The Pan Asian Exchange marketplace connects Asian buyers and suppliers
29.09.2015 311 views
A new online marketplace launched Tuesday that connects business buyers and suppliers in the Philippines, Hong Kong, Taiwan, Singapore, Malaysia, China and Macao.
The Pan Asian Exchange, or PAE, connects more than 4,000 small and medium-sized businesses, including extremely small ones called micro-businesses, with thousands of global buyers, PAE says on its web site, PanAsiaExchange.net. The B2B platform is an initiative of the Pan Asia E-Commerce Alliance, or PAA, a group composed of 11 companies that provide such services as customs clearance, logistics, regulatory advice and financial assistance in each of the respective countries. The PAA has an existing customer base of more than 340,000 businesses that it hopes to turn into users for the new cross-border e-marketplace.
“The PAE represents another step closer to realizing the objective of the PAA, namely to promote and provide secure, reliable and value-adding I.T. infrastructure and facilities to enhance seamless trade globally,” PAA chairman Francis Norman O. Lopez says. “With the PAE e-marketplace, PAA members will provide more value on services to subscribers, raising the profile of Asian suppliers on the global stage, and helping them to expand their businesses.”
Buyers on PanAsiaExchange.net can search through products from some 40 categories ranging from agriculture and apparel to construction and real estate. Shoppers can also sort sellers by region and name of company, and create a “favorites” list of companies they want to follow for new inventory placed on the site. The site also offers a section where sellers can place excess merchandise for sale. Buyers can pay and also request a quote through the password protected online portal.
Companies must create a profile and pay a membership fee to participate on PanAsiaExchange.net. Pan Asian Exchange did not immediately return a request for information on the fees it charges to marketplace users.
Source: Internet Retailer