Daily Digital Pulse Of China: Decanter, Alibaba Yahoo
Decanter Taking The Chance With Chinas Growing Alcohol E-Commerce Market
Beijing-based Analysis International sees an estimate of 3,7 billion RMB total B2C sales for 2012, which will rise to 13 billion RMB for 2014. UK-based wine supplier Decanter, has also seen this potential, since in May, there were more Chinese visitors on their English website, than from the US or the UK. As a reaction, the company has just launched their Chinese website decanterchina.com, while their also hosting the Decanter Asia Wine Awards in Hongkong.
Source: Jing Daily
Ali completed $7.6 billion repurchase program
Alibaba Group announced the completion of Yahoo!'s $7.6 billion share repurchase program. The initial repurchase of shares represents one half of Yahoo!'s 40% stake in Alibaba Group. Under the terms of the agreement, Alibaba Group has the right to repurchase one-half of the remaining Yahoo! stake in future. Jack Ma, CEO of Alibaba Group said: "The completion of this transaction begins a new chapter in our relationship with Yahoo!".