20th Aug 2007
China Telecom spins off Directory Business
China Telecom has announced that they will separate their directory business from their Telecom unit. The spin off will receive $47M in capital and be run by the head of the China Telecom Shanghai division. No information on ownership structure was disclosed, in fact China Telecom has made no official announcement on the spin off. A variety of mainstream Chinese media are covering the spin off so its expected to be reliable.
The spin off news follows a partnership earlier this year with Google to sell advertising on the directory sites and with Microsoft to provide search functionality for the sites. A a minimum China Telecom appears to be setting up the directory business to grow independently of its Telecom service group. The Telecom service grow is starting to slow but the Business Directory business should be in a good position to grow, especially with partnerships with Google and Microsoft.
China Telecom has announced that they will separate their directory business from their Telecom unit. The spin off will receive $47M in capital and be run by the head of the China Telecom Shanghai division. No information on ownership structure was disclosed, in fact China Telecom has made no official announcement on the spin off. A variety of mainstream Chinese media are covering the spin off so its expected to be reliable.
The spin off news follows a partnership earlier this year with Google to sell advertising on the directory sites and with Microsoft to provide search functionality for the sites. A a minimum China Telecom appears to be setting up the directory business to grow independently of its Telecom service group. The Telecom service grow is starting to slow but the Business Directory business should be in a good position to grow, especially with partnerships with Google and Microsoft.
Posted by colin under
Directory, Launch
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Ebay’s
Seattle based
Yourlist.com has launched a free classified site which seems to be targeted at Craigslist. The site features free listings for most categories except for employment which carry a $15 charge. The site is focused on providing a safe and secure site for buyers and sellers to meet. This seems to be tried to make this process as easy as possible at a very price point. Users can search for classified listings in their city or with a radius of their zip code. The site is currently only available in the US and most major cities. There is currenty very little content and with all other free classified sites available I think they will have a hard time building up content. To help with build content the site is giving away an Apple iPhone monthly through a random draw of advertisers.
