Solar Power, Inc. (SPI) continues its strategy to establish an leading online solar business. SolarBao.com, an online platform for solar investment, now opens to overseas customers. Furthermore, SPI launched the “SolarTao.com” for entering the business-to-business (B2B) e-commerce market.
In China, B2B accounted for 73% of China's total e-commerce sales in 2014, based on gross merchandise value. China's online B2B market is expected to grow from RMB 9.0 trillion in 2014 to RMB 15.9 trillion by 2018, representing a CAGR of 15%. SPI focuses on the trend and unveiled the B2B platform. The announcement represents SPI's most recent online initiative following the launch of Solarbao.com.hk, the international version of its online investment platform, Solarbao.com.
The latest B2B e-commerce platform, which is currently Simplified Chinese only, aims to offer a wide range of PV products for both upstream and downstream suppliers and customers. Through the online marketplace, PV solution providers and buyers can connect and communicate with each other for the most cost-effective, customized and best services. The platform is secure of transparency and safety for upstream and downstream PV players to match their services and requirement.
"We believe SolarTao.com will be a driving force in creating an efficient PV supply chain in China," said Xiaofeng Peng, Chairman of SPI. "SolarTao.com leverages SPI's rich industry resources and experience to enable upstream and downstream players to match supply and demand in a cost-effective manner, thus adding value along the entire PV supply chain and also helping to create a solar industry ecosystem."
(Photo Credit: SolarTao.com)