Expert Profile
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David Wei
Since October 2007, chief executive officer and executive director of Alibaba.com;
From November 2006 to September 2007, president of Alibaba.com and executive vice president of Alibaba Group;
From 2002 to 2006, president of B&Q China, a subsidiary of King
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Sourcing In China

To ensure the intermediary and the follow-up of your purchases in China: Search for supplier, factory auditing, negotiation, sampling, production follow-up, quality control, logistics
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Facts & Figures In China
China's online payment market reached 555 billion yuan ($81.4 billion) in 2009, up 135.6 percent from 2008. The market has been growing at more than 100 percent annually since 2005. According to industry experts, there are more than 100 online payment companies in China till 2010. Alipay.com Co Ltd is the largest online payment company in China, having a 52 percent share of the market in 2009, followed by Tenpay, an online payment unit of Tencent, with 24.7 percent.
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| Lenovo To Release New Gaming Computers |
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Computer maker Lenovo Group announced its plan to introduce a series of new gaming computers in the coming months, as the company decides to focus on the serious gamers who are expected to reach 100 million by the end of this year. The move is expected to widen its presence in the gaming computer market and consequently increase its sales.
"Although game players accounted for just 15 percent of China's PC users, they are more sensitive to the latest technologies and are often the opinion leaders among their families and friends," said Liu Jie, Lenovo’s vice-president. "We hope to establish a good brand image in these consumer groups and drive sales of our other product lines through their support." According to Liu, Lenovo's gaming computers, which are mainly sold between 4,000 yuan ($585.2) to 7,000 yuan, accounts for 17 to 20 percent of the company's total sales. He said the gaming computers can be desktops, laptops and all-in-one computers, which shall be available in the following months. Global PC shipments has dropped by 7 percent during the first three months of 2009, according to figures from research firm IDC. The world's major PC makers strive to release new products to improve consumer demand for technology products. Dell, for example, launched earlier this month a high-end game laptop Alianware M17, priced at $1,399, in an effort to tap serious gamers. Liu said Lenovo's gaming computers would target mainstream consumers. The company also spent about 10 million yuan this year to support the resumption of the International Electronic Sports Tournament (IEST), an annual computer game competition that Lenovo started in 2006 but suspended last year because of the Olympic Games. |
Latest China News
| NetEase Second-Quarter Profit Rises 3.8% as New Online Games Win Customers
2010-09-01 High Tech - Computer - Softwar |
| Lenovo Posts $54.9 Million Profit, Missing Estimates, on Cheaper Products
2010-09-01 High Tech - Computer - Softwar |
| Alibaba.com Eyeing Acquisitions In Coming Quarters
2010-08-17 High Tech - Computer - Softwar |






