ISLAMABAD, Dec 22 (INP-WealthPK): Chinese internet-based B2B platform, Global Building Material (GBM), has announced its plans to invest $50 million in Pakistan. Under the investment plan, GBM will open its first branch in Lahore city of Punjab province during the current month to introduce its new one-stop shopping experience for Pakistani building material retailers. For this purpose, it will launch an app for businessmen dealing in building material. Additionally, the GBM is going to make a comprehensive digital port zone in Karachi which includes a warehouse, digital centre, data centre plus logistics centre. David Wei, General Manager of GBM Pakistan, made this announcement with his team while talking to the media on December 14, 2021. "Lahore is the most suitable city for the development of GBM and it completely fits GBM's positioning. We hope to take Lahore as a good start for Pakistan, and empower building materials retail stores in Pakistan, so as to make their business bigger and more profitable with the wings of the internet," David said. David Wei informed the media that he arrived in Pakistan in early October and visited the Ministry of Housing and Works, Ministry of Commerce, Board of Investment and other government agencies to discuss GBM’s investment plans. After a one-month market investigation, the GBM finally chose to set up the branch in Lahore. “Retailers can check the supply of goods and place orders at home through the GBM app. If there is any problem, retailers can also directly consult online and have special before and after-sales services being offered by GBM. Sourcing low prices and high-quality Chinese hardware and building materials with ease is the unique feature of GBM,” the GM of GBM Pakistan informed. GBM (www.gbm001.com) is a leading cross border one-stop door-to-door building materials platform, aiming to link global building material manufacturers, trading companies and terminal customers together. Improving the degree of trade demands satisfaction of both sides by database, internet and global door-to-door logistic service, and then applying digital trading, blockchain, big data, AI (artificial intelligence) service to help increase the efficiency and reduce the cost in procurement. GBM has gathered nearly 10,000 excellent suppliers of building materials in China, and has achieved a good reputation by serving nearly a thousand of construction and engineering companies in China with low prices and perfect after-sales services. Its parent company Hangxiao Steel Structure Co Ltd, the first Chinese steel structure company, has 35-year experience in the construction industry, and the company’s total assets are over Rs20 billion.