i-textile Online Company Limited, a vertical B2B e-commerce company targeting the textile and garment industry, announced today that it has formed a wide network of partnerships with leading Chinese and Taiwanese textile suppliers to launch a new version of global online marketplace for textiles (www.i-textile.com).

The companies joining the partnership network include Nien Hsing Textile Co Ltd, a listed company in the Taiwan Stock Exchange Market, and two Taiwanese textile mega-conglomerates, Tah Tong Textile Co Ltd and Giantex Textiles Co Ltd. The network also includes Shanghai Anda Cotton Fabrics Mill, the largest yarn producer in Shanghai, and six other leading textile enterprises in China.

All partners have agreed to trade through i-textile's online marketplace, and make their products available to buyers at very competitive prices through i-textile's platform. Tah Tong Textile's president, Steven Chen, said he was confident that i-textile would help his company expand sales opportunities and streamline transaction process. Under the agreement, i-textile has developed an e-commerce strategy and an online trading platform for Tah Tong Textile.

With the support of its partners, i-textile has also launched a new version of its global online marketplace (www.i-textile.com). With financial backup of Softbank Ventures Korea and the GEM-listed Asian Information Resources (Holdings) Ltd, i-textile launched the world's first global online marketplace for textiles last December. The new version, launched today, includes a range of new features that will make i-textile's global marketplace a one-stop solution for textile sourcing and trading.

These new features include the Global Textile Seller zone where best selling fabrics from leading textile sellers are traded; Product Showrooms featuring i-textile's core products, Trend Forecast, Fall/Winter 2001/02 Fabrics and Spring/Summer 2001 Fabrics showrooms; and Quota Prices information.

Benjamin Mok, i-textile's co-managing director, said: "The markets in China, Hong Kong, Taiwan, and Korea combined have already contributed over half of the $100bn global textile export volume. Partnering with leading players in these textile countries is critical to maintaining our leadership position in global textile e-commerce."