Made-in-China Acquires Taiwanese E-Commerce Firm

Securities times, 9/16/10

Nanjing-based Focus Technology (002315.SZ), the company behind B2B e-commerce site Made-in-China.com, has announced it will acquire Taiwan-based e-commerce company Transworld Information Corporation for USD 4.99 mln.

The main targets of the acquisition were Transworld's ttnet.net and ttnet.com B2B e-commerce platforms and its English- and Chinese-language Trade Yellow Pages print publications, as well as Transworld's tangible and intangible assets and business data.

Focus will increase investment in Made-in-China.com by RMB 15 mln to support operations for Trade Yellow Pages.

According to Focus Technology's H1 2010 fiscal report, operating revenue reached RMB 138 mln, up 39.7% YoY, with revenue from value-added services accounting for approximately 40%.

Keywords: Transworld Information overseas Made-in-China Focus Technology B2B e-commerce Internet revenue fiscal report Taiwan 002315.SZ H1 2010 M&A cross-straits investment

Feedback

Sending

Disclaimer

The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

Marbridge Daily