Pingtan Comprehensive Pilot Zone E-Home Service Co went public on May 14 on the Nasdaq Stock Exchange in the United States, the first private enterprise in Pingtan, an island city on the Chinese mainland closest to Taiwan to be listed overseas.

The breakthrough marks an important achievement for Pingtan to help link enterprises with the capital market.

The company's IPO overseas is not only a stride leap from product management to capital management, but also an important sign that the company has reached a new level in development, which has become a role model for others.

Xie Wenshan, the founder of E-Home Service said in his IPO speech, “It took 7 years from the company’s setup to the listing. There have been ups and downs.” Now, its home appliances and smart home services business has outlets and customers in 32 provinces across China；the housekeeping services has expanded to Fujian, Guangxi and Shandong ；the Internet services for the aged is rooted in Fuzhou and expanded across China.

Speaking of the reasons why he chose Pingtan to start his business, he said, "I am grateful to the Pingtan government and relevant authorities for their support along the way." In the beginning, the company’s name had the English letter "e" in it, which made it difficult to register. However, thanks to Pingtan's trailblazing policy, our company not only wrapped up the registration, but also enjoyed the exemption from value-added tax.

To help more companies go public, the Financial Bureau of Pingtan took the lead in rolling out a series of incentives with regard to financial development. The policy states that 10 million yuan will be awarded to companies listed on the Shanghai and Shenzhen stock exchanges; 6 million yuan will be given to companies listed overseas; and 1.5 million yuan will be given to companies listed on the NEEQ.

"Next, we plan to start the country's first homemaker’s college in Pingtan to educate homemakers on the art of housekeeping, which can go beyond domestic duty. Xie said that the IPO will also help the company make inroad into the world market. In addition, the company also plans to become a leader in the housekeeping industry through mergers and acquisitions.

Business profile：

Mainly engaged in after-sales service of household appliances and smart home, and housekeeping services, "E-Home Service" is a modern enterprise providing integrated homemaking services through Internet.

At present, there are more than one million active customers on the platform. The company has become partners with more than 2,600 home appliance service outlets across China, and more than 1,000 outlets in housekeeping services.

Spotted a mistake or want to add something? All rights reserved. Do not reproduce our content without permission–you can contact us directly on our Facebook messenger or Twitter mailbox.  Follow @pingtanchina (Facebook/Twitter)