cableabc —From July 15 to 16, the 2nd China “Internet + FMCG” Summit, guided by B2B Industry Branch of China Electronic Commerce Association, sponsored by 2B., the professional media in the B2B industry, co-organized by Best Store+, Ping An Bank, Beijing Yunniao Technology, Yidinghuo and Tsign, was held in Hangzhou. In the summit, the list of “The Top 100 B2B Enterprises in China in the First Half 2017” was released by B2B Industry Branch of China Electronic Commerce Association on site. The subsidiary company of Far East Smarter Energy Co., Ltd. (hereinafter referred to as "Smarter Energy", stock code: 600869), Far East Trading Pay Network Co., Ltd. (Hereinafter referred to as “Trading Pay”), ranking the 23rd, was titled the Top 100 B2B Enterprises in China in the First Half 2017. Enterprises such as Alibaba B2B, HC International, Inc and Shanghai Zhaogang Netcom were also in the list.

The certificate

    It is reported that being commissioned by B2B Industry Branch of China Electronic Commerce Association, “The Top 100 B2B Enterprises in China in the First Half 2017” is scheduled by 2B research team. This schedule takes five dimensions into account: enterprise news data, revenue plus GMV data, website traffic data, listing plus financing data and online open voting data. Through scientific algorithm setup, the research team determined that these five dimensions account for different weights.

    The data shows that Trading Pay (www. mmbao. com), founded in September 2011, is the e-commerce transaction platform for electric wire and cable and electrical & electronics mainly in the trading mode of B2B. Facing to enterprises specializing in electric wire and cable and electrical & electronics, Trading Pay provides the platform of sales and adjustment of inventories for them. Trading Pay is dedicated to provide one-stop solutions of procurement, sale, payment, logistics, quality inspection, aftersales service and financial service for enterprises specializing in electric wire and cable and electrical & electronics, distributors and terminal clients.

    Supported by the shareholder platform of the listed company, Smarter Energy (stock code: 600869), after 5 years, Trading Pay develops rapidly to become a vertical e-commerce platform with the industrial support for global electric wire and cable and electrical & electronics.

According to the data, in 2016, the revenue of Trading Pay was RMB 4.86 billion, a 67.24% increase year-on-year; net margin was RMB 50 million, a 31.04% increase year-on-year.