China E-Commerce
Rumour: Alibaba-Sina Weibo Deal Stalled
Rumour has it today, that Alibaba’s (Chinese e-commerce giant) plan to buy a 15 to 20 percent stake of Sina Weibo (China's biggest microblogging service) has come to a standstill. With rumours spreading around, it is said the reason of this standstill is because the Weibo team wants more money than what Alibaba had to offer.
Source: Tech In Asia
China E-Commerce
China's 360buy.com Unveils Digital Music Services
Chinese B2C e-commerce website 360buy.com announced the launch of its new digital music zone, which is the company’s latest digital business following areas covering e-books, e-magazine, and multimedia books. 360buy.com had also said it will launch a subdomain Music.360buy.com for this new music business.
Source: China Tech News
China E-Commerce
Tencent to Ditch “QQ” Brand?
Tencent’s QQ brand might have been the first household name that emerged from the web, but its slowly poor result in e-commerce market, and may see itself being ditched by Tencent but remains to keep 51Buy as according to Chinese business site 21CBH, 51Buy is doing well in this tough industry, generating daily sales revenue of RMB 20million (US$3,2 million).
Source: Tech In Asia
China E-Commerce
Baidu, Qualcomm Team For Android Cloud Services
Chinese search engine company Baidu Inc, announced that it will cooperate with Qualcomm to promote Baidu cloud services on Android devices. The cloud services offered by Baidu will include 15gb of cloud storage space for one year, and another 15gb of storage for the lifetime after they activate Baidu’s cloud services.
Source: China Tech News