Tuesday, August 15, 2006

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."

China's B2B Market Reached RMB 1.26 Billion in 2005
Rivalry between eBay and its Chinese Competitor Alibaba Heats up


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