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Zhaogang Group has entered into a joint venture agreement with Trafigura Hong Kong, committing a combined investment of 45 million yuan to acquire an 8.57% equity stake in Zongjinhui (Shanghai) Information Technology Co., Ltd. The primary objective of this partnership is to construct an expansive e-commerce platform catering to all segments of the non-ferrous metals industry. By the close of 2024, Zhaogang Group had significantly bolstered its non-steel sector, expanding its network to include 371 cooperative suppliers and 1728 customers. This extensive reach encompasses over 68,000 unique products (SKUs), with a total of 19,811 orders successfully fulfilled and a Gross Merchandise Value (GMV) of 410 million yuan, marking a remarkable year-on-year growth of 192.7%.
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