According to a source with knowledge of the situation, South Korean telecom group SK Group has sold off its Chinese B2C e-commerce site, Qianxun, to a domestic B2C website, and will announce further details of the transaction after the lunar new year.
Editor's Note: One source revealed that Chinese B2C website 360Buy had an interest in acquiring Qianxun. For more background on this topic, please see "Qianxun Denies Funding Cuts" MD 1/28/10 issue.
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