InternetNews Staff

Online media company LibertyOne has taken a AUS$4.4 million (US$2.7 million) stake in Chinese trade portal chinaproducts.com. LibertyOne, the online media group, said the Chinese business will establish a portal to service for more than 100,000 medium-to-large sized businesses throughout mainland China, designed to promote and increase the Chinese export market. LibertyOne will take a […]

Outsourced e-business solution provider NetSales Inc. secured $31.75 million from a group that includes Norwest Equity Partners, Time Warner, The Chase Manhattan Corporation, Wells Fargo & Co. and Advanta Partners. The investment “further validates our approach and the need in the middle market that we’re targeting,” said Robert Fraser, NetSales founder and chief executive officer. […]

IBM Corp. carried away another partner in its enterprise wave Friday by adding Corechange, Inc. to its PartnerWorld for Developers Program, a worldwide program supporting developers who build solutions using IBM technologies. The first stage of this partnership will be the integration of Corechange’s unique flagship product, Coreport, with IBM’s enterprise information portal offering. IBM’s […]

Shares in Lastminute.com were Friday given a modest fillip with the announcement that it has signed a content deal with U.S-owned cable operator NTL. Though the online travel retailer floated only at the start of this week, making instant paper millionaires of its founders Brent Doberman and Martha Lane Fox, it has since had a […]

Jewelry and furniture sales grew in February, while traditional categories, including books, music, and software hit a lull, according to the latest figures from the NRF/Forrester Online Retail Index. The index is produced by the National Retail Federation and Forrester Research Inc. in conjunction with Greenfield Online. “Valentine’s Day was a big reason why consumers […]

Deloitte Consulting formed a strategic alliance with e-business software company Personify Inc. to help online businesses increase profitability through better understanding and interaction with customers. Deloitte Consulting made an unspecified multimillion dollar investment in Personify and will be a preferred integrator. Deloitte Consulting and Personify said they will provide e-business solutions to companies doing business […]

France Telecom and FVC.COM announced Thursday their intention to bring out an IP-based video player that will enable two-way video for PC users. The software-only player is expected to be dramatically less expensive than today’s hardware equivalents, yet deliver comparable performance. It will be used for chat and conferencing over the broadband Internet at speeds […]

Borders Group Inc. Wednesday selected Bluestone Software Inc.’s Sapphire Web application server to power its e-commerce systems. Borders Group (BGP) said its primary objectives were to improve its systems’ capabilities in the critical areas of scalability, failover, fault tolerance and overall infrastructure. In beating out a group of over 25 candidates, Bluestone’s Sapphire tool (BLSW) […]

Net stocks continued their downward slide, even though the Dow Jones industrial average saw its largest one-day gain in almost two years. At the close, internet.com’s Internet Stock Index dropped 53.75, or 5.24 percent, to 972.05, the Nasdaq Composite sank another 123.95 to 4582.68 and the Dow Jones industrial average spurted 320.17 to 10131.41. Yahoo! […]

Generation Y destination and e-commerce site operation Alloy Online Inc. (ALOY) entered into a financial and strategic partnership with Liberty Digital Inc. in a deal valued at about $54 million. Liberty is an interactive television company with investments in related companies, as well as its own Internet content and infrastructure. Liberty Digital will receive approximately […]

Universal Music Group and BMG Entertainment went global Wednesday with the international expansion of GetMusic LLC, the duo’s online music content and commerce joint venture. The multiple-year commitment will expand the Internet content and commerce destination from the U.S. to markets in Europe, Asia and Latin America. GetMusic will customize its overseas offerings with country-specific […]

Internet media group LibertyOne has entered into an agreement with US Internet company PrivaSeek to develop an Asia-wide broker of users’ personal information. LibertyOne will own an 80 per cent stake in the joint venture, contributing up to AUS$30 million (US$18 million) in debt funding in the immediate future to establish the business in Asia. […]