Complaint Review: GlobalSources.com

GlobalSources.com is a website that connects mainly U.S. companies and buyers to Asian suppliers, principally mainland China. They are a publicly listed company on the NASDAQ stock exchange yet the corporation is based in Bermuda to avoid paying U.S. taxes.

I went to the Securities & Exchange Commission (SEC) and found their New York phone number is disconnected.

This is a very shady and deceptive company. They have a bogus rating system and a fraudulent verified suppler listing system.

The rating and verified supplier listing is based solely upon how much the Asian manufacture pays GlobalSources.com and nothing more.

I had a bad experience getting connected by GlobalSources.com to a Chinese company CATIC. The company CATIC had none of the capabilities listed on GlobalSources.com who gave the top rating as a verified supplier.

After complaining to GlobalSources.com and getting stonewalled in the process they did finally admit the only contact they actually had with CATIC was to collect money.

Be careful and dot not trust GlobalSources.com

They also operate a trade show called China Sourcing Fair. Draw your own conclusions on this part of their business.