Feb 10, 2012
A well-positioned e-commerce industry source revealed today that Chinese B2C e-commerce site Dangdang (NYSE: DANG) and home appliance and consumer electronics retailer Gome (0493.HK) are preparing a strategic, mutually complementary partnership between their two sites to counter their mutual rival 360Buy.
The 2011 Report on Chinese Rural E-Commerce, developed by students at the Shanghai University of Finance and Economics and other institutions from a survey of 1,000 villages in 19 provinces and municipalities around China, recently found that e-commerce penetration had reached 38.4% among rural internet users.
According to a source within mobile phone TV operator China Broadcasting Corporation (CBC), China Mobile (NYSE: CHL; 0941.HK), China Central Television (CCTV), and CBC will establish a joint venture to provide an integrated platform for the entire China Multimedia Mobile Broadcasting (CMMB) mobile phone TV industry chain.
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