Focus Technology, operator of the B2B sourcing platform Made-in-China.com, reported revenues of US$32.3 million in the quarter ended 31st March 2020 – which is a modest decrease of 3.4% compared with the same quarter in 2019.
Its subsidiary Made in China posted a loss of US$2.86 million, compared with a profit of US$9.2 million recorded last year. Focus Technology’s management attributed the loss to increasing costs affecting all aspects of its operations.
As of 31st March, Made-in-China.com reported that it has a total of 18,530 registered members on its English-language and Chinese-language platforms – a number that has remained consistent (and low) for many years.
Source: Focus Technology (Chinese)
Editorial Comment: BIIA tracked the company as part of its monitoring of online sourcing platforms. Made in China.com ‘never made it’ against Alibaba. It is surprising that this company is still in business.