Hangzhou, 30th October: Shenzhen-listed Zhejiang Netsun, a B2B e-commerce platform, recently reported its financial results for the nine months ended 30th September 2024. The company’s revenues were US$54 million, representing a year-on-year growth of 19% from the same period of 2023.

However, the company posted a net loss of US$2.1 million, comparing with a net profit of US$2.1 million in the first nine months in 2023. The company did not comment on the loss in the reported period.

The company also announced its results for the quarter ended 30th September. Revenues jumped 41% year-on-year, amounting at US$19 million. However, the company recorded a net loss of US$1.7 million, compared with a net profit of US$518,000 in the third quarter of 2023.