BIIA Member BSG published its fifth report on Asian B2B online media. The report tracks the financial performance of the top Asian B2B media companies that are publicly-listed or publish reliable financial figures.  The following is a summary of the major players:

Baidu, the rapidly growing Chinese search engine, surged past Alibaba.com, Pico and Xinhua Finance to seize the number one ranking in terms of revenues. Baidu posted revenues of US$469 million in 2008 compared to US$240 million the year before.

Second place is held by Alibaba.com, another company with fast growing revenues. Alibaba.com recorded revenues of US$440 million in 2008 (vs. revenues of US$298 million the year before).

Hong Kong-listed Pico Far East generated revenues of just under US$340 million or if the business of its Thai subsidiary is included in the total, Pico had revenues of US$369 million. 

Fourth place is held by Xinhua Finance with revenues US$279 million, while Global Sources ranked fifth with revenues of just under US$207 million. It is important to note, however, that over the last year Xinhua Finance has sold off many of its key subsidiaries. As a result of those asset disposals, Xinhua Finance’s management is now forecasting 2009 revenues to plummet down to US$34 million. Consequently, in the next edition of this report, BSG expects Global Sources to move into fourth place.

To order this report contact Kerry Wong, Researcher Kerry@bsgasia.com (Business Strategies Group, Hong Kong)

BIIA Newsletter July – August 2009 Issue