
From April 7th to 9th, the first Online Coal Merchants Summit and Coal Supply and Demand Discussion in 2016 were held in Ningbo. Sources from the conference suggested that regarding the prominent coal glut, a batch of emerging e-businesses had helped coal enterprises out with the Internet + coal business pattern. The Zhaomei website, established by a businessman from Ningbo, edged itself into the top rank within only 19 months.
In the early June of 2015, Cui Song, who has dealt in coal trade for 10 years, set up the online trading platform for coal suppliers, the Zhaomei website, moving its headquarter to Ali Innovation Park. The website touched the very crux of the troubled coal industry, thus attracting 10 million yuan's investment soon after its appearance. In less than 2 months afterwards, a venture-capital firm initiated the first round of funding for it, raising millions of dollars. Fully funded, the website expedited distribution of its online and offline recourses, and to upgrade the whole value chain, it stepped up efforts in fields including logistics, finance, warehousing, quality control, etc. Shortly before the two Sessions in 2016, the website signed a contract with Ningbo E-commerce Economic Innovation Park in Jiangbei District, deciding to change its place of registration to Ningbo.
In the Online Coal Merchants Summit, Cui shared its experience of success. He said that his website was a new B2B coal enterprise aimed at enhancing the circulation efficiency of the coal industry and serving for its practitioners. Coal as a bulk commodity has a segmented market, wild price fluctuation and standardized production, which makes it suitable to promote transactions through an online platform. In this way, the problem of slow and opaque information transmission can be solved. Within only 10 months, our website has facilitated transactions worth over 0.1 billion yuan. We are a true intruder into the industry who has reformed everything, and we are ranked 41 in the 2015 Top Hundred Famous B2B Brands, said Cui.
The Summit was co-sponsored by the Zhaomei Website together with several provincial coal guilds and coal cites. Famous experts of coal industry were also invited for speeches. Over 300 representatives from coal-related companies were present.
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