GlobalMarket Listed on LSE
GlobalMarket Group Limited was listed on London Stock Exchange on June 22nd (Stock Code: GMC). GlobalMarket is already widely known as a leading business-to-business (B2B) e-commerce service provider linking international buyers with high-quality Chinese manufacturers that have been independently audited by quality standards. GlobalMarket is pleased to announce its admission to trading on AIM (Alternative Investment Market). The company now plays a fundamental role in China’s fastest-growing Internet market.
The company’s public stock offering raised £9.7 million in London, giving it a market capitalization of approximately £127.1 million on admission. Shares of the company were in heavy demand, largely because that the company has brought a unique model to the market that appeared to be a kind of proxy for this country’s most qualified manufacturers with required standards(GMC).
GMC, short for Global Manufacturer Certificate, is now recognized by manufacturers to differentiate themselves from other competitors. Moreover,www.globalmarket.com, the online marketplace of GlobalMarket Group, has become an efficient and trusted platform for international buyers and Chinese manufacturers.
David Ling, Chairman and Chief Executive Officer of GlobalMarket Group, said that we were delighted to achieve the AIM admission for GMG, not only for illustration of our power, but also for having closer relationship with western buyers in the large and growing base, who connected independently-certificated Chinese manufacturers by Global Market portal.
Threatened by extremely instability of overseas market and fierce competition, some experts think that the development of e-commerce enterprises in China has been stalled. However, with the sustainable growth of Chinese exports and the growing recognition of e-commerce benefiting international trading, B2B electronic business is still heading a bright future in China.
GlobalMarket Group differentiates itself from other B2B platforms by only focusing on around 100,000 high-quality Chinese manufacturers, which accounting for over 90% of China export share. With strong focus on quality, GlobalMarket Group gets the symbol of excellence. Manufacturers are desired to join the platform to gain brand recognition, and oversea buyers are easier to identify reliable and trustworthy manufacturers in the platform. As a result of pursuit and insist in high quality, the Company has grown significantly at a rate of over 50% in the past six years.Like other big internet companies in China, GlobalMarket is being richly valued by investors based on the size of its prospective earnings. According to David Ling, GlobalMarket is placed to enhance product services, develop continued technological development and improve customer experience. Furthermore, it is also very important to promote GMC brand domestically and internationally, establish giant GMC alliance connected with high quality buyers, qualified manufacturers, global chambers and associations.