China’s Alipay Launches New Open Platform Model

Alipay, the third-party Internet payment subsidiary of Alibaba Group in China, has announced the launch of a new strategy to open its platform to external service providers.

Revenue Declines For Shanda Games’ Online Fun In China

Chinese online game developer and publisher Shanda Games Limited today announced its unaudited consolidated financial results for the third quarter ended September 30, 2010.

New Acquisition By Alibaba.com Strengthens Its Logistics Services

Chinese business-to-business e-commerce firm Alibaba.com Limited has entered into an agreement to acquire Shenzhen One-Touch Enterprise Service Limited, a provider of one-stop services for exporters in China, for an undisclosed sum.

Chinese Online Consumers Among Most Powerful In The World

Italy-based Translated unveiled an index showing that Chinese netizens rank among the highest in the world in their cumulative online purchasing power.

Internet Travel Profit Drops In China At eLong.com

Net income dipped sharply for Chinese online travel service provider eLong Inc. as it reported its unaudited financial results for the third quarter ended September 30, 2010.

Chinese Internet Real Estate Company Posts Quarterly Numbers

China Real Estate Information Corporation, an online real estate information service in China, announced its unaudited financial results for the third quarter and nine months ended September 30, 2010.

Internet Job Ads In China Push 51job To Increased Profit

Chinese online recruitment firm 51job Inc. announced its unaudited financial results for the third quarter of 2010 ended September 30, 2010.

Ctrip.com Posts Q3 China Internet Travel Financial Results

China’s top online travel website Ctrip.com International Ltd. today announced its unaudited financial results for the third quarter ended September 30, 2010, and stated total revenues of CNY863 million, representing a 48% increase from the same period in 2009 and a 16% increase from the previous quarter.

Rumors Flow In China For Dangdang.com’s E-Commerce IPO In The USA

Amidst a shuffle of blog posts and news reports in China, rumors are forming that Chinese e-commerce company Dangdang.com is planning an initial public offering on Nasdaq sometime in the next few weeks.

Alibaba Opens Local Customer Service Business In India

Chinese e-commerce company Alibaba.com has announced that it has launched local customer service business in India to increase its investments in this key marketplace.

Alibaba Plans To Open Physical Banks In China

Rumors on the Internet revealed that the Chinese B2B e-commerce group Alibaba has set up a commercial bank subsidiary, which has gained the approvals of the People’s Bank of China and China Banking Regulatory Commission.

Dangdang.com Provides Home Return Service In 800 Chinese Cities

Chinese Internet retailer Dangdang.com has announced that they will launch a home return and refund service in 800 Chinese cities.

Alibaba Invests USD15 Million For 10% Stake In Chinese Search Engine

According to a 8-K form submitted by Sohu.com to the U.S. Securities and Exchange Commission, the Chinese business-to-business e-commerce company Alibaba.com will invest USD15 million to acquire a 10% stake in Sogou.com, a subsidiary of Sohu.com.

China Telecom Chongqing To Promote Mobile Payment On Campuses

The China Telecom Chongqing branch has launched a new mobile payment platform for students, aiming to promote the information development on campuses via the Internet of Things technologies.

China’s 360buy.com Launches Advance Refund Policy

Chinese electronics B2C provider 360buy.com has announced that it has cooperated with the China Consumers’ Association in setting up an advance refund security deposit system for consumers.

Alipay.com Launches Joint Security Campaign With Chinese Banks

Alipay.com, the Chinese third-party Internet payment platform and a subsidiary of the B2B e-commerce group Alibaba, has launched a joint security and risk control program with major Chinese banks.

Internet Retailers Publish Honesty Declaration In China

More than 1,000 suppliers, publishers, and Internet retailers, including Dangdang.com, Microsoft, Aigo, Wyeth, Lock & Lock, Commercial Press, and the People’s Literature Publishing House, have jointly published an “Internet Retailing Honesty Declaration” in China.

China’s Alibaba Acquires Auctiva

Chinese e-commerce company Alibaba.com has entered into an agreement to acquire Auctiva, a third-party developer of tools for eBay sellers.

APAC: 4,000 Fake “Taobao” Websites Closed By July 2010

The Anti-Phishing Alliance of China has announced that by the end of July 2010, the alliance had received 19,817 reports related to phishing websites, and e-commerce websites were the most imitated ones.

Chinese Internet Travel Revenue Up, But Profit Down For eLong.com

Chinese online travel provider eLong Inc. reported its unaudited financial results for the second quarter ended June 30, 2010, and stated its net revenues increased 45% to CNY118.9 million, compared to CNY81.9 million in the second quarter of 2009.

Internet Travel Income In China Rises For Ctrip.com

China’s top online travel company Ctrip.com International Ltd. today announced its unaudited financial results for the second quarter ended June 30, 2010, and showed a year-on-year net income increase of 48%.

Beijing E-commerce Committee To Fight Poor Competitive Practices

The Beijing E-commerce Industry Collaboration Committee has been established to encourage resource sharing and industry self-regulation, and to resist unhealthy competition.

China’s 99bill.com Opens R&D Center In Nanjing

The Chinese third-party electronic payment platform 99bill.com has announced that its new research and development center in Nanjing has gone into operation.

MOR To Promote Online Train Ticket Booking Nationwide

Booking a train ticket can be a hassle in China, as many tickets are only available within 72 hours of departure and tickets must usually be purchased either at a railway station or a designated ticket kiosk outside of the station.

Chinese B2B E-commerce Website To Set Up Operating Center In Zhejiang

Chinese B2B e-commerce website 99114.com has announced plans to invest CNY10 million to set up an operating center in Jinhua, Zhejiang, to promote regional economic development.

Ctrip.com Tumbles As Chinese Internet Travel Services Take Big Hit

The share price of China’s top online travel website, Ctrip.com, tumbled almost 14% today as word leaked that Chinese airlines were slashing commissions to Chinese travel agents.

New Digital Television Shopping Site Brings More Electronics Products To Chinese Consumers

Alibaba Groups’ online auction and e-commerce subsidiary Taobao.com is launching a new website focused on the sale of digital products in China.

eLong.com Launches Mobile Reservation Service

Chinese online travel service provider eLong.com has officially launched its mobile reservation service in Beijing.