Creditsafe Sheds New Light On China

World's #1 Provider of On-Line Credit Reports Brings New Insight to China's Rapidly Expanding Marketplace

News provided by

May 02, 2016, 12:59 ET

ALLENTOWN, Pa., May 2, 2016 /PRNewswire/ -- Creditsafe, the world's most used supplier of on-line business credit reports, today announced it has extended its global database to include critical information on over 40 million private and public companies in China. This marks the first time such an expansive portfolio of financial information and analytics focused specifically on China has been commercially available. As of May 2016, Creditsafe offers comprehensive business intelligence on public and private companies in over 200 countries around the world.

"China is an incredibly important economy to the U.S. and many other countries around the globe. It represents an enormous market opportunity for many businesses but also a complex one. Our information on this overwhelmingly intricate and rapidly changing marketplace is unprecedented. We can now offer businesses the tools and techniques to analyze this marketplace in ways like never before," said Matthew Debbage, president of Creditsafe's American and Asia-Pacific Operations.

Specifically for China, Creditsafe provides customers with immediate intelligence on all aspects of a company's key financials including: registered name/address, financial metrics, industry code/description, legal form, director/shareholder information, ultimate holding company and subsidiary/affiliate information.

"With China online, we provide the industry's most expansive, data-rich business intelligence tool," said Debbage. With the recent addition of Australia, Bangladesh, India, Pakistan, Russia, South Korea, Sri Lanka and Taiwan coupled with China, there is no other provider in the marketplace with such a robust offering. All of this data is wholly-owned by Creditsafe ensuring our customers the information is coming from a trusted source rather than a third-party."

Creditsafe's global database is one of the most rapidly expanding in the industry and also one of the most comprehensive. Creditsafe offers customers unlimited and open access to information and ratings on companies in virtually every industry in almost every country on earth. Each day over 200,000 users around the world leverage the company's database to make more than 450,000 business decisions.

Creditsafe's database is updated over a million times a day with information gathered from over 200 sources. In 99.9% of the cases, reports requested by customers are delivered instantly online. And, over 40% of Credisafe's customers, leverage the company's internationally reporting capabilities. Currently, Creditsafe has 14 offices around the world and maintains the only truly global international database of online credit information. Globally, the company reports a 28 percent growth in revenue over the past twelve months.

About The Creditsafe Group
The Creditsafe Group is the world's most used supplier of company business intelligence, with ten Creditsafe Group reports downloaded every second. Privately owned and independently minded, Creditsafe is looking to change the way business information is used by providing high-quality data in an easy to use format that everyone in an organization can benefit from.

Founded in Norway in 1997, Creditsafe has offices in countries all over the world including: the UK, Germany, France, Sweden, Ireland, Italy, Belgium, the Netherlands and the United States. Globally, Creditsafe employs over 1,200 people and has more than 90,000 subscription customers. Three years ago, the Creditsafe Group opened offices in the U.S. under the name Creditsafe, Inc. Its U.S. operations are headquartered in Allentown, Pa. with another facility in Phoenix, AZ. For more information, please visit www.creditsafe.com.