The Shandong Economy and Information Technology Commission recently unveiled a list of local e-commerce enterprises for 2014. Zhenghe Group was the only one in ChemChina that made the list.
Zhenghe has carried out e-commerce marketing with Alibaba, WeChat Mall, the Shenzhen Petrochemical Exchange, the Xiamen Petroleum Exchange Center and the Bohai Commodity Exchange. It realized online trading of gasoline, diesel oil, propylene, liquefied gas, acrylic acid, butyl acrylate and sulfur. To date, the company has more than 360 registered members. It has realized more than 2 billion yuan ($321 million) in e-commerce income, greatly boosting its profits.