Focus Technology, operator of the B2B sourcing platform, 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, 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 ‘never made it’ against Alibaba.  It is surprising that this company is still in business.