XCMG E-Commerce Inc.

Founded in December 2017, XCMG E-Commerce Inc. is a subsidiary of XCMG Group that specializes in the Group′s e-commerce business. By founding XCMG E-Commerce, XCMG intends to follow the global economic development trends to drive a structural reform on the supply chain and accelerate the transformation towards service-oriented manufacturing. This is also a strategic move following the important instructions given by President Xi Jinping on his visit to XCMG to keep exploring new business modes, tapping the potential for growth, and creating a new international platform.

XCMG E-Commerce actively responds to the key actions of China′s Three-Year Action Plan for the Development of Industrial E-commerce. It explores new paths by integrating big data and realizing information connectivity within the value chain. Relying on XCMG Group′s complete engineering machinery industry chain and rich experience in international development, XCMG E-Commerce has designed and launched its own international (Machmall. COM) and domestic (Tlang. COM) e-commerce platforms which feature abundant resources, active innovation, and high efficiency and collaboration. The two websites focus on the engineering machinery industry and apply Internet Plus technology to integrate good-quality resources manufactured in China and seamlessly connect the demand side and supply side. With the thriving e-commerce platforms and a complete ecosystem, XCMG E-Commerce provides global customers with a wide range of electromechanical products in complete sets and series as well as various e-commerce services such as rental, auction, parts, and overseas warehouses.

XCMG E-Commerce strives to obtain more than 10, 000 partners, 1 million registered members, and a transaction volume of RMB 10 billion within five years based on its complete system, online and offline platforms, as well as the industry ecosystem, to become a world-leading and trustworthy e-commerce service platform in the electromechanical industry.