Machine Learning Authors: Liz McMillan, Yeshim Deniz, Pat Romanski, Elizabeth White, Corey Roth

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Tradett.com - Standing Out From Foreign Trade B2B Competition

HANGZHOU, China, Dec. 21, 2012 /PRNewswire/ -- Since last August, in an environment simmering with the continuing European debt crisis and sharply increased risks facing the global economy, China's foreign trade, especially export growth, gradually slowed down. Although the annual import and export volume reached USD3,642 billion, marking an increase of 22.5% over the previous year, the first quarter growth rate of 29.5% and 1-10-month growth rate of 24.3% highlighted the decelerating trend fairly obviously.

Multiple channels of collected data reflect the fact is that China's foreign trade in 2012 is in a downturn. However, this did not affect competitive growth seen by a variety of B2B trade platforms in China. As of November 2012, China's B2B e-commerce service enterprises reached 11,500, marking a year-on-year growth of 14%, while the size of the Chinese B2B e-commerce service provider's revenues in the first half of 2012 grew to USD74.5 billion, enjoying a year-on-year growth of 20%. As a leader in third-party B2B trade platforms, Tradett International Trade was one such company that witnessed tremendous pressure within this competitive environment. But, the CEO of Tradett, Mr. Jianson, has huge confidence in both the future of the industry and Tradett. Regardless of the success it has enjoyed, Tradett will not be satisfied with its present performance, nor rest of its laurels, as it will continue to focus on improving user experience and service quality; and maintain its leading position in the industry. With this philosophy driving the company, Mr. Jianson noted that "Tradett would move ahead of the market with its leading innovation."

In the eyes of Tradett's CEO, the B2B market is not dispirited; in fact, it's quite the opposite. In the severe foreign trade environment, the impact is a process of growth and development. The real gold will appear after holding out to the last. Therefore, the international market's depression for some B2B platforms is a deadly poison, while for others it is phoenix good chance to learn and improve. Tradett belongs to the latter.

In 2012, Tradett International Trade (www.tradett.com) introduced the WBS system, a Tradett certification service for suppliers. Suppliers, as long as they make one-time releases in the background, can achieve a synchronous display on Tradett.com. By becoming a certificated supplier on Tradett.com, the credibility of the suppliers is greatly enhanced.

The new system is already actively used by numerous suppliers on Tradett.com. At present, suppliers from the LED Light, solar water heater and forklift industries are using new system. In using the new system, Shenzhen Seno Light Co. Ltd and Hangzhou Max Forklift Co., Ltd offered very positive feedback, noting the new system is much more convenient to operate and with more orders, which has also increased the buyer's quality.


SOURCE Tradett.com

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