Profile of China Finance Online

Date: May 22, 2011
Pages: 15
Price:
US$ 350.00
Publisher: Business Strategies Group
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)
ID: PA61A148A85EN
Leaflet:

Download PDF Leaflet

Profile of China Finance Online
Company background

This is an updated edition of the original report which was published in February 2009.

China Finance Online (CFO), founded in 1999, provides institutional and individual subscribers with financial news, data and analytical tools covering Chinese bonds, mutual funds and publicly-listed companies. The company has developed a software platform which enables their subscribers to use analytical and personal finance tools online.

CFO’s registered users base and paid user base both continue to post significant double digit growth. CFO’s registered users rose from 14 million at the end of 2009 to 20.2 million at the end of 2010 – an increase of 44%. The active paid subscriber base also increased year-on-year by 32% rising from 117,900 to 156,000.

CFO subscribers have access to:
  • Real-time stock quotes
  • Historical financial data covering listed companies, bonds and mutual funds
  • Financial news articles
  • Research reports
  • Online forums and bulletin boards
CFO provides real-time stock quotes from both the Shanghai Stock Exchange and Shenzhen Stock Exchange. In addition, news feeds from well over 200 publishers and media firms are made available to the company’s subscribers.

CFO competes with other business data and news providers. Business publishers and distributors of traditional media such as China Securities Journal, Shanghai Securities News, International Times and 21st Century Business Herald compete with CFO. CFO also competes with Internet portals providing business, finance and investing information such as Sina and Sohu.com. Purely financially-focused websites such as Hesun.com are also competitors. Personal stock research software vendors, such as Shanghai Qian Long High Tech Corporation, compete with some of CFO’s downloadable products. The acquisition of Daily Growth Securities in 2007 also put CFO in competition with a variety of brokerage firms in Hong Kong and to a lesser degree in China.

For the year ended 31st December 2010, CFO recorded revenues of US$60 million, an increase of 11% over revenues of US$54 million recorded in 2009. Net income attributable to shareholders in 2010 was US$2.0 million, compared to a loss of US$6.2 million in 2009.
COMPANY BACKGROUND

COMPANY HISTORY - KEY MILESTONES

RECENT DEVELOPMENTS IN CORPORATE STRATEGY

KEY PRODUCTS AND MARKETS

MAJOR COMPETITORS

PUBLISHERS AND DISTRIBUTORS OF TRADITIONAL MEDIA

INTERNET PORTALS

PERSONAL STOCK RESEARCH SOFTWARE VENDORS

STOCK BROKERAGE COMPANIES

FINANCIAL DATA (AS OF 3 MAY 2011)

FUTURE DEVELOPMENTS

SENIOR MANAGEMENT

CONTACT INFORMATION


FIGURE 1: STOCK PRICE PERFORMANCE OF CHINA FINANCE ONLINE, NASDAQ INDEX AND BSG B2B MEDIA INDEX
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