Alibaba and the 2000 VCs

China Tech News reports:
Chinese e-commerce provider Alibaba has announced an initiative to launch an online platform to help small and medium enterprises in China solve their difficulties in receiving financing.
Reportedly launched on May 15, the platform has established close relationships with more than 2000 venture capitalists from home and abroad. Alibaba says it will transfer [...]

Dell Now Going to Virtual Malls in China

China Tech News reports:
Dell has has also just set up its first flagship store on Taobao.com.
This is the first time that a computer manufacturer has ever set up an online store in a B2C Chinese website like Taobao.com.
Sun Weilun, marketing director of Dell Greater China’s Individual Client Department, says that the opening of the new [...]

Lenovo Online: Dipping a Toe in the Water

Marbridge Daily reports:
Beginning January 9, Lenovo (0992.HK) has begun making a group-purchase model available to small- and mid-range enterprise Alibaba members. The program is available in 14 cities including Beijing, Shanghai, and Guangdong.
The move has once again aroused speculation as to Lenovo’s strategy for B2B and B2C online sales, but a source at the company [...]

Lenovo Goes for Online PC Retailing

China Tech News reports:
Ma Chong, general manager of Lenovo Greater China’s Commercial Desktop Computer Marketing Department, says that Lenovo has noticed that online selling is taking a larger proportion of its sales and the company is discussing plans on recruiting some online agents for its PC products.
…Ma discloses to Chinese media that Lenovo is negotiating [...]

Cisco in China: I’d Like to Put US$16 Billion on Red, Please

Shanghai Daily reports that Cisco is planning to invest US$16 billion in China over the next three to five years.
Some details:

- A memorandum of understanding with Alibaba to promote networking services for SMBs
- A doubling of China-based manufacturing
- A joint US$100 million investment with China Development Bank for venture capital for Chinese businesses
- Training and [...]