Who owns Dhgate?

Posted by Patria Henriques on Thursday, August 1, 2024

DHgate.com is a Chinese business-to-business and Business-to-consumer cross-border e-commerce marketplace that facilitates the sale of manufactured products from suppliers to small and medium retailers. It is one of the largest B2B-cross-border e-commerce trade platforms in China.

who-owns-dhgateWho owns Dhgate?

DHgate was founded by Diane Wang in Beijing in August 2004 and was officially launched in 2005. The “DH” in DHgate refers to Dunhuang, a Chinese city in modern-day Gansu province and formerly a strategic point on the Silk Road which linked China to the rest of the world during ancient times.

The name alludes to the company’s place as a modern, online version of the Silk Road linking SMEs between China and abroad. Early on, the company struggled to remain profitable, but capital investments in 2006 and 2007 helped DHGate remain afloat. In 2008, it was listed 7th on the Deloitte Technology Fast 50 for the Asia Pacific region. By the following year, it had over 1 million registered users worldwide.

. As of June 30, 2020, the platform had 31 million global registered buyers, 2.2 million sellers and other countries from over 220 countries and regions, and 32 million products available. The website sells numerous products, including a range of electronics, apparel, and health and beauty items, among many others.

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