Chinese e-commerce boss Jack Ma is emulating America’s Amazon.com boss Jeff Bezos, who recently purchased The Washington Post, by purchasing his own media empire in Hong Kong, the South China Morning Post. Alibaba Group Holding Limited says it has entered into a definite agreement to acquire the South China Morning Post and other media assets […]
With its stock price dropping in the U.S., Alibaba Group announced plans to launch a dual-city operations strategy to better manage its varied assets. The company will base itself in Hangzhou and Beijing dual-center strategy. Beijing will be its base camp to promote its strategy execution and business development in the northern areas of China. […]
Alibaba has agreed to sell four of its American e-commerce assets to U.S.-based social shopping platform OpenSky. Alibaba will give OpenSky 11main.com, Auctiva, Vendio and SingleFeed in exchange for about a 37% stake in OpenSky. No financial details or exact timing on the deal are yet available, according to reports in foreign media. 11main.com is […]
Chinese B2C e-commerce provider JD.com formally launched its cross-border Internet shopping services, which allows Chinese users to conveniently purchase quality products from many countries and regions such as the U.S., France, U.K., and Japan. This new platform will first offer over 150,000 kinds of products and 1,200 brands in 450 stores. Those products cover maternal […]
Even though its founder pledged to avoid online gaming because his son developed an online game addiction, Alibaba has now launched its own cloud gaming platform. Cloud gaming at Alibaba aims to merge game interaction and data operation on cloud servers and transmit the real-time pictures back to the TV screens of users. With this […]
China’s Alibaba Group announced the launch of an intern training plan, aiming to recruit 102 interns around the world and provide one-on-one training by business leaders and executives within the organization.
Amazon.cn announced that it has cooperated with FamilyMart retail convenience stores in the launch of a pick-up service in Shanghai.
Chinese telecom operator China Mobile published its annual financial report for 2012, stating that the company’s operating revenue was CNY560.4 billion, a year-on-year increase of 6.1%; and its profit attributable to shareholders was CNY129.3 billion, a year-on-year increase of 2.7%.
Construction of TD-LTE trial networks in ten cities in eastern China has commenced, and China Mobile recently started the deployment of a TD-LTE trial network in Chengdu, provincial capital of Sichuan, marking an important move for its 4G network development in western areas of China.
Chinese Internet company NetEase.com has confirmed that its game channel has been separated from its portal system and merged into the company’s game business department.
Chinese telecom operator China Mobile will soon launch its TD-LTE mobile phone user tests, and the first batch of TD-LTE devices will be available in Guangzhou, Shenzhen, and Hangzhou.
Alibaba Group’s collective buying subsidiary Juhuasuan.com and Internet payment subsidiary Alipay.com have formed alliance with Focus Media to jointly develop the Chinese online to offline market.
China Mobile International Limited and America’s Clearwire jointly announced that the two companies have signed a memorandum of understanding for the opening of TD-LTE international roaming services between China and America.
Chinese telecom operator China Mobile has realized two-way roaming between the TD-LTE network in Hangzhou and LTE FDD network in Hong Kong.
Free-of-charge Wi-Fi services are now reportedly available in the main city area of Hangzhou.
Shanghai-based e-commerce company Lenian.cn has gained a CNY20 million infusion from an investment management company in Hangzhou, China.
Chinese telecom equipment maker Huawei announced that following its entry into the cloud computing market in 2010, the company has decided to establish its information technology product line, mainly providing customized cloud computing solutions.
Beijing technology entrepreneurs and software firms should shut their doors and turn off the lights, as Microsoft China might be aiming at hiring away some top young talent.
Search engine Ask.com, a wholly owned business of IAC, is halting operations at its office in Hangzhou.
The General Office of the State Council of China has published the list of the first batch of pilot regions and cities for the convergence of three networks, including the telecom network, the Internet network, and the broadcasting network.
The Shanghai Internet Cafe Industry Association and Bank of Hangzhou have reached an agreement to launch a joint guarantee loan program for Internet cafe operators in Shanghai, according to information from the official website of Shanghai Municipal Administration of Culture (Radio), Film & TV.
Chinese online auction website Taobao.com has launched an e-commerce rights protection platform with the approach of March 15, World Consumer Rights Day.
Taobao.com, the Internet shopping subsidiary of the Chinese B2B e-commerce group Alibaba, has announced that it has started to deploy authorized offline stores to provide convenience to consumers who cannot shop online in China.