What is Dhgate? Dhgate Review

1. About Dhgate

DHgate is a well-known B2B website in China. Ms. Wang Shutong, the flag bearer of China's e-commerce and the first CEO of Joyo.com, serves as the general manager. It has gathered a large number of outstanding international trade and Internet industry elites. The high-quality and professional international business team and Internet scientific research strength enable DHgate to provide high-quality, efficient and fast services to buyers and suppliers.

II. Introduction

DHgate is the world's leading online foreign trade transaction platform. Its CEO Wang Shutong is one of the earliest e-commerce practitioners in China. In 1999, he co-founded Joyo.com and served as its first CEO. In 2004, he founded Dunhuang.com. DHgate is committed to helping Chinese SMEs enter the global market through cross-border e-commerce platforms, opening up a new international trade channel and making online transactions simpler, safer and more efficient.

As an innovator of small and medium-sized B2B overseas e-commerce, DHgate adopts the EDM (email marketing) marketing model to expand overseas markets at low cost and high efficiency. The self-built EDMSYS platform provides high-quality product information for overseas users. Users can freely subscribe to English EDM product information and learn about the latest market supply at the first time.

3. Company History

1. In 2004, Ms. Wang Shutong, the founder and first CEO of Joyo.com, founded Dunhuang.com

2. Obtained the first round of financing in 2006

The single transaction amount in March and April exceeded $10,000

4. PayPal's largest customer in the Asia-Pacific region and sixth largest customer worldwide in 2007;

5. An important strategic partner of Google in the Chinese market. Both parties are committed to promoting Chinese SMEs to go global.

6. In August 2008, DHgate.com and eBay formed a strategic partnership;

In July and December, DHgate.com was selected as one of the top 50 high-tech and high-growth companies by Deloitte, ranking seventh;

8. In 2009, we became a business partner with UPS, and UPS services were embedded in the DHgate platform;

9. Ranked fifth in Deloitte's Top 50 Fastest-Growing Companies in China;

10. In 2010, the Dunhuang Power Camp was launched, training and incubating more than 200,000 online merchants;

11. Received nearly RMB 200 million investment from Warburg Pincus;

12. Cooperated with China Construction Bank to jointly launch the "CCB Dunhuang e-Insurance" online micro-loan service;

13. In 2011, the new Dunhuang One-Stop service was launched in Beijing, Shenzhen and Hangzhou simultaneously;

14. In 2012, DHgate.com was selected as one of the “Top 100 New Enterprises in Zhongguancun”

15. DHgate.com was awarded the PayPal "Blue Chip Award"

4. Company Honors

1. Ranked fifth among the top ten most growing enterprises in China in 2008 and among the top 100 e-commerce enterprises in China in 2008

2. Ranked seventh in Deloitte's 2008 China's Top 50 High-Tech Fast-Growth Enterprises

3. 2009 "ZeroNet - China's Top 50 Most Valuable Companies for Investment"

4. Ranked fifth in Deloitte's 2009 China's Top 50 High-Tech Fast-Growth Enterprises

5. Top 10 Brand Influential Enterprises in the 2009 E-commerce Ranking

6. Top 100 Chinese Industry E-commerce Websites in 2009

7. 2009 Transformation and Upgrading Annual Model, Best Small Loan Platform Award

8. Zero2IPO's "Top 50 Most Valuable Chinese Companies in 2010" and "Influential Enterprise of the Year in China's Information Industry in 2010"

9. Ranked ninth in "ChinaVenture's 100 Most Promising Companies of 2010"

10. "Top Ten Most Improved Enterprises" awarded by "DONEWS 2010 Internet Model Selection Activity"

11. In 2011, it was selected as one of the “Key Enterprises of China’s Foreign Trade Third-Party E-commerce Platforms in 2011-2012” by the Ministry of Commerce.

12. On March 30, 2011, Zero2IPO announced the results of its 2011 China's Top 50 E-commerce Companies with the Most Investment Value, with the company ranking seventh.

13. On September 12, 2012, it won the title of "2012 Red Herring Asia's Top 100 Innovators" in the United States

5. Corporate Culture

Our mission: Promote global trade and realize entrepreneurial dreams

Our vision: the world's leading online trading platform

Our spirit: Dream high and keep down to earth

Our values: Achieve customer success, teamwork, continuous innovation, happy growth, integrity and honesty, get things done

6. Trading Model

A typical seller does business like this: upload the features, quotes, and pictures of their products to the platform, prepare and ship the products after receiving orders from overseas buyers; buyers pay after receiving the products, and both parties settle the trade through PayPal. The whole cycle takes 7-14 days.

On DHgate, buyers can generate orders based on the information provided by sellers. They can choose to purchase in bulk directly, or they can choose to purchase samples in small quantities first and then purchase in large quantities. This type of online small-amount wholesale generally uses express delivery, and express delivery companies generally act as agents for customs declaration within a certain amount range.

For example, DHgate maintains close cooperation with international logistics giants such as DHL and FedEx. Based on the huge business volume of the network, it can reduce the equivalent logistics costs of small and medium-sized enterprises by at least 50%.

Generally speaking, the quantity of such orders is not too large, and some can save customs clearance procedures. Taking ordinary digital products as an example, the buyer's order quantity ranges from a dozen to dozens. This kind of small transaction is more frequent, unlike traditional foreign trade orders, which may be placed once every six months. One order is almost the seller's "food ration" for a year.

Selling goods on Alibaba B2B in the same way as Taobao is an interesting summary of the DHgate transaction model.