Press reports suggest that Ninetowns Internet Technology Group Company Limited has laid off 140 staff in its B2B division. According to 163.com, the company will be closing its search engine division.   As reported by Business Strategies Group, Ninetowns acquired B2B search engine Yaphon earlier this year for US$27 million. Its tootoo.com B2B site is a relatively small competitor to Alibaba.com and HC360.com. Sources: 163.com/Pacific Epoch –  Business Strategies Group, Hong Kong  www.bsgasia.com

BIIA Newsletter July – 2007 Issue