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