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Through EBX, Batista controls companies spanning from mining, shipbuilding, energy, logistics, tourism and entertainment.
FORBES: Billionaire Eike Batista's Stocks Drop, But Batista Aims to Expand His Reach
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So Glassbook, based in Acton, Massachusetts, is working on Electronic Book Exchange (EBX) -- a standard covering this area.
CNN: Microsoft pushes electronic book standard
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According to Penang Netpreneur Chan Hong Saik, who runs B2B Internet solutions group Ebx.com, numbers like that mean that the term "e-commerce" will soon be redundant.
CNN: ASIANOW - TIME Asia | Asia Buzz: Let's Lose the Prefix