Sinopec e-commerce transactions reach milestone

Epec.com, the e-commerce platform for industrial products of China Petroleum and Chemical Corp (Sinopec), the world's largest refiner by volume, has reached an accumulated transaction value of 2.1 trillion yuan ($329.5 billion) over the past six years, serving as an industrial product bridge that connects trade across the globe.

Last year saw total transactions reach 531.2 billion yuan, while in the first quarter its transactions were up 34 percent year-on-year, it said.

The platform currently features 102,000 registered enterprises with 2.89 million products online.

Global.epec.com, the international online marketplace for industrial and energy products launched by Sinopec, currently has accumulated transactions of $72.6 billion during the past few years with a business that covers 104 countries and regions across the globe. As a bridge that connects trade in industrial products produced in Brazil, Russia, India, China and South Africa - or the BRICS, the platform covers various industrial products including raw materials, equipment and chemical products, said Sinopec.

zhengxin@chinadaily.com.cn