The China International Electronic Commerce Co., Ltd. (CIECC) will market and sell TradeBeam's (San Mateo, Calif.) on-demand trade management software to Chinese businesses. More than 2,000 Chinese companies are already piloting the software.
"We selected TradeBeam after a very careful review and strict selection process," said Junsheng Liu, the General Director, CEO and Board Chairman of the China International Electronic Commerce Co., Ltd. "As leading software and service providers in our respective countries, this strategic collaboration will propel both China and TradeBeam ahead of those around the world. We expect that as a result of the CIECC's national marketing and world-class infrastructure throughout China, this offering will simplify current transactions and enable new opportunities for companies across the globe to do business with Chinese enterprises."
Existing TradeBeam customers will reportedly be able to leverage the software to collaborate with Chinese trading partners.
"Global organizations continue to outsource to rapidly developing nations in order to achieve a competitive market advantage, " said Dr. Hau Lee, the Thoma Professor of Operations, Information, and Technology at the Stanford Graduate School of Business and Executive Program Director of the Stanford Global Supply Chain Management Forum. "By streamlining global trade interactions using global trade management software, these organizations will have the greatest advantage."
The partnership will be named TradeBeam (Beijing) Technology Ltd., and TradeBeam will become the majority shareholder.
Established in 1996, the China International Electronic Commerce Center (CIECC) is an executive technical support entity for the information technology infrastructure construction for China's Ministry of Commerce (MOFCOM). CIECC provides a nation-wide technology infrastructure and service organization for the implementation of e-Government and e-Commerce systems for Chinese organizations. Offerings include utility, professional, credit and data security services.