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chembid and MOLBASE enter into platform cooperation

08-Jul-2019

chembid

Photo (left to right): Juliet Ma (General Manager, International Business, MOLBASE), Zheng Wang (CEO, MOLBASE), Christian Bürger (CEO, chembid), Estella Yen (Business Development Manager, Asia Pacific, chembid)

The German internet startup chembid and the Shanghai-based company MOLBASE announced today that they have entered into a platform cooperation. Two pioneers of the still relatively young online chemical business are joining forces to drive the digital transformation of the chemical industry forward. MOLBASE operates a B2B e-commerce platform, which has been on the market since 2013, focusing primarily on chemicals, pharmaceuticals and new materials. On their platform, the company offers various SaaS and supply chain services to purchasers and suppliers.

The core technology of chembid is a metasearch engine for commercial chemicals and plastics. The essential feature of the metasearch engine is the access to several thousands of external chemical online shops and marketplaces for search queries, and similar to travel metasearch engines, for example, the suitable results from numerous marketplaces are processed and made comparable. With the help of a central search, the offers are provided with a high level of transparency and clarity.

Customary for chembid’s industry and marketplace partnerships, chemical offers from MOLBASE e-commerce platform will be available and made comparable on the chembid search engine. The resulting advantages for both partners are evident: while chembid is adding several hundred thousand offers to its existing large portfolio of over two million product offers, MOLBASE will benefit from numerous new, worldwide users who access the Chinese marketplace via chembid.

In addition to the platform connection, a close cooperation in other areas is also planned in the future between chembid and MOLBASE, such as service offers, events or marketing. The common goal is to utilize the synergy effects resulting from the partnership and to tap into new markets.

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