TD Holdings, Inc.'s Tongdow Achieves Record-breaking Operation Results in the First Quarter of 2023 with GMV of RMB99 Billion
TD Holdings, Inc. (GLG)
Company Research
Source: PR Newswire
SHENZHEN, China, April 19, 2023 /PRNewswire/ -- TD Holdings, Inc. (Nasdaq: GLG) (the "Company" or "TD Holdings"), a commodities trading service provider in China, today announced that its controlling subsidiary Shenzhen Tongdow Internet Technology Co., Ltd. ("Tongdow"), a leading integrated service provider for an online to offline e-commerce commodities trading platform Tongdow.com, achieved record-breaking operation results in the first quarter of 2023 with a gross merchandise value (GMV) of RMB99 billion, increased by RMB11 billion from the same period of last year with a 12.5% year-over-year growth.Previously, Frost & Sullivan released an industry report entitled "China's B2B E-commerce Platform for Non-ferrous Metals Market, Independent Market Research", which indicates that in 2021, the top three B2B e-commerce platforms for non-ferrous metals in terms of GMV are Tongdow ranked No.1 at RMB440 billion, Smm.cn ranked No.2 at RMB100 billion, and Mymetal.net ranked No.3 at RMB90 b
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