CMRC--ChinaEB Chooses Commerce One to Establish China's First Comprehensive e-marketplace
Commerce One continues strong e-marketplace leadership in Asia
BEIJING--(BUSINESS WIRE)--Commerce One, Inc. (Nasdaq:CMRC - news) today announced that they will be providing e-marketplace solutions to ChinaEB, the Internet arm of the State Research Information Technology (SRIT) Co. Ltd. The announcement signifies the formation of the mainland's first comprehensive e-marketplace that will target the development and adoption of business-to-business (B2B) e-commerce and enable Chinese companies to conduct business in the global e-marketplaces.
Total e-transactions in China in 1998 was US$170 million
Total e-transactions in China in 2004 is estimated to be US$82 billion
Total e-transactions in Asia Pacific in 1998 was US$2.5 billion
Total e-transactions in Asia Pacific in 2004 is estimated to be US$903 billion
(Source: Gartner)
By offering leading e-marketplace solutions provided by Commerce One, ChinaEB plans to link industry sector marketplaces (horizontal and vertical) in China to the company's portal. ChinaEB also plans to provide e-commerce related services - ranging from strategy consultation through to integration, implementation and operational maintenance -- to Chinese businesses wanting to adopt e-commerce strategies.
Li Ming, Chairman of ChinaEB, said: ``ChinaEB possesses strong technical development resources as well as integration and implementation capabilities. By combining our own strengths and local expertise with those of a global e-commerce software leader such as Commerce One, we will offer companies that wish to deploy e-commerce strategies with a world-class portfolio of value added services and solutions to empower Chinese companies to conduct business in the global e-markets effectively and efficiently. We fully expect ChinaEB to become a vital e-commerce gateway for Chinese businesses wanting to connect to the rest of the world.''
In the alliance with Commerce One, ChinaEB will be able to offer world class B2B technology and transaction platforms that will offer local language software solutions (including English), local content, local implementation and support and a host of other related services. In addition, the ChinaEB's partnership with Microsoft and HP will give its customers access to leading software and hardware technologies that will help Chinese companies effectively transition into world-class B2B e-commerce companies.
ChinaEB's e-marketplace aims to engage all market makers in a broad range of industries such as construction, automotive, energy, mining, and others, to help stimulate links within the country and increase trade -- via the World Wide Web -- between companies in China and the rest of the world.
``Our strategic alliance with one of China's leading e-commerce companies represents a major milestone in moving more Chinese companies onto the Web,'' said Lloyd Oki, Vice-President and General Manager, Commerce One, Asia Pacific. ``With the backing of SRIT, this agreement with ChinaEB signifies the importance that Chinese government and business leaders place on leading China into the competitive global e-commerce environment, especially at a time when the country is on the verge of setting a new precedent in global trade with their inclusion into the ranks of the WTO.''
As a Commerce One alliance partner, ChinaEB will offer Chinese companies unprecedented access to a vast network of suppliers and buyers around the world via the Commerce One Global Trading Web(TM), the world's largest B2B trading community, which currently includes 141 leading e-marketplaces worldwide powered by Commerce One.
``China's domestic business-to-business trade is the backbone of the country's economy, but little of this is Internet related today,'' said Li Ming. ``With WTO entry and amid the continuing reform of state-owned enterprises and the modernization of business in China, the market is primed for the entry of B2B e-commerce technologies. By providing comprehensive local language solutions, content and services, ChinaEB will not only empower vertical and horizontal marketplaces to conduct trading in a more cost-effective manner, but they will have the real potential of enabling e-commerce to companies which otherwise would not have had the opportunity to extend their business reach via the Internet,'' continued Mr. Li.
In addition to providing English language versions of the company's leading e-marketplace solutions in Asia, Commerce One is currently able to offer several of its solutions in some Asian languages such as simplified and traditional Chinese, Japanese and Korean.
About Commerce One
Commerce One is the e-marketplace company. Through its software, services and Global Trading Web of interconnected business communities, Commerce One enables worldwide commerce on the Internet. With headquarters in Pleasanton, California and offices around the world, Commerce One can be reached by phone at 800/308-3838 or 925/520-6000 or via the Internet at www.commerceone.com.
About SRIT Co. Ltd.
SRIT Co. Ltd., is a leading Internet and e-commerce company founded by the Development Research Center of the State Council (DRC), Beijing Telecom Co. (part of the China Telecom Group), Shan Dong Lu Neng Development Group, and Beijing Dragon Base Industry and Trade Ltd. (BDB). SRIT's mission is to promote the development of the Internet and e-business in China.
About ChinaEB
ChinaEB develops, integrates and implements e-commerce services and solutions for Chinese businesses. The company provides e-commerce related services -- from initial industry-specific consultation services, external and internal platform development, to technology integration and implementation, and operational maintenance and management -- to a broad range of industries in China.
Commerce One, Many Markets. One Source. Global Trading Web, BuySite, MarketSite, Global Trading Platform, Common Business Library, XML Development Kit, XML Commerce Connector, MarketSite Builder, and SupplyOrder are either trademarks or registered trademarks of Commerce One, Inc. Enterprise Buyer and MarketSet are trademarks of Commerce One, Inc. and SAPMarkets, Inc. All other company, product, and brand names are trademarks of their respective owners.
Forward Looking Statements
Certain statements made in this press release by Commerce One are not historical facts but are ``forward looking statements'' and may involve risks and uncertainties which could cause actual future results to differ materially and adversely from those anticipated by such statements. Included among the factors that could affect Commerce One's performance are: product demand and market acceptance; general economic conditions; fluctuations in operating results; its ability to effectively manage future growth, to retain and efficiently integrate its executive management team, and to identify, hire, train and retain, in a highly competitive market, individuals highly skilled in the Internet and its rapidly changing technology, ability to work effectively with it alliance partners and clients to effectively manage future growth and deliver solutions and services and their acceptance in the market place. For a discussion of these and other risk factors that could affect Commerce One's business, see ``Risk Factors'' in Commerce One's filings with the Securities and Exchange Commission, including its annual report on Form 10-K for the year ended December 31, 1999. |
