{"id":50736,"date":"2024-01-21T19:46:06","date_gmt":"2024-01-21T19:46:06","guid":{"rendered":"https:\/\/news.pakistaninewspaperlist.com\/xcmg-e-commerce-inc-selects-machinio-as-key-partner-in-post-market-program\/"},"modified":"2024-01-21T19:46:06","modified_gmt":"2024-01-21T19:46:06","slug":"xcmg-e-commerce-inc-selects-machinio-as-key-partner-in-post-market-program","status":"publish","type":"post","link":"https:\/\/pakistaninewspaperlist.com\/news\/xcmg-e-commerce-inc-selects-machinio-as-key-partner-in-post-market-program\/","title":{"rendered":"XCMG E-Commerce Inc Selects Machinio as Key Partner in Post-Market Program"},"content":{"rendered":"
\n

BETHESDA, Md., Jan. 19, 2024 (GLOBE NEWSWIRE) — Liquidity Services (NASDAQ: LQDT), a leading global commerce company powering the circular economy, today announced Asia-based multinational corporation XCMG E-commerce Inc has selected Machinio, one of the leading global online platforms for buying and selling machinery and equipment, to facilitate the sale of more than 6,000 refurbished construction machinery assets as part of its \u2018Reconditioned Machine\u2019 refurbishment program. XCMG E-commerce Inc is a subsidiary of XCMG, a renown global heavy equipment manufacturer.<\/p>\n

\u201cWe are excited that the Machinio team in China has been able to develop a relationship with and win the business of a well-known brand like XCMG,\u201d said Robin Hargadon, vice president and general manager, Machinio. \u201cTheir trust reflects the increased value Machinio brings to Chinese equipment sellers through our classified marketplace by\u00a0providing more exposure,\u00a0both locally and internationally.\u201d<\/p>\n

This sale marks the second year Machinio has served as a key partner in XCMG\u2019s \u2018XCMG Reconditioned Machine\u2019 program, wherein the organization collects used XCMG assets and conducts a thorough reconditioning process which includes more than 150 specialists performing machine disassembly, repairs, painting, rebuilding, and testing before leveraging Machinio\u2019s expansive global marketplace platform to remarket and extend the life of these assets.<\/p>\n

\u201cMachinio sees incredible opportunities in China to continue to expand our advertising footprint for equipment manufacturers and dealers, as well as introduce our other Machinio System CRM and website hosting services,\u201d Hargadon said.<\/p>\n

The available assets contain a mix of high-value reconditioned equipment including XCMG-brand Skid Steer Loaders<\/a>, multiple Hydraulic Crawler Excavators<\/a>, and a 180-ton Crawler Crane<\/a>.<\/p>\n

To view all 6,000 refurbished construction machinery assets, visit Machinio.com<\/a>.<\/p>\n

About Machinio\u00a0<\/strong>
Acquired by Liquidity Services in 2018, Machinio<\/a> is one of the leading global online platforms for buying and selling machinery and equipment. By offering annual subscriptions to more than 3,750 dealers, brokers, manufacturers, and other suppliers of used equipment, sellers efficiently market their inventory to more than 12.5 million users across 190 countries. Machinio\u2019s robust search platform lists more than 1.2 million assets for sale valued at over $25 billion. Machinio also provides equipment sellers a suite of online tools and software to optimize business performance.<\/p>\n

About Liquidity Services<\/strong>
Liquidity Services<\/a> (NASDAQ: LQDT) operates the world\u2019s largest B2B e-commerce marketplace platform for surplus assets with over $10 billion in completed transactions to more than five million qualified buyers and 15,000 corporate and government sellers worldwide. The company supports its clients’ sustainability efforts by helping them extend the life of assets, prevent unnecessary waste and carbon emissions, and reduce the number of products headed to landfills.<\/p>\n

Contact:<\/strong>
Antonio Liotta
antonio.liotta@liquidityservices.com<\/a><\/p>\n

<\/p>\n

\"Photo<\/p>\n

Photos accompanying this announcement are available at
https:\/\/www.globenewswire.com\/NewsRoom\/AttachmentNg\/73488296-cffe-42cb-ba72-53c1548a33ea<\/a>
<\/a>https:\/\/www.globenewswire.com\/NewsRoom\/AttachmentNg\/a4598952-f624-4b72-9d4e-bd6a0b146c25<\/a><\/p>\n

\n <\/div>\n","protected":false},"excerpt":{"rendered":"

BETHESDA, Md., Jan. 19, 2024 (GLOBE NEWSWIRE) — Liquidity Services (NASDAQ: LQDT), a leading global commerce company powering the circular economy, today announced Asia-based multinational corporation XCMG E-commerce Inc has selected Machinio, one of the leading global online platforms for buying and selling machinery and equipment, to facilitate the sale of more than 6,000 refurbished 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