Global Sources Explained

Global Sources Limited
Type:Public
Founder:Merle A. Hinrich
Location City:Hong Kong
Location Country:China
Key People:Hu Wei, CEO
Industry:E-commerce, Publishing, Trade shows
Owner:Blackstone
Parent:Clarion Events

Global Sources is a Hong Kong-based business-to-business (B2B) multichannel media company that serves buyers and suppliers online and offline since 1971. Its core business facilitates trade between suppliers and buyers, through trade shows,[1] online marketplaces, the management magazine Chief Executive China,[2] apps and other virtual products.

Global Sources organizes many professional sourcing fairs in Hong Kong every year in response to the development of Guangdong-Hong Kong-Macao Greater Bay Area. These include the world 's largest electronic product sourcing fair - Global Sources Electronics, Indonesia[3] which connects China with Southeast Asia market under the “Belt and Road Initiative”. Global Sources is also a majority shareholder in Shenzhen International Machinery Manufacturing Industry Exhibition (SIMM), the leading machinery exhibitions in Southern China, and its related shows.

The company launched its China Sourcing Fairs in 2003.

In February 2018, UK-based Clarion Events (owned by The Blackstone Group) completed its acquisition of Global Sources supported by Blackstone.[14]

In July 2018, Hu Wei, formerly President of Reed Exhibitions Greater China, was appointed as the CEO of Global Sources.

Global Sources and the Digital Age

In recent years, Global Sources has significantly expanded its digital presence to cater to the evolving needs of its global customer base. The company's online marketplaces have become increasingly sophisticated, offering features such as virtual trade shows, live product demonstrations, and AI-powered product matching. Additionally, Global Sources has invested in mobile apps to provide buyers with on-the-go access to supplier information, product catalogs, and real-time market updates. By embracing digital technologies, Global Sources aims to further streamline the sourcing process and connect buyers and suppliers more efficiently than ever before.[15]

References

Notes and References

  1. Web site: Global Sources Exhibitions: Specialized Trade Fairs in HK. 2020-10-06. globalsources.com.
  2. Web site: 世界经理人-世界经理人网站与杂志致力引导职业经理人实现卓越管理. 2020-10-06. www.ceconline.com.
  3. Web site: 2020 Global Sources Electronics Indonesia: New show in Jakarta!. 2020-10-06. www.globalsources.com.
  4. Web site: Global Sources Exhibitions. 2020-10-06. www.globalsources.com.
  5. Web site: Global Sources - Press Release - Dec 5, 2019. 2020-10-06. www.corporate.globalsources.com.
  6. Web site: Global Sources' Private Sourcing Events see strong buyer and supplier support in 2012 despite uncertain economic conditions . 25 November 2013.
  7. Web site: New Buyers at Private Sourcing Events Double in First Half of 2011 . 25 November 2013.
  8. News: Global Sources to hold 15 Private Sourcing Events for world retailers with US$665 billion in annual sales . 25 November 2013 . Bloomberg.
  9. Web site: Global Sources Online Marketplaces. 2020-10-06. www.globalsources.com.
  10. Web site: Global Sources - Chief Executive China presents its 15th anniversary special edition. 2020-10-06. www.corporate.globalsources.com.
  11. Web site: Global Sources Introduces e-Magazines . https://web.archive.org/web/20090224230528/http://www.prweb.com/releases/global-sources/trade-magazines/prweb2141884.htm . dead . 24 February 2009 . 26 November 2013.
  12. Web site: Global Sources Magazines on Apple App Store . 26 November 2013.
  13. Web site: Global Sources Magazines on Google Play Store . 26 November 2013.
  14. Web site: Clarion Events completes merger with Global Sources.
  15. Web site: Global Sources vs Alibaba и 1688: где найти надежных поставщиков качественных товаров? . 2024-11-28 . svoivkitae.com . ru.

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