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Friday, February 5, 2010

Is ECVV.com a next online IPO B2B Marketplace from China?

Friday, February 5, 2010
3 years back when no one had idea, Alibaba.com, a b2b marketplace rocked the internet industry of China with its launch of IPO in Hong Kong Stock Exchange. With a successful first runner experience, Alibaba launched several projects including B2C & C2C websites to prove its dominance over the internet market.
According to one Bain & Company Report:

Alibaba.com, credited with almost single-handedly creating China’s e-commerce market, is viewed as an innovation legend, achieving more than 70 percent compound annual revenue growth between 2005 and 2007 and scoring the second-largest e-commerce initial public offering in history after the legendary Google.
Many investors took a sharp turn towards investing their money in different IT companies and tens of internet based businesses developed in China in last 3 years.

Made-In-China.com, another online B2B website launched IPO last year in 2009 on Shenzhen Stock Exchange. Both of the online marketing companies struggled hard in their first business decade.

ECVV.com, launched in 2003, is considered as another big name China based online b2b marketplaces. With a slight difference in business model, ECVV is also trying to help small & medium sized enterprises in China to get exposure to global buyers. With movement of their office from Bank of China building near CBD to bigger office in one of the IT Parks Shenzhen, there are rumors in market that ECVV might be the next star. Following the roadmaps of Alibaba & Made-in-China, ECVV has already adapted several strategies and now attracting the top talents from the IT market.
According to news, many investors including Shenzhen Govt. have shown interest in ECVV.com. And have already started providing support for the company. In an interview with the CEO of ECVV.com, Mr. Chen Dong, said that with his innovative strategy, he is hopeful to compete in international markets soon.

As the internet technology is shifting from big screen desktops to small screen hand held devices, there is a technology shift expected in next 2 years. The success of less innovative companies will remain a question.

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