Focus Tech.(SZ:002315)2022-12-06 23:46Group 1: Business Transformation and Strategy - The company is transforming its main business, Made-in-China.com, from an information matching platform to a comprehensive cross-border service platform [1] - In 2013, the company established a subsidiary in the U.S. to explore the market, facing challenges due to cultural differences and lack of resources [1] - By 2016, the U.S. subsidiary was renamed InQbrands Inc., focusing on incubating brands and helping Chinese enterprises develop international brand strategies [2] Group 2: Acquisitions and Market Position - The company acquired DOBA, a leading U.S. drop shipping platform, to leverage its brand influence and extensive buyer resources despite DOBA's previous operational challenges [2] - The acquisition aims to enhance the company's promotional channels in North America by integrating quality suppliers from Made-in-China.com with DOBA's buyer network [2] Group 3: Insurance Sector Innovations - The company is establishing an online property insurance company to design market-relevant insurance products, aiming to increase purchase frequency and improve user engagement [3] - The new service "省心赔" offers real-time reporting and claims processing, significantly reducing the traditional insurance claim cycle [3] Group 4: Educational Technology Initiatives - The company has developed an interactive classroom product for kindergartens and primary schools, with over 380 classrooms equipped and more than 300 actively using the product daily [4] - The educational technology initiative faces challenges in promotion due to the separation of users and decision-makers in purchasing processes [4]