TD Holdings subsidiary achieves record breaking results in Q1

TD Holdings announced that its controlling subsidiary Shenzhen Tongdow Internet Technology, a leading integrated service provider for an online to offline e-commerce commodities trading platform Tongdow.com, achieved record-breaking operation results in the Q1 with a gross merchandise value of RMB99B, increased by RMB11B 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 RMB440B, Smm.cn ranked No.2 at RMB100B, and Mymetal.net ranked No.3 at RMB90B.