Ninetowns Internet Technology Group

Ninetowns Internet Technology Group Company Limited
Industry Technology – Business Software & Services
Founded 1995
Headquarters Beijing, The People's Republic of China
Key people

Shuang Wang
(Chief Executive Officer, and Director)
Xiaoguang Ren
(President)
Siu Lun Fork
(Chief Financial Officer, and Principal Accounting Officer)

Bolin Wu
(Chief Technology Officer) (Dec 31, 2005)
Products online solutions for international trade
Revenue $ 15.61M (Jun 30, 2013)
Number of employees
 584 (Jun 30, 2013)
Website www.ninetowns.com

Ninetowns Internet Technology Group Company Limited was set up in 1995 and now is based in Beijing, China, providing enterprise online software. The company was formerly known as Ninetowns Digital World Trade Holdings Limited until September 2006. There are four segments in the company:

History

Ninetowns was established in 1995 and became public on NASDAQ in December 2004, providing online solutions for international trade, such as business-to-government, business to consumer (B2C) business services. The company's B2C service was provided in April 2010, engages in the purchase of organic, fresh and natural food products for delivery to customers' homes. In 2011, the company introduced its Smarter City Real Estate development initiative (SCRE).[2]

Operations

In April 2007, the company completed its acquisition of Ample Spring Holdings Limited, to integrate and leverage its business-to-government trade processing expertise into business-to-business vertical search and services.[3]

In April 2011, Ninetowns won the right to acquire land use rights about 141,000 square meters in Anhui Province, China. The company named this project “Smarter Town” for commercial and residential use. In the same year, the company’s subsidiary Dalian Aviation Changzheng Technology Development Co., Ltd. won the right to acquire land rights about 20,973 square meters in Dalian, Liaoning Province, China for its real estate market strategy.[4][5]

Products and services

Products of The enterprise software and related maintenance services include iDeclare.CIQ series, iProcess.CIQ and iQM series, enabling the declaration being processed electronically over the Internet. It also provides software to process electronic filings, and the data exchange. The B2C e-commerce provides platform of online food and grocery markets through its web portal tootoo.cn. In addition, the company also enters into real estate market by its Real estate development segment. As of December 31, 2012, the company has four real estate development projects.[6]

References

  1. ↑ "Business Summary".
  2. ↑ "The Company Business Outlook".
  3. ↑ "Ninetowns Completes Acquisition of Ample Spring".
  4. ↑ "Ninetowns Announces Acquisition of Land Use Rights, Launch of New Property Development Initiative and Share Repurchase Program".
  5. ↑ "Ninetowns Announces Acquisition of Land Use Rights in Dalian, China".
  6. ↑ "Products: Overview".
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