News this week: Earlier this week, Shenzhen-listed Focus Technology, the operator of Made-in-China.com, released its
financial results for the year ended 31st December 2013. Revenues
were US$84 million, a year-on-year increase of 14%. Net income attributable to
shareholders in the year was also up 11%, reaching US$23 million. Diluted
earnings per share were RMB 1.18 (US$0.19) in 2013.
The Nanjing-based company generated the majority of its
revenues through its online sourcing platform, Made-in-China.com. About half of
those revenues were generated from membership fees, amounting to US$40 million.
The company’s “Audited Supplier Services” generated 20% of total revenues, or
US$17 million, while their other value-added services generated US$15 million –
18% of total revenues.
As of 31st December 2013, Made-in-China.com had
13,417 registered members. The majority of them (12,936) were registered on its
flagship English-language site
compared with only 481 members on its Chinese
site.
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