BEIJING - China can look foward to the formation of what is billed as its first end-to-end e-marketplace targeting the development of B2B e-commerce, with a new agreement between Commerce One Inc. and ChinaEB, the Internet arm of the State Research Information Technology (SRIT) Co. Ltd.
Using e-marketplace solutions provided by Commerce One, ChinaEB will link industry sector marketplaces in China to the company's portal. B2B technology and transaction platforms offering local language software solutions, content, implementation and support will be provided.
"With the backing of SRIT, this agreement with ChinaEB signifies the importance that Chinese government and business leaders place on leading China into the competitive global e-commerce 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," said Lloyd Oki, vice-president and general manager, Commerce One, Asia Pacific.
ChinaEB will provide e-commerce related services - ranging from strategy consultation to operational maintenance - to help Chinese businesses transition into e-commerce.
Companies in China can also tap into a global network of suppliers and buyers via the Commerce One Global Trading Web, a B2B trading community. Currently, 141 e-marketplaces have the power to access this community, which is made up of 36 global trading partners.
Li Ming, chairman of ChinaEB, commented that very little of China's domestic business-to-business trade is Internet-related. Li said that with the continuing reform of state-owned enterprises, coupled with China's entry into WTO, the market is primed for the entry of B2B e-commerce 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 e-commerce to companies which otherwise would not have had the opportunity to extend their business reach via the Internet," Li said.
Financial terms of the partnership were not disclosed.