AUSTRALIA’S M2M SETTLES JOINT VENTURE WITH CHINA’S BAIPAN TECHNOLOGY
January 17th 2008 05:27
m2m Corporation Ltd, through its Hong Kong subsidiary, Starband Communications Ltd it has formally settled a joint venture with Baipin Technology Co Ltd, to increase sales and distribution of internet related services in China.
Baipin, a newly formed company, is a spin-off from an existing marketer of internet related services in Beijing. Baipin, which is based in Beijing, will market exclusively a range of products and services for Starband under a generic brand for the Chinese market.
Michael So, ceo of m2m, said “We are very pleased with the launch of this joint venture. Our strong portfolio of internet products suites will leverage off our joint venture for expansion into China and will help us attain an economically significant share of this expanding market.”
Baipin is planning to launch the internet-based services in February 2008 once completion of the Chinese eCommerce portal is reached.
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