Friday, February 07, 2014

Foxconn launches B2B e-commerce platform

News this week: Leading contract electronics manufacturer, Hon Hai Precision Industry Co. which trades under the name Foxconn Technology Group, will reportedly launch a new B2B trading platform in March.

According to media reports, the company’s B2B e-commerce platform will be named “B2B” and will focus on the trade of semi-finished electronics products. The manufacturer’s diversification into e-commerce is reportedly part of its strategy to provide more value-added services to clients.

Foxconn’s revenues in the fourth quarter of 2013 grew 45% over the previous quarter to reach US$43.9 billion (NT$1.33 trillion). The company’s major client, Apple Inc., accounts for more than 40% of its total sales.

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