www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Industries

Online steel marketplace helps Chinese producers destock

(Xinhua) Updated: 2016-01-19 14:21

SHANGHAI - An online platform matching steel producers with buyers has become an increasingly popular tool amidst overcapacity troubles facing the industry.

Zhaogang.com, a website that connects steel makers and market buyers, announced it raised 1.1 billion yuan in funding - potentially the last round of financing before it is listed on the domestic stock market, according to the company.

Beijing West Fund, backed by steel maker Shougang Group, and domestic broker Zhongtai Securities are the lead investors in Zhaogang's latest round of financing. The company has previously received backing from major venture capital firms from both China and abroad, including IDG, Sequoia Capital, Matrix Partners China and Zhen Fund.

The Shanghai-based website's business spans from steel trading, storage, processing, logistics and financing.

The steel industry was among a number of sectors in China saddled with overcapacity. The slowing economy dampened demand for industrial goods, leaving companies that produce them with unwanted stockpiles.

China has also made destocking one of its top priorities over the next five years in order to address overcapacity in heavy industry.

The country's current steel production capacity stands at 1.2 billion tons, but actual production only hit 800 million. While some companies secured deals with steel makers to buy steel immediately after production, about half of the 800 million tons is in need of buyers on the market.

Zhaogang.com said it wants to facilitate destocking for steelmakers by pairing steel suppliers with buyers through its online trading platform. This also fits with the government-endorsed strategy to pull some of the country's struggling traditional sectors from their current predicament through the help of internet and information technology.

Shanghai's Baosteel also invested 2 billion yuan in building its own online steel marketplace Ouyeel.com last year.

Though Zhaogang.com only sold 8.5 million tons of steel last year, accounting for 18 billion yuan, Wang Dong, the company's CEO, has an ambitious target of growing sales nearly tenfold in the next three years.

The company has already reported profit in its proprietary steel trading, storage and processing, though it has operated for less than four years.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 国产成人一区二区视频在线观看 | 亚洲国产日韩成人综合天堂 | 国产欧美日韩在线一区二区不卡 | 成人精品国产亚洲欧洲 | 欧美综合在线观看 | 91久久精品一区二区三区 | 亚洲精品在线免费看 | 男人v天堂 | 亚洲 欧美 日韩 在线 中文字幕 | tom影院亚洲国产 | 国产精自产拍久久久久久蜜 | 日本三级欧美三级 | 一级女毛片 | 视频二区好吊色永久视频 | 女人被男人桶 | 国产自在自线午夜精品视频在 | 久久亚洲精品中文字幕 | xx欧美老妇 | 俺来也欧美亚洲a∨在线 | 免费在线看黄网址 | 国产高清区 | 在线观看成年人免费视频 | 国产男人天堂 | 欧美国产成人精品一区二区三区 | 国产午夜精品久久理论片 | 伊人精品视频 | 农村三级孕妇视频在线 | 欧美很黄视频在线观看 | 国产性自爱拍偷在在线播放 | 加勒比在线免费视频 | 日本黄色美女网站 | 手机看片99 | 亚洲成人精品久久 | 在线观看a网站 | 久久精品国产99久久香蕉 | 亚洲精品久久九九精品 | 久久亚洲高清观看 | 毛片在线免费播放 | a级毛片无码免费真人 | 国产欧美日韩精品在线 | 亚洲成人国产精品 |