Hong Kong, 31st March: SEEC Media, a Chinese B2B media group, has also recently released its financial results for the year ended 31st December 2022. Total revenues in the year were US$9.4 million, increasing 7.0% year-on-year. The company’s loss increased to US$11 million in 2022, compared with a loss of US$5.7 million in 2021.

More than 68% of SEEC’s revenues were generated from its advertising services & sales of books & magazines segment, amounting to US$6.4 million. This represents a year-on-year increase of 36%. The next largest business segment was SEEC’s securities broking services which generated revenues of US$1.1 million, accounting for 11% of total revenues. That segment recorded a drop of 26% compared with the previous year.