E-commerce market. Interest in Asia.

DHgate.com Ranked 5^th Fastest-Growing Technology Company in China by Deloitte

DHgate.com, the leading online marketplace that has revolutionized cross-border wholesale trade, has been recognized as the 5^th fastest-growing technology company in China by influential global auditing firm, Deloitte. DHgate.com, who ranked an already impressive 7th place last year, entered the prestigious top five with a three year average percentage growth of 1,771.02%.
The Deloitte Technology Fast 50 was launched in 2005 to celebrate the emergence of China’s technology sector, only a year after DHgate.com was first formed. It was at this time that DHgate.com founder and CEO, Diane Wang, took the pioneering site live.
DHgate.com was the first transactional ecommerce site to connect China-based suppliers with global buyers on one safe and streamlined platform. From search and payment to shipping and delivery, DHgate.com allows businesses to take advantage of the cost benefits of trade with China in just a few clicks of the mouse.
The significant growth achieved by the DHgate.com, which secured them the prestigious Deloitte Fast 50 award, is a result of significant technology innovations which allow small and medium businesses to compete with Big Box retailers in a way that was not possible before. The DHgate.com system leverages the collective buying power of small and medium businesses to achieve favorable rates from the world’s leading service companies. DHgate is PayPal’s largest client in APAC and is the only B2B platform to be fully integrated with UPS.
DHgate.com also utilizes Escrow, ensuring that buyer’s payments are not released to the seller until they confirm that they are completely satisfied with the goods they received – Another reason for the company’s remarkable popularity with global businesses. DHgate.com now connects more than 400,000 China-based suppliers with 2.1 million global buyers and facilitates thousands of online transactions a day.

About Deloitte Technology Fast 50 China 2008

In 2005, Deloitte China launched "Deloitte Technology Fast 50 China" award program. To qualify for this program each company must have headquarters in China or Hong Kong, generate revenues of at least US $50,000 during the first period of analysis, and be in operation for at least three years. Qualifying companies must also produce proprietary technology that contributes to a significant portion of the company's operating revenue or devote a high percentage of revenue to the research and development of technology.
This year marks the 4th anniversary of the Deloitte Technology Fast 50 program in China, which celebrates business growth, innovation and entrepreneurship. Participants in the Deloitte Technology Fast 50 China program will automatically qualify for participation in the Deloitte Technology Fast 500 Asia Pacific 2008 program, which annually recognizes the 500 fastest growing technological companies in Asia Pacific region.

About DHgate.com

DHgate.com is the leading online marketplace for the world’s small and medium size businesses and the largest China-based wholesale trading platform in the world. Founded in 2004 by former Joyo.com CEO, Diane Wang, DHgate serves over 2.1 million registered buyers from 230 international locations and in excess of 400,000 China-based sellers. Offering over 20 million product listings at any one time, DHgate.com facilitates thousands of successful transactions per day. DHgate.com now employs over 300 full-time employees and generates annual transaction volumes well in excess of USD$250 million.

DHgate.com is a B2B e-Commerce website serving Chinese sellers and global buyers since 2004. As a leader in B2B online trading, DHgate is proud to be PayPal's largest client in the Asia-Pacific region. Our buyers are from the US, Europe, Australia and Asia–totaling to over 230 countries worldwide. We also boast over 10 million product listings from more than 100,000 dedicated Chinese suppliers. On Dhgate.com, international buyers can purchase directly from Chinese wholesalers and factories, who offer a wide range of products at very low prices.

DHgate offers a quick-and-easy online purchasing process in addition to offering all of our clients a dedicated and knowledgeable customer service team. Our tried and tested Trust Marketing and Escrow payment processes guarantee a safe and secure purchasing environment. Unlike our competitors, DHgate has truly taken out the hassle of international trade—from product sourcing, secure payment and shipping.

Since its founding, DHgate has seen accelerating growth rate in a number of business indicators, including year-to-year gross merchandising value, number of orders, registered buyers and sellers, and listings. In the past two years, DHgate.com was funded by KPCB, JAFCO and other top-tier venture capital funds. For more information, please visit www.DHgate.com.