Gasgoo.com Recognized as One of Top 100 Industry Websites

Shanghai, China, September 14, 2007 --(PR.com)-- In a joint study organized by the Ministry of Information, the China E-Commerce Association and the Internet Society of China, Gasgoo.com, a B2B web dedicated to auto parts sourcing, is recognized as one of the top 100 industry websites.

Financed by Chery Automobile Co., Gasgoo.com is a portal web dedicated to providing auto parts information and services. Drawing on strong industry background, resources and sourcing experience, the web offers a platform for auto parts buyers and suppliers to exchange supply and demand information, industry news, business exchanges.

As the first website specialized in auto parts sourcing industry, Gasgoo.com has obvious advantages in understanding the needs of both international buyers and Chinese suppliers. Based on these understandings of China's auto parts sector, Gasgoo.com has created a business pattern known as "entrust sourcing" and "big-buyer sourcing", which have been enthusiastically welcomed by international buyers.

Since its founding in the past January, Gasgoo.com has attracted some 8,000 Chinese auto parts suppliers and 6,000 international buyers.

Gasgoo.com will continue to play a bridge role that "connects China and world automotive industries," said Chen Wenkai, CEO of Gasgoo.com. It will continue to mobilize resources and serve Chinese auto parts suppliers and international buyers.

It is reported that the organizers have selected and evaluated about 2000 industry websites in China. Click rate, transaction volume, development potential, managing team and influence were factored into this evaluation, experts said.

The income of industry websites will grow 90% annually in the next couple of years, according to an estimation made by "Industry Website Development Report". By 2010, the income of these website will jump to 58.8 bln yuan (US$7.8 bln), an increase of 80 percent annually, the report says.

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