Tuesday, August 23, 2005

HC International Sells Zhongsou Shares

China Knowledge reports on another deal among the increasingly ambitious Chinese b2b dotcoms as HC International Sells 42.5% of its Zhongsou.com subsidiary. The $4.74 million sale to financial investors seems rather more rationally priced than the Alibaba.com sale to Yahoo and baidu.com listing but we shall be keeping an eye on this interesting company. It's hc360.com site now ranks as #2 in our ranking of Asian b2b web sites.

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