UPS Joins Force with Dhgate.com

Dhgate.com, a leading Chinese B2B trading platform, on Thursday paired up with UPS in a bid to help China's small and medium-sized businesses enter the global marketplace. "UPS's strengths will cut our sellers' expenditure on logistics by 70% or even more," Wang Shutong, CEO of the website said. Almost 400,000 Chinese retailers traded ¥1 billion worth of goods with more than 3 million buyers from 230 countries and regions in the first half of 2009 on Dhgate.com.

$1 = ¥6.8