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Source: Telstra – A Telstra technician cuts a cable Telstra is expecting to boost its profits as much as $150million this year by selling its 51% share in Chinese online real estate business – SouFun. But the profit is not yet certain and there is considerable confusion around Telstra’s Chinese online investments. Even so, Click on the title to read more Telstra expects $150million China profit boost from Soufun IPO. Chinese Internet giant, Tencent Holdings Limited, has announced more record high numbers for both profits and users in the first quarter of 2010. The Hong Kong listed company reported gross profits of $US424.5million for the first quarter of 2010, up 14.6% on the previous quarter. User numbers for the company’s market leading internet messaging (IM) Click on the title to read more Chinese Internet giant – Tencent – reports $US424 million gross profit in first quarter of 2010 The numbers are so big that they are staggering. And, at first blush, a little hard to believe. But China’s population is so large, and its growth so rapid that it is sensible to first, believe, and later ask questions.That’s our immediate reaction to the news that Click on the title to read more Chinese B2B ecommerce grew 26% last year Australian ecommerce was the subject of a briefing given to a delegation of senior officials from the Henan Provincial Administration (China) in Melbourne today, Wed 2nd Sept 2009. Stewart Carter, eCommerce Report editor and chairman of the Australian eCommerce Network, was the lead presenter for the bi-lingual briefing, and was ably assisted by Mandarin translator, Click on the title to read more Australian eCommerce briefing for Henan Provincial Administration (China) |
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