Saturday, March 21, 2009

Tootoo dances off stage

I'm not sure what possesses perfectly good Chinese B2B online sites to choose names which sound completely half-witted in English, but quite a few of them have. Ninetowns is an interesting business with various arrows in its quiver. The completely daft-sounding is not going to be one any longer according to this PR Newswire press release.

Competing with the market leaders such as Alibaba, Global Sources and is not, of course, easy. Our most recent ranking of B2B media sites in the region showed that had slipped a further two places from 18 in February to 20 in March.

This sentence in the press release is very telling: "the discontinuation of the B2B business is not expected to have a material financial impact on Ninetowns' other business solutions". Ouch! Nice idea, but not much in the way of revenues.

Another one bites the dust.


SEMFO Project said...

So what about my Blog

Unknown said...

come on man this too funny title of this topic. Food Intolerance Cure