China's largest private oil firm launches O2O service

JINAN - China's largest private listed oil and gas equipment company, Jereh Group, launched its O2O (online to offline) platform for global purchasers on Thursday.

The "Jereh Go" O2O project of Jereh Oilfields Services Group, based in Yantai city in East China's Shandong province, displays more than 1,000 types of products and services in oil and gas engineering.

The new service will reduce the purchasing costs for buyers and shorten the delivery time through effective integration of both foreign and domestic market resources, said Cui Yuzhu, a company executive in charge of the O2O program.

Founded in 1999, Jereh is the country's largest private oil and gas company. It went public on the Shenzhen Stock Exchange in 2010. The company's equipment and services have been sold in more than 60 countries and regions.