DHgate.com
Encyclopedia
DHgate.com is a business-to-business
(B2B) e-Commerce website connecting Chinese suppliers (specifically China-based SMEs ) with buyers overseas where users can order products directly through the site. The company was founded in China in 2004.
Based on figures from the first quarter of 2011, DHgate.com claims to have about 25 million product listings from over 900,000 Chinese suppliers and 4 million buyers from 230 different countries. The website allows users to post, browse and order wholesale products from Chinese manufacturers and sellers.
The company website states that the company has grown 1,771% in the past three years, a figure that influenced its selection on the 2009 Deloitte Technology China's Top 50 Fast Growing Enterprises
.
In 2011, the site had a platform GMV
of 6 billion CNY (924 million USD). Merchandise available on the site include electronics, beauty products, outdoor sporting supplies, clothes, etc. Currently over 50% of the website's buyers are located in North America and Europe.
DHgate works closely with PayPal
, with whom the company has a strategic partnership. DHgate is currently PayPal's largest customer in the Asia-Pacific region.) The China Construction Bank
also cooperates with DHgate to offer a microloan service (called "CCB-DHgate eBaotong") to users with good records on the site. Other strategic partners include UPS
and eBay
.
In 2010 DHgate obtained third round funding from the American private equity firm Warburg Pincus
totaling nearly 200 million RMB (equivalent to over 30 million USD).
where she managed China marketing communications. Wang also served as the Marketing Service Manager and Head of Business Development Department for Microsoft
(China) Corporation for six years (from 1993 to 1996).
(Mandarin 敦煌 (Dūnhuáng)), a Chinese city in modern-day Gansu province and formerly a strategic point on the Silk Road
which linked China to the rest of the world during ancient times. The name alludes to the company's place as a modern, online version of the Silk Road linking customers in China and abroad.
Business-to-business
Business-to-business describes commerce transactions between businesses, such as between a manufacturer and a wholesaler, or between a wholesaler and a retailer...
(B2B) e-Commerce website connecting Chinese suppliers (specifically China-based SMEs ) with buyers overseas where users can order products directly through the site. The company was founded in China in 2004.
Based on figures from the first quarter of 2011, DHgate.com claims to have about 25 million product listings from over 900,000 Chinese suppliers and 4 million buyers from 230 different countries. The website allows users to post, browse and order wholesale products from Chinese manufacturers and sellers.
The company website states that the company has grown 1,771% in the past three years, a figure that influenced its selection on the 2009 Deloitte Technology China's Top 50 Fast Growing Enterprises
Deloitte Fast 500
The Deloitte Technology Fast 500 Awards are run and moderated by Deloitte Touche Tohmatsu Limited. They recognize the 500 fastest-growing technology companies in regions around the world...
.
In 2011, the site had a platform GMV
Gross Merchandise Volume
Gross Merchandise Volume or GMV is a term used in online retailing to indicate a total sales dollar value for merchandise sold through a particular marketplace over a certain time frame. Popular online retail sites like eBay, Overstock.com, and Google Checkout commonly use this term in place of...
of 6 billion CNY (924 million USD). Merchandise available on the site include electronics, beauty products, outdoor sporting supplies, clothes, etc. Currently over 50% of the website's buyers are located in North America and Europe.
DHgate works closely with PayPal
PayPal
PayPal is an American-based global e-commerce business allowing payments and money transfers to be made through the Internet. Online money transfers serve as electronic alternatives to paying with traditional paper methods, such as checks and money orders....
, with whom the company has a strategic partnership. DHgate is currently PayPal's largest customer in the Asia-Pacific region.) The China Construction Bank
China Construction Bank
China Construction Bank is one of the 'big four' banks in the People's Republic of China. To date, it is ranked as the nation's second largest and the second largest bank in the world by market capitalization and 12th largest company in the world. The bank has approximately 13,629 domestic branches...
also cooperates with DHgate to offer a microloan service (called "CCB-DHgate eBaotong") to users with good records on the site. Other strategic partners include UPS
United States Postal Service
The United States Postal Service is an independent agency of the United States government responsible for providing postal service in the United States...
and eBay
EBay
eBay Inc. is an American internet consumer-to-consumer corporation that manages eBay.com, an online auction and shopping website in which people and businesses buy and sell a broad variety of goods and services worldwide...
.
In 2010 DHgate obtained third round funding from the American private equity firm Warburg Pincus
Warburg Pincus
Warburg Pincus, LLC is an American private equity firm with offices in the United States, Europe, Brazil and Asia. It has been a private equity investor since 1966...
totaling nearly 200 million RMB (equivalent to over 30 million USD).
Founder and CEO Diane Wang
DHgate.com was founded by Diane Wang, the current CEO, in 2004. Though little known outside of China, she is covered in the Chinese media as one of the country's "beautiful woman CEOs" (美女CEO) Before founding DHgate, Wang was one of the founders of Joyo.com. She also once served as Country Marketing Director of Cisco SystemsCisco Systems
Cisco Systems, Inc. is an American multinational corporation headquartered in San Jose, California, United States, that designs and sells consumer electronics, networking, voice, and communications technology and services. Cisco has more than 70,000 employees and annual revenue of US$...
where she managed China marketing communications. Wang also served as the Marketing Service Manager and Head of Business Development Department for Microsoft
Microsoft
Microsoft Corporation is an American public multinational corporation headquartered in Redmond, Washington, USA that develops, manufactures, licenses, and supports a wide range of products and services predominantly related to computing through its various product divisions...
(China) Corporation for six years (from 1993 to 1996).
The Name "DHgate"
The "DH" in DHgate refers to DunhuangDunhuang
Dunhuang is a city in northwestern Gansu province, Western China. It was a major stop on the ancient Silk Road. It was also known at times as Shāzhōu , or 'City of Sands', a name still used today...
(Mandarin 敦煌 (Dūnhuáng)), a Chinese city in modern-day Gansu province and formerly a strategic point on the Silk Road
Silk Road
The Silk Road or Silk Route refers to a historical network of interlinking trade routes across the Afro-Eurasian landmass that connected East, South, and Western Asia with the Mediterranean and European world, as well as parts of North and East Africa...
which linked China to the rest of the world during ancient times. The name alludes to the company's place as a modern, online version of the Silk Road linking customers in China and abroad.
2009
- Ranked 2nd in China Trade Future Stars by the Business Review 2009
- Ranked 5th in the Deloitte Technology Fast 50 China 2009
- Ranked 13th in the Deloitte Technology Fast 50 Asia-Pacific 2009
2011
- Recommended by the Chinese Minsitry of Commerce as one of China's Top 4 E-Commerce Platforms for International Trade
- Ranked Number One B2B Dotcom Power in the B2B category at the 2011 China E-commerce Culture Festival