Trade Resources News & Press Release Focus Technology is formally launching the asset acquisition of Wenbi International-first cooperation in B2B field between mainland and Taiwan

Focus Technology is formally launching the asset acquisition of Wenbi International-first cooperation in B2B field between mainland and Taiwan

Focus Technology Co., Ltd.(stock code: 002315) is a pioneer and leader in the field of B2B e-commerce in China. It officially announced that it had made an agreement of asset acquisition on Wenbi International Co., Ltd. on September 15, 2010. Thus, the first cooperation in B2B field promoted by Focus Technology is declared to start. It was reported by Focus Technology that the asset acquisition on Wenbi International was according to the principle of regional advantage and complementary advantage. As a native e-commerce company in Taiwan, with more than 35 years professional experience, Wenbi attracts much attention of suppliers in Taiwan and buyers all over the world. Wenbi is publishing Magazines - Wenbi Purchasing Guide and Trade Yellow Pages with a very professional and unique view, and operating the website(http://www.ttnet.net/), which is the largest B2B platform in Taiwan. Founded in 1996, with more than 12 years international B2B platform operation experience, Focus Technology(the operator of Made-in-China.com)ranks in the top three in e-commercial field in mainland. By this acquisition, the two companies can share the mutual customer resources, human resources and promotion resources, and satisfy the need of promotional diversity from suppliers. The result of this acquisition is it can bring more buyer resources to mainland suppliers and open up the buying/selling channel for Taiwan suppliers. In a word, it breaks up the communicating barrier between suppliers in mainland, Taiwan and international buyers. Analysts believe that: acting after the signing of economic cooperation framework agreement (ECFA) between mainland and Taiwan, this acquisition is the perfect reflection of good economic business relationship between two area. With the path of more cooperation, resources consolidation and adjustment in economic field obviously will attract much attention, derive from much non-capital interests, and promote bilateral cooperation to create a both wining situation. Superintendents from both sides said that they would take advantage of the "honeymoon period" to promote the exchange and integration of corporate culture. The target is resources integration and advantages complementarity. At present, the strategic significance of the acquisition has emerged.

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