News this week: Shenzhen-listed Focus Technology, operator of Made-in-China.com, released its
results for the six months ended 30th June 2012. Revenues were US$35
million, up 9.1% year-on-year. Focus Technology’s net income in the first half,
however, was down 21% from same period last year at US$9.2 million. Diluted
earnings per share during the period were RMB 0.50 (US$0.0787).
The majority of Focus
Technology’s revenues were generated through the operation of its online
sourcing platform Made-in-China.com. Membership fees generated US$17 million or
49% of total revenues, while its “Audited Supplier Services” accounted for
US$8.7 million (or 25% of total revenues) – a jump of 159% over the same period
in 2011.
As of 30th
June 2012, Made-in-China.com had a total of 13,589 registered members, of which
the vast majority (12,741) were registered on the company’s flagship English-language site. The remaining
848 were registered on its Chinese site.
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