360Buy signed a 100 billion agreement with mobile phone manufacturers
360 Buy signed a 100 billion yuan procurement agreement with more than 20 mobile phone manufacturers like Nokia, HTC, Huawai etc. The agreement is determined for 3 years. 360 Buy's phone category accounts 70% of the import and B2C e-commerce market share and continues to grow. For this year the annual sales of their phone category is expected to exceed 10 billion yuan.
Chinese sovereign wealth fund takes $2 billion shares in Alibaba Group
Yesterday Alibaba Group announced the completion of Yahoo!'s share repurchase. Today China Investment Corp. (CIC) invested about $ 2 billion in the e-commerce giant. The Chinese sovereign wealth fund has about $ 410 billion in assets and was advised by Citigroup.
Source: IT Feed
Social Media Week Shanghai 2012
From the 24th to the 28th of September next week, the Social Media Week 2012 will take place in Shanghai. If you want to get up-to-date information about how you can make your business more successful through platforms as Sina Weibo, or Renren: this is the place to be!
Facts About China's Internet Speeds [Infographic]
An infographic released by content delivery company ChinaCache shows, how China's Areas are performing in terms of internet speed. Furthermore, the stats show how speeds vary due to daytime, since there aren't always the same amount of users surfing.
Source: China Web Report