Antalya , attended by leaders of both countries and Diane Wang . The agreement was signed as part of the major Chinese project One Belt, One Road . A Sino-Turkish e-commerce platform was set up by DHgate (in collaboration with Chongqing Logistics City ) in April 2016 . In 2017, the company began setting up stores called Digital Trade Centers (DTCs), which were designed to allow retailers and wholesalers to review products before buying. By the end of 2017, stores had been set up in the USA, Hungary, Australia, Spain, Russia, Turkey, the United Arab Emirates and Peru.

From 2019, DHgate supported Japanese SMEs in selling their products through the platform and continued its strategy in Turkey to enable suppliers to sell online there.

Individual evidence

  1. ↑ a b c Low Shi Ping: String of firsts . In: China Daily , August 14, 2017. Retrieved May 27, 2019. 
  2. ↑ a b Sonal Khetarpal: Spreading Tentacles . In: Business Today , May 6, 2018. Retrieved May 27, 2019. 
  3. ^ A b Alan Wolf: Shopify Adds DHGate Access . In: Twice , February 4, 2015. Retrieved May 27, 2019. 
  4. ↑ a b Wang Shutong, A Ladylike Success in China's IT Field . In: CRI , July 20, 2009. Retrieved May 26, 2019. 
  5. ↑ a b Zhao Liangfeng: Wang Shutong: Reaping E-Business Success . In: Women of China , June 20, 2012. Retrieved May 26, 2019. 
  6. ^ Edward Tse: China's Disruptors: How Alibaba, Xiaomi, Tencent, and Other Companies are Changing the Rules of Business . Portfolio, July 14, 2015, ISBN 978-1591847540 , p. 57.
  7. ↑ 【人物 專訪】 敦煌 網 擬 港 上市 「目前 沒有 時間表」 (Chinese) . In: Apple Daily , November 26, 2018. Retrieved May 26, 2019. 
  8. ↑ Chen Limin: DHgate enters Vietnam's B2B market . In: China Daily , January 30, 2013. Retrieved May 27, 2019. 
  9. ↑ Li Wenjie: DHgate CEO Diane Wang Shines in APEC . In: Women of China , November 17, 2014. Retrieved May 27, 2019. 
  10. ↑ Alan Wolf: Shopify adds DHgate Access. Retrieved November 25, 2019 (American English).
  11. ↑ Fan Feifei: Feminine touch to e-commerce . In: China Daily , February 27, 2017. Retrieved May 27, 2019. 
  12. ^ Tan Yingzi: Sino-Turkish e-commerce platform ready . In: China Daily , April 1, 2016. Retrieved May 27, 2019. 
  13. ↑ Celine Sun: DHgate.com chief makes sure China's SMEs really deliver to overseas customers . In: South China Morning Post , August 19, 2015. Retrieved May 27, 2019. 
  14. ↑ Takeshi Kihara: Chinese wholesaler DHgate.com links to Japan's small businesses . In: The Nikkei , March 15, 2019. Retrieved May 27, 2019. 
  15. ↑ 「一带 一路 合作 共赢」 敦煌 网 ： 为 中小企业 开辟 一条 网上 国际 贸易 通道 ( Chinese )
  16. ↑ Zheng Yiran: Delivering world to Chinese sellers . In: China Daily , December 25, 2017. Retrieved May 27, 2019.