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Press Release
 China Business Exchange, China’s Leader in Online Small Business and Commercial Property Listing Services, Announces the Closing of Series A Funding led by China Seed Ventures

SHANGHAI, China - October 10, 2007 - China Business Exchange (, China’s pioneer in online small business and commercial property listing services, today announced the closing of its Series A investment led by China Seed Ventures ( The Series A funding allows CBE to establish even stronger sales prescience in Beijing, Shanghai, and Guangzhou; extend its range of services; and further support its customers throughout China.

“Small business exchange is a relatively new but fast growing market in China and CBE is the clear leader in providing listing and transaction services,” said Mr. Michael Liao, Principal of China Seed Ventures. “CBE’s clear lead and strong reputation is due to high asset quality, great asset selection, and good service developed over the last 2 years of operation. The founders bring to the company many years of experience working with small businesses and truly understand what drives buyers and sellers in this market.”

Allan Sirotkin, co-founder and CEO of CBE said, “China Seed Ventures supports entrepreneurs and through their investment in CBE, will help even more entrepreneurs realize their dreams. We choose to work with China Seed Ventures for its demonstrated capability in helping early stage ventures mature through both strategic vision guidance and operational value-add.

CBE’s services include an online platform to list information on small businesses or commercial property being sold, and an offline brokerage service, providing sellers or buyers legal, financial, and consulting services. The company has listed over 450,000 business and properties on their nationwide website, with 32,000 business and properties confirmed sold as a result. CBE is headquartered in Shanghai, with additional sales offices in Beijing and Guangzhou, and distributor networks in over
23 cities.

“The small business exchange market is booming, from less than 2 million transactions in 2001 to over 9 million transactions in 2006,” reported Johnston Zhook, CBE’s co-founder and General Manager. “I’m proud that CBE contributed to this growth through setting up China’s first online listing platform. China Seed’s investment will allow us to establish presence in even more cities and roll out further services so that we continue to be the leader in this market and help direct its growth.

In connection with China Seed Ventures’ investment, Michael Liao will join CBE’s Board of Directors, along with founders Allan Sirotkin and Johnston Zhook.

About China Business Exchange

Founded in 2004, China Business Exchange combines an online listing platform with offline brokerage services to offer entrepreneurs a complete solution to entering or exiting existing business. CBE is China’s pioneer and leader of online business and
property listing services with the most listings and highest traffic in China. Headquartered in Shanghai, it has sales offices and distributors in 13 cities.

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About China Seed Ventures

China Seed Ventures is a private equity firm targeting early-stage venture and growth capital investments in emerging companies with significant operations in Greater China. China Seed’s partners combine extensive private equity, operating, and China market experiences to assist entrepreneurs in creating industry-leading companies. Headquartered in Shanghai and with partners in San Francisco and Tokyo, China Seed offers access to high quality partners in Asia and the United States and an extensive network of resources to support its portfolio companies.

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