e-Finance News
NAB buys Aussie

PERTH-based business software provider CCK Financial Solutions has announced it has won a deal with the National Australia Bank to provide next generation software for the bank’s Group Treasury operations.

 
ACCC stymies eBay PayPal plan

THE Australian consumer watchdog will revoke an eBay plan that would have forced all of its local customers to make payments through its in-house PayPal service.

 
CommBank’s $580m SAP deal
THE Commonwealth Bank will spend $580 million over four years with German software giant SAP to upgrade its core banking systems.
 
Whitman steps down from eBay

MEG Whitman, one of the original commercial warriors of the online world and a genuine industry legend, is to step down as president and chief executive of auction house eBay at the end of March.

 
Internet remains tax free – for now
GOODS and services sold via the Internet will almost certainly retain their tax free status after lawmakers in the US voted to approve a seven-year extension of a moratorium on online tax.
 
Alibaba conjures global B2B expansion PDF Print E-mail
ONLINE B2B marketplace Alibaba.com expects to rapidly expand the number of business suppliers joining the service from outside of China over the next three years.

And the company says its expansion plans will likely involve forming deeper relationships with offline partners, such as trade exhibition partners like CeBIT.

Alibaba.com is one of the largest online B2B marketplaces in the world. The company was founded in China, but more recently has embarked on a strategy to expand both its geographic appeal, and its supplier/buyer numbers.

Alibaba.com vice-president for global operations Kenneth Liu said that currently about 80 per cent of suppliers on the Alibaba.com marketplace were from China. But that was about to change.

“Within the next three years, you’ll see a lot more suppliers on Alibaba.com from outside China – from the US, Russia, Eastern Europe, and the rest of the Asia Pacific,” Mr Liu said.

Mr Liu joined Alibaba.com recently from the global manufacturing giant Solectron, the US company which boasts more than 180,000 employees worldwide.

Mr Liu was recruited to rapidly expand the Alibaba.com global presence. Although the company is already one of the largest online B2B markets in the world, expansion of its supplier base and the number of buyer members has been made a top priority.

The company is a strategic partner of CeBIT Asia 2007, a relationship Mr Liu said may expand in future to include other CeBIT worldwide events.

“We’re very strong online obviously, but now offline we will start to use a lot more partners (to expand our business),” Mr Liu said.

“We will definitely use trade shows. That will be one of the keys to taking our name into other geographies,” he said.

“CeBIT, because it operates in so many different geographies could become a very important partner for Alibaba.com,” Mr Liu said.

 
About CeBIT Australia

CeBIT Australia is Australasia's leading Information & Communications Technology (ICT) event for the business marketplace and covers the entire spectrum of technology and the key elements that make up the ICT products and services marketplace. This is the only Australian event where you can exhibit your products and services to a large and high level audience of business decision makers and buyers – keen to see the latest and greatest solutions available.

email: CeBIT@hannoverfairs.com.au | website: www.cebit.com.au | tel:+61 2 9280 3400 | fax +61 2 9280 1977