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AQSE:SMK
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Samarkand Group plugs the West into Chinese e-commerce

Snapshot

  • Samarkand inks contract extension with skincare brand 111SKIN
  • Samarkand Group present maiden results as listed company with revenue increasing by over 200%
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Quick facts: Samarkand Group PLC

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AQSE:SMK

Price: 160 GBX

Market Cap: -

About the company

Samarkand Group PLC is a cross-border eCommerce company focused on connecting Western brands with China, the world’s largest eCommerce market.

The company's proprietary software platform, Nomad, covers commerce, distribution, logistics, payments, and analytics.

How it is doing

05 Aug 2021

Samarkand Group PLC (AQSE:SMK) said it has signed an extension to its existing distribution agreement with luxury skincare brand 111SKIN until the end of July 2023.

The contract is for the ecommerce specialist’s Nomad Distribution services and will also include an expansion of its Nomad Storefront offering for Chinese ecommerce platforms.

Building on the three-year partnership, Samarkand said it will launch a Tmall Global flagship store in China for 111SKIN later this month. Tmall Global is China's leading cross-border eCommerce platform, generating around £360bn gross merchandise value (GMV) in 2020.

 The firm said the extension of its relationship with 111SKIN is “testament to the group's continued execution of its growth strategy” while also demonstrating a “growing desire for Western brands to increase their presence in China”.

29 Jul 2021

Samarkand Group PLC (AQSE:SMK), the cross-border eCommerce technology solution provider focused on China, saw revenues triple in the financial year to the end of March.

Revenue soared to £20.6mln from £6.8mln the previous year, boosted by contributions from acquisitions, while like-for-like (LFL) revenues, excluding one-off revenues, more than doubled to £14.8mln from £6.8mln.

28 Jun 2021

Samarkand Group PLC (LON:SMK) said it delivered a strong performance in the year to the end of March.

The cross-border e-commerce technology solution provider said revenue rose to £20.6mln from £6.8mln the year before, although the figure was boosted by exceptional revenues of £5.8mln.

What management says

29 Jul 2021

Samarkand Group PLC (AQSE:SMK)'s (LON:SMK) David Hampstead joins Proactive London's Katie Pilbeam to talk about their final results for 2021.

Hampstead explains what drove revenues to increase significantly by 201% to £20.6m (2020: £6.8m). 

He says the funds raised from their IPO provides Samarkand with the necessary capital to move to the next stage of their expansion and continued execution of the growth strategy.

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Samarkand Group presenting at the Proactive One2One Virtual Forum - 16th...

Samarkand Group is named after the Uzbekistan city, a major trading postmid-way along the ancient silk road connecting the trade routes between China and Europe. The co-founders, David Hampstead and Simon Smiley, have spent 12 years together in technology entrepreneurship. They founded Samarkand...

1 week, 3 days ago

4 min read