It's been a while since a straight Asian B2B deal has made real headlines. Even last year's Yahoolibaba! deal attracted reporters more because of the B2C and C2C elements of the business.
We note today a Bloomberg piece in the International Herald Tribune. Nothing too new there although the suggestion that Alibaba's market share of domestic B2B in China is 60% while Global Sources has 21% and HC 17% are interesting.
It also includes a slightly dyspeptic quote from Porter Erisman at Alibaba.com: ""When you bring together two second-place finishers, it doesn't create a winner," he is quoted as saying. Surely they haven't been rattled by this deal?
I missed this evening's webcast of the investor phone in with Global Sources' Merle Hinrichs but it is available here for those who are keen to hear it.
Wednesday, May 31, 2006
Global Sources/HC deal hits the headlines
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