Jiangsu Jinling Trading Co., Ltd. is also a subsidiary
of Jinling Hotel Corporation whose registered capital is 20 million RMB, and
the shareholder ratio of the Jinling Hotel Corporation is 90%. Its main
business covers hotel goods purchasing and domestic and overseas trade. It has
always strived to support joint purchasing by Jinling member hotels, applied a
win-win pattern when doing business with suppliers, and further enhancing development
of the e-commerce platform of Jinling hotels online purchasing. By the end of
June 2013, the total assets of the company was 2.1031 billion RMB and net assets
were 0.7285 billion RMB. The “Jinling Hotel Purchase” has become the model of
e-purchasing in the hotel industry. With over 5,000 varieties of hotel goods
and 380 suppliers, the highly effective operation of the system has greatly
reduced member hotels’ costs.