SHANGHAI, China | NEWS RELEASE —
Solar Power unveiled SolarTao(dot)com its innovative business-to-business (“B2B”) e-commerce platform offering a wide range of PV products for both upstream and downstream suppliers and customers.
The new online marketplace enables PV solution sellers and buyers to connect and transact on an innovative, transparent, and secure online platform designed to provide a cost-effective way for upstream and downstream PV players to match supply and demand.
According to a February 2015 report by iResearch Consulting Group, a leading market research firm focusing on China internet industry, 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%.
“We are delighted to announce the launch of SolarTao.com, SPI’s new B2B solar e-commerce platform which we believe 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.”