Friday, January 11, 2013
News this week: Hong Kong-listed B2B e-commerce company, HC International, announced this week that it intends to bid, through a company subsidiary, for a 44,000 m2 plot of land in Foshan, Guangdong province.
According to HC, operator of e-commerce platform, HC360.com, the company intends to acquire the land to build a “B2B household electrical appliances business exhibition centre.” The bidding will start at the price of US$53.8 million, with the company’s ceiling price set at US$57.0 million.
HC claims its aim is to build an additional marketing channel to provide business information and to facilitate the exchange of information for buyers and sellers. HC currently provides services through online industry-focused websites, trade catalogues and yellow page directories, and search engine services.
This post is excerpted from BSG's weekly e-newsletter which is part of our subscription research service, BSG Tracker. Visit our website to find out more about this service. You can also follow us on Twitter for all the latest updates.