Global Sources, HC360 Merging To Challenge Alibaba
From Pacific Epoch:
"Business-to-business companies Global Sources (Nasdaq: GSOL) and HC International on August 14 announced plans to merge in mid-2007, reports China Business News. HC International operates the B2B website HC360.com.
HC International Guo Fansheng said that the consolidated entity will exceed Alibaba in terms of market share with a 43 percent share."