Press reports suggest that Ninetowns Internet Technology Group Company Limited has laid off 140 staff in its B2B division. According to, 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 B2B site is a relatively small competitor to and Sources: Epoch –  Business Strategies Group, Hong Kong

BIIA Newsletter July – 2007 Issue