Hangzhou, 30th August: Last month, Shenzhen-listed Zhejiang Netsun, a B2B e-commerce platform, released its financial results for the six months ended 30th June 2024. The company’s revenues were US$34 million during the period, representing an increase of 10% over the first half of 2023.

However, the company posted a loss of US$421,000 in the first half of 2024, compared with a profit of US$1.6 million in the first half of 2023. The company attributed the loss to more than expected credit impairment losses.