China’s Alibaba.com Acquires American E-commerce Company

Alibaba.com, the listed unit of the Chinese B2B e-commerce group Alibaba, has announced that it has reached a wholly purchase agreement with the American e-commerce company Vendio.

Chinese State-owned Company Enters Internet Video Industry Sector

A representative from China Hualu Group has revealed that the video website Hualu5.com developed by its subsidiary Hualu Culture Industry Company is expected to be launched in a month.

China’s 360buy.com To Set Up Open Platform

Chinese B2C e-commerce website 360buy.com plans to set up a third-party open platform to improve its services.

Official Taian Mount Tai Travel Website Adds Japanese And Korean

Sponsored by Taiwan Tourism Administration, the China Taian Mount Tai Travel Information Website taian.travel has launched its Japanese and Korean versions targeting major inbound tourist source markets of Taiwan: Japan and South Korea.

China’s Alibaba Establishes Small Loan Company

Chinese B2B e-commerce group Alibaba has established a small loan company in Zhejiang to provide loans below CNY500,000 to its sourcing and procurement clients in Zhejiang.

Baidu, Rakuten’s Joint Website Launched In China

The B2B2C joint venture established by the Chinese search engine company Baidu and the Japanese e-commerce operator Rakuten has announced that it has formally adopted the Chinese name “Le Ku Tian” as the brand name of its online service platform Rakuten.com.cn, which is currently opened to e-commerce vendors for registration.

Taobao.com Enters Chinese Online Travel Market

China’s largest retail website Taobao.com announced that its online travel channel Tao Lvyou has gone officially online, marking Taobao.com’s entry into the Internet tourism and business travel market.

GreenTree Inn Cooperates With Expedia

Chinese budget hotel chain GreenTree Inns Hotel Management Group announced it has established a partnership with Expedia, the world’s largest online travel company.

New E-commerce Rules: China Will Implement Real-name Registration For Internet Stores

The State Administration for Industry & Commerce of China has formally published the “Interim Measures for Management of Network Commodity Trade and Related Services”, effective from July 1, 2010.

Taiwanese Udn.com To Tap E-commerce Opportunities

According to reports in Taiwanese local media, Udn.com, the official website of the island’s well-known news media United Daily News, has cooperated with Gohappy.com.tw, the online shopping website owned by Far Eastern Group in Taiwan, in the launch of a shopping channel.

SFDA Exposes 30 Illegal Chinese Drug Selling Websites

China’s State Food and Drug Administration has published a bulletin in which it exposes 30 websites that have been allegedly selling fake medicines.

Shanxi Taiyuan Adopts Tourism E-contract

Taiyuan, the capital city of Shanxi province, has become the first Chinese city to promote tourism electronic contracts.

Zhejiang Introduces Rural Tourism Website

Zhejiang province’s first comprehensive Internet platform focusing on rural tourism, zhejiang.com.cn, has been formally launched.

Kuxun.cn Announces Cooperation With Kaixin001.com

China’s leading travel search engine Kuxun.cn announced it has reached a strategic cooperation with Kaixin001.com, the famous social networking service provider in China, saying the two will work together to expand online travel business opportunities.

China’s Alibaba.com Net Profit Up 33.8% In Q1 2010

Chinese B2B e-commerce company Alibaba.com has published its financial report for the first quarter of 2010, stating that its registered members, operating revenue, and profit saw overall increases.

Internet Travel Services In China Propel Ctrip.com Higher

Chinese online travel and e-commerce services firm Ctrip.com International Ltd. announced its unaudited financial results for the first quarter ended March 31, 2010, and stated it had total revenues of CNY627 million, representing a 46% increase from the same period in 2009 and a 4% increase from the previous quarter.

Taobao.com, Yahoo Japan Reach Strategic Cooperation

Taobao.com, the Chinese Internet shopping website owned by Alibaba Group, and Yahoo Japan, which is held by Japan’s Softbank Group, have reached a strategic cooperation deal.

Ctrip.com Builds Second Call Center In Nantong

Ctrip.con announced its CNY200 million Ctrip Information Technology Building in Nantong has completed construction and will be operated as the company’s second call center with 12,000 seats, which is said to be the largest call center in the world’s tourism industry.

China’s Taobao.com Produces New Front Page

Taobao.com, the Internet auction and shopping website owned by the Chinese B2B e-commerce group Alibaba, has launched a new streamlined homepage.

Alibaba.com, UPS Form Strategic Logistics Alliance

Aliexpress.com, the newly launched Internet wholesale e-commerce subsidiary of the Chinese B2B e-commerce company Alibaba.com, and the international logistics giant UPS have recently formed a strategic alliance.

Alipay.com, MasterCard Reach Online Payment Deal For Greater China

Chinese third-party Internet payment platform Alipay.com has inked a cooperation deal with the international credit card organization MasterCard, to officially launch payment services with MasterCard in Hong Kong, Macau, and Taiwan.

Ctrip.com Buys Sozhen.com To Expand Chinese Internet Travel Business

Chinese online tourism website Ctrip.com has reportedly acquired Sozhen.com, a website focusing on ancient Chinese town travel.

Baidu, Rakuten’s JV Formally Launched In Beijing

Three months after Baidu’s announcement of its plan to set up a joint venture with the Japanese e-commerce operator Rakuten, the JV was formally founded in Beijing’s Tongzhou district last week.

ICBC, Ping An Insurance Sign E-commerce Cooperation Agreement

Industrial and Commercial Bank of China and Ping An Insurance (Group) have signed an e-commerce strategic cooperation agreement to implement business cooperation in related areas.

Overseas Hotel Reservations Now Available On China Southern Portal

China Southern Airlines Company Limited has introduced an overseas hotel reservation service on its portal csair.com to provide one-stop ticketing and hotel booking services for Chinese outbound travelers.

Alipay Gains CNY5 Billion To Attract Top Talent In China

Chinese online payment provider Alipay is receiving a CNY5 billion cash infusion to help the company expand its e-commerce business.

Alibaba.com Unveils New Services For E-commerce In China

To handle the post-crisis credit problems of Chinese small- and medium-sized enterprises, Alibaba.com, the listed unit of the Chinese B2B e-commerce group Alibaba, has launched an entry-level service tool for corporate credit construction and e-commerce.

Ctrip.com Launches Mobile Website

After a half-year trial operation, Ctrip.com has launched its wireless mobile website m.ctrip.com. Consumers now can log on to the site via their mobile phones to book hotel rooms, buy airline tickets, and manage personal information.