Netsun Toocle to Establish 100 Industry Websites

Ebrun, 11/22/12

Zhejiang-based B2B e-commerce site Netsun Toocle (002095.SZ) recently announced plans to set up 100 industry websites and foster 100 new CEOs. The plan calls for roughly 100 B2B e-commerce startup teams around China to develop 100 vertical industry portals and independent operations JVs. Netsun Toocle will take shares in the companies during the JV formation process.

Netsun Toocle has been quietly developing a Big Data system, and could grant partner companies priority access to its online B2B transaction tools and its large-volume B2B payment platform Sinopay.com, operated by Zhejiang NetSun subsidiary Shengyitong Payment Service.

Keywords: B2B e-commerce Internet Netsun Toocle JV 002095.SZ SinoPay online payment

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