Global Sources

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Global Sources Limited
Public
IndustryE-commerce, Publishing, Trade shows
Founded1971 (1971)
FounderMerle A. Hinrichs
Headquarters
Hong Kong
,
China
Key people
Hu Wei, CEO
OwnerBlackstone
ParentClarion Events
Websitewww.globalsources.com/ Edit this on Wikidata

Global Sources (Chinese: 環球資源) is a Hong Kong-based business-to-business (B2B) multichannel media company.[1] It facilitates trade from Greater China to the world using a wide range of English-language media, and facilitates trade from the world to Greater China using Chinese-language media. The company provides sourcing information[2][3] to volume buyers and integrated marketing services to suppliers. In addition, the media company verifies the quality of the manufacturer.

The company was founded in November 1970 by Merle A. Hinrichs[1][4] and C. Joseph Bendy as Trade Media Ltd.; its first publication, Asian Sources magazine, was launched three months later. In September 1974, the company's first spin-off publication—Asian Sources Electronics—appeared. More industry-specific titles were subsequently added.

In 1996 Global Sources launched the industry's first[citation needed] business-to-business website, Asian Sources Online, and its monthly CD-ROM. Both were designed to supplement and complement the company's trade publications.

The company launched its China Sourcing Fairs in 2003.

  • Global Sources Exhibitions, which bring international buyers face-to-face with suppliers. Specialized shows take place in Hong Kong,[5][6]
  • Private sourcing events, which create opportunities for pre-selected suppliers to meet privately with buyers representing retail chains.[7][8][9]
  • Global Sources online marketplaces (GlobalSources.com), which allow buyers to contact manufacturers directly for inquiries and purchases.[10]
  • Chief Executive China, which feature thousands of informative supplier advertisements. Each of the 16 industry titles provides reports on new products and trends in sourcing. Print, digital[11] and mobile app[12][13] editions are available.

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 was appointed as the CEO of Global Sources.

Milestones[edit]

  • 1971 First issue of Asian Sources magazine
  • 1974 First issue of Asian Sources magazine spinoff, Asian Sources Electronics
  • 1995 Launches Asian Sources Online, first international trade marketplace
  • 2000 Lists on NASDAQ (Symbol: GSOL)
  • 2003 First China Sourcing Fairs in Shanghai
  • 2006 Global Sources trade shows move to Hong Kong
  • 2011 Verified Buyers initiative announced
  • 2013 Acquisition of SIMM
  • 2017 Global Sources announces its acquisition by Blackstone
  • 2018 Global Sources completes a merger with Clarion Events
  • 2018 Over 18,000 booths of the latest products at Global Sources trade show
  • 2019 First Global Sources Indonesia, Electronics in Jakarta
  • 2020 First Global Sourcing Fair South Africa

References[edit]

  1. ^ a b So, Sherman; Westland, Christopher (2010). Red Wired: China's Internet revolution. Marshall Cavendish. pp. 84–92. ISBN 9780462099675.
  2. ^ "Global Sources Top 20 Products". Globalsources.com. Retrieved 18 November 2013.
  3. ^ "Ask The Experts". Globalsources.com. Retrieved 18 November 2013.
  4. ^ "Merle Allan Hinrichs". Retrieved 25 November 2013.
  5. ^ "Global Sources' electronics shows features 3,900+ booths". 19 April 2013. Retrieved 25 November 2013.
  6. ^ "1,200 booths at Global Sources' spring fashion shows". 3 May 2013. Retrieved 25 November 2013.
  7. ^ "Global Sources' Private Sourcing Events see strong buyer and supplier support in 2012 despite uncertain economic conditions". Retrieved 25 November 2013.
  8. ^ "New Buyers at Private Sourcing Events Double in First Half of 2011". Retrieved 25 November 2013.
  9. ^ "Global Sources to hold 15 Private Sourcing Events for world retailers with US$665 billion in annual sales". Bloomberg. Retrieved 25 November 2013.
  10. ^ Cheng, Allen (31 May 2006). "Challenging Alibaba, Global Sources buys stake in rival BUSINESS ASIA". International Herald Tribune  – via HighBeam Research (subscription required). Archived from the original on 10 June 2014. Retrieved 15 November 2013.
  11. ^ "Global Sources Introduces e-Magazines". Retrieved 26 November 2013.
  12. ^ "Global Sources Magazines on Apple App Store". Retrieved 26 November 2013.
  13. ^ "Global Sources Magazines on Google Play Store". Retrieved 26 November 2013.
  14. ^ "Clarion Events completes merger with Global Sources".