JQW PLC Notice of Results (4319X)

TIDMJQW

RNS Number : 4319X

JQW PLC

28 August 2015

 
 Press Release   28 August 2015 
 

JQW plc

("JQW" or the "Group")

Notice of Interim Results

JQW announces that the Group will be publishing its Interim Results for the six months ended 30 June 2015 on or around Wednesday 23 September 2015.

The Company has had a number of discussions regarding the appointment of a new UK-based broker although no final decision has yet been made.

- Ends -

For further information:

 
 JQW plc 
 CaiYongde, Chairman                      Tel: [phone] 
                                                          7714 
 ChenDaocai, Chief Executive Officer            www.jqw-ir.com 
 Kooi Wei Boon, Chief Financial Officer 
 
 
 Cairn Financial Advisers LLP (Nomad 
  & Broker) 
 Sandy Jamieson / Liam Murray          Tel: [phone] 
                                                      7900 
                                          www.cairnfin.com 
 

Media enquiries:

 
 Abchurch Communications Limited 
 Quincy Allan/Viktoria Langley        Tel: [phone] 
                                                     7714 
 [e-mail]            www.abchurch-group.com 
 

About JQW plc

JQW is a leading domestic business-to-business e-commerce provider based in the Chinese province of Jiangsu. The Group's core business is its online B2B platform, www.jqw.com, which has been developed to encourage domestic trade by connecting Chinese SMEs with potential trade partners. Founded in 2004, the platform was developed to help to market Chinese SME's websites. JQW has evolved rapidly to become one of the top three B2B e-commerce website in China in terms of traffic and operates, what the Director's believe to be, the first dedicated B2B search engine, www.jqw.cn.

JQW offers a low-cost entry point for Chinese SMEs to promote themselves and their B2B products to potential buyers. In order to increase transaction opportunities, JQW offers its clients a broad range of services including website design, commercial search services and advertising.

There are approximately 50 million SMEs in China manufacturing a diverse range of products, accounting for 60% of the country's GDP. The number of mobile internet-access users in China stood at 871 million at September 2014 and investment in the country's telecommunications infrastructure continues to accelerate. These factors have driven an increased demand for domestic trade of B2B, B2C and C2C e-commerce. With the majority of these SMEs requiring the use of third party B2B e-commerce platforms to promote their businesses and access trade partners, the Board believes that JQW offers a robust and highly reputable branded platform. With exposure in over 50 industry sectors and considerable scope for future growth, JQW is in a strong position to capitalise on the development of this market.

At the end of 2014, the Group had:

   11 million    Registered users 
   5 million      Page views per day 
   1,046,000   Sheng-Yi-Tong members with website "shops" 
   241,000      Fee-paying members 
   600             Rated in the top 600 websites for global website traffic rankings 
   44               Sales agencies 
   3                 Top 3 in Chinese B2B website traffic rankings 

This information is provided by RNS

The company news service from the London Stock Exchange

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August 28, 2015 04:40 ET (08:40 GMT)