Global Sources acquires Blue Bamboo China Ventures
Global Sources, a leading mainland business-to-business website, acquired Beijing-based online media company Blue Bamboo China Ventures for an undisclosed sum. Blue Bamboo chief executive Tom Melcher will join Global Sources and lead a new division focused on Global Source's mainland online media efforts.
Blue Bamboo runs websites that focus on home renovation (chinadeco.com.cn), overseas study (6xue.info), weddings (ixinniang.com, 51hunshazhao.com) and parenting (qinziguanxi.com). The acquisition is expected to be finalised in the third quarter. Sherman So
Bank of Shanghai picks Teradata for data warehouse system
Bank of Shanghai has selected business software firm Teradata, a division of United States-based NCR, to build its enterprise data warehouse system. The financial terms of the deal were not given.
The Teradata system will integrate data from the bank's core banking system, personal banking, international business and credit card information infrastructure to help the bank make better and faster decisions, more effectively manage risks, boost customer relationship management, and deploy anti-money-laundering capabilities. Bien Perez
Vimicro profit declines to US$205,000 in second quarter
