Purchase order

Hongkong.com chief executive John Xiao says the company is aggressively looking for acquisition opportunities and has cash on hand of $1.3 billion.

'We feel it is more important to invest in the fast-growing internet market rather than delivering a dividend,' said Mr Xiao. The Growth Enterprise Market-listed online media firm said yesterday that its net profit increased 287.4 per cent last year to $105.14 million on turnover of $187.66 million.