HC’s revenues up 10% in 2023

Hong Kong, 26th March: HC Group, an online B2B information services provider in China, reported total revenues of US$2.3 billion for the year ended 31st December 2023. This represents an increase of nearly 10% year-on-year.

Despite the rise in revenues, the company’s net loss widened from US$33 million in 2022 to US$239 million in 2023. The company attributed the loss to a write-off of goodwill and intangible assets related to its technology business as well as a loss from discontinued business operations.