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Re: ZengaTrader post# 4

Sunday, 06/09/2013 7:51:03 PM

Sunday, June 09, 2013 7:51:03 PM

Post# of 96
Shareholders include Ceyuan Ventures (26.4% pre-IPO stake), GSR Ventures (20.6%), TrustBridge Partners (6.8%), Focus China Holdings (6.8%).

IMO, LITB is literally what you call a Ground Floor Opportunity. In 2012, it ranked number one in terms of revenue generated from customers outside of China among all China-based retail websites that source products from third-party manufacturers. It also offers its products through other high traffic online marketplace platforms such as Amazon.com, eBay.com and Taobao.com.

The company has been developing a large global customer base since the launch of its first website. The number of its customers increased from about 0.5 million in 2010 to about 2.5 million in 2012. The number of its customers was about 1.1 million in the three months ended March 31, 2013. The number of products offered by the company to its customers has increased from about 59,000 in 2010 to about 205,000 in 2012.
Its losses have been come down to about $7 million in FY 2012 from about $22 million in FY 2010. Further in first quarter of FY 13 the company has turned profitable with the profit of about $1.5 million.

Their growth is very impressive. Net revenues grew from $6.3 million in 2008 to $200.0 million in 2012. IMO, LITB will reach $20+ per share in a month or so.
http://www.nasdaq.com/markets/ipos/filing.ashx?filingid=8928410


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