BGN Entrepreneur

360buy, the largest web-based retailer in China selling a wide range of goods to Chinese consumers online, is currently counting on an expansion into western markets to bolster profitability for the company overall as the company is squeezed by intense competition on the domestic market.
360buy, accounting for 27.% of the transaction volume on Chinese websites that conduct online transactions themselves, looks to generate annual revenues of $100m within two or three years, which would be the break-even point for the international business.

Related posts:

1. HSBC Targets Cross-selling Revenue Boost
   According to the UK-listed bank–HSBC, it is announced that the...
2. Turbulent Markets Derail EMI Sale
   According to people close to the case, it is indicated...
3. VW Stands by ‘Ambitious’ Targets
   The German Auto manufacturuer–Volkswagen has confirmed its full-year outlook of...
4. UBS Scraps Earnings Targets
   The Swiss group–UBS, which is among the banks hit the...
5. Aeromexico IPO Targets $227m
   Mexico’s biggest airline–Aeromexico, may raise as much as $227m in...