Commerce One is to provide eMarketplace solutions to ChinaEB, the Internet arm of State Research Information Technology (SRIT), enabling Chinese companies to conduct business in the global eMarketplaces.
• Total 1998 eTransactions in China were worth $170 million; for 2004 they are estimated at $82 billion.
• Total 1998 eTransactions in Asia Pacific were worth $2.5 billion; for 2004 they are estimated at $903 billion (Source: Gartner).
ChinaEB plans to link industry sector marketplaces- horizontal and vertical - in China to the company’s portal. The company also plans to provide eCommerce related services to Chinese businesses – ranging from strategy consultation through to integration, implementation and operational maintenance.
Li Ming, chairman of ChinaEB, said: “ChinaEB possesses strong technical development resources as well as integration and implementation capabilities. By combining our own strengths and local expertise with those of a global eCommerce software leader such as Commerce One, we will offer companies that wish to deploy eCommerce strategies a world-class portfolio of value-added services and solutions. These will empower Chinese companies to conduct business in the global e-markets effectively. We fully expect ChinaEB to become a vital eCommerce gateway for Chinese businesses wanting to connect to the rest of the world.”
With the alliance, ChinaEB will be able to offer world class B2B technology and transaction platforms that will offer local language software solutions (including English), local content, local implementation and support and a host of other related services. In addition, the ChinaEB partnership with Microsoft and HP will give its customers access to leading software and hardware technologies.
ChinaEB’s eMarketplace aims to target industries such as construction, automotive, energy and mining, to help stimulate links within the country and increase trade – via the worldwide web – between companies in China and the rest of the world.
“Our strategic alliance with one of China’s leading eCommerce companies represents a major milestone in moving more Chinese companies onto the web,” said Lloyd Oki, vice-president and general manager, Commerce One, Asia Pacific. “With the backing of SRIT, this agreement signifies the importance that Chinese government and business leaders place on leading China into the competitive global eCommerce environment, especially at a time when the country is on the verge of setting a new precedent in global trade with their inclusion into the ranks of the WTO.”
As a Commerce One alliance partner, ChinaEB will offer Chinese companies unprecedented access to a vast network of suppliers and buyers around the world via the Commerce One Global Trading Web, the world’s largest B2B trading community, which currently includes 141 leading eMarketplaces worldwide.
“China’s domestic business-to-business trade is the backbone of the country’s economy, but little of this is Internet related today,” said Li Ming. “With WTO entry and amid the continuing reform of state-owned enterprises and the modernization of business in China, the market is primed for the entry of B2B eCommerce technologies.
“By providing comprehensive local language solutions, content and services, ChinaEB will not only empower vertical and horizontal marketplaces to conduct trading in a more cost-effective manner, but they will have the real potential of enabling eCommerce to companies which otherwise would not have had the opportunity to extend their business reach via the Internet.” he continued.
In addition to English language versions of the company’s leading eMarketplace solutions in Asia, Commerce One offers several of its solutions in Asian languages such as simplified and traditional Chinese, Japanese and Korean.
Commerce One is the eMarketplace company. Through its software, services and Global Trading Web of interconnected business communities, the company enables worldwide commerce on the Internet. Commerce One has headquarters in Pleasanton, California, USA, and offices around the world.
SRIT Co. Ltd is an Internet and eCommerce company founded by the Development Research Center of the State Council (DRC), Beijing Telecom Co. (part of the China Telecom Group), Shan Dong Lu Neng Development Group, and Beijing Dragon Base Industry and Trade Ltd. (BDB). SRIT’s mission is to promote the development of the Internet and e-business in China.
ChinaEB develops, integrates and implements eCommerce services and solutions for Chinese businesses. The company provides eCommerce related services – from initial industry-specific consultation services, external and internal platform development, to technology integration and implementation, and operational maintenance and management – to a broad range of industries in China.