Digital China shares jump after Reuters interview

Shares in Digital China, the country’s largest distributor of IT products, leapt as much as 11 percent on Sept. 24 after Reuters broke news that the firm aimed to grow its budding services arm through acquisitions, then float shares in the unit in 3-5 years. In an exclusive interview, the firm’s CEO said he would not follow rivals by revising down sales forecasts because of weakening global demand. The company, which competes with IBM and HP in selling IT services in China believes the country’s still-resilient tech boom is intact.