Chinese E-Commerce Eyes Stability During Year’s Biggest Shopping Day
In the West, today is the remembrance of the end of World War One. But in China, November 11 is Singles’ Day and the entire country has prepared for an online sales onslaught. In 2014, Alibaba posted more than USD9 billion in sales on China’s Singles’ Day. And this year rivals JD.com and Suning hope […]
Yandex Teams With Chinese E-commerce For Cross-Border Payments
Chinese and Russian technology companies plan to jointly launch an e-commerce platform which aims to promote the cross-border trading between China and Russia. Russian online payment system Yandex.Money will start handling payment services for China online payment platform TradeEase. This project is expected to be launched in summer of 2015 and its turnover is expected […]
South Korea’s Lotte.com Inks Internet Payment Deal With China’s Alipay
Chinese third-party Internet payment company Alipay revealed that the company has reached a deal with South Korean website Lotte.com to provide a RMB payment channel to Chinese users who shop on the website. Furthermore, the products purchased on the website will be directly shipped from South Korea to China. Lotte.com and the Lotte duty free […]
JD.com Goes Social With Mobile Instant Messaging App
Chinese B2C e-commerce website JD.com announced the launch of its free instant messaging product “Jingdong Dongdong” for individual users. This product is mainly used for communications between individual users. It also has a customer service consulting function. JD.com previously released the PC beta version of this product and the one launched this time is an […]
Alibaba Signs MOU With Credit Card Company
Chinese e-commerce and online payment behemoth Alibaba Group has signed a memorandum of understanding with MasterCard.
China’s Alipay Targets China’s Rural Areas With Online Payments
Alipay.com, the Internet payment subsidiary of Alibaba Group, confirmed that the company has formally established a new rural business unit, aiming to reach non-e-commerce users in third- and fourth-tier cities as well as in rural areas.
China’s 360buy.com Launches Overseas Service In Potential IPO Move
With an eye towards a potential overseas initial public offering, Chinese B2C e-commerce website 360buy.com has started the public beta testing of its English-language website, directly selling products to overseas buyers.
Spanish Retailer Eyes Chinese E-commerce Opportunity
Spain’s Inditex, parent company of the fast fashion brand Zara, has announced plans to launch an Internet apparel store in China in September 2012.
UCWeb Plans Operating Platform In America In 2012
UCWeb, a leading provider of mobile Internet software technology and browser services in China, plans to establish its operating platform in America in 2012.
China’s Dangdang.com Lost CNY129.8 Million In Q4 2011
Chinese B2C e-commerce website Dangdang.com has published its unaudited financial results for the fourth quarter of 2011, stating that due to a gross profit decline and the increase of marketing expenses, it made net losses of CNY129.8 million during the reporting period.
Shanghai’s Lenian.cn Gains Investment To Boost Online Healthcare Sales
Shanghai-based e-commerce company Lenian.cn has gained a CNY20 million infusion from an investment management company in Hangzhou, China.
Alipay.com Launches Trading Platform For Used Goods In China
Alipay.com, the third-party Internet payment subsidiary of the Chinese B2B e-commerce group Alibaba, has launched a new Internet trading platform for second-hand products.
Newegg.com.cn Chases Rival 360buy.com With New Internet Payment Deal
Alipay.com, Alibaba’s third-party Internet payment subsidiary, and Newegg.com.cn, the Chinese branch of the U.S.-based Internet electronics and digital products retailer, have reportedly formed a strategic partnership.
Alipay.com Teams With Chinese Banks For Convenient Internet Payments
Alipay.com, the Internet payment subsidiary of the Chinese e-commerce group Alibaba, has announced that it has launched a new convenient Internet payment service.
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.
Rizhao To Adopt E-tickets For All Tourism Scenic Spots
The Rizhao Tourism Administration has unveiled plans to allow tourists to the famous Shandong seaside scenic area to now pre-purchase all tickets online.
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 Opens Statistics To Its Users’ Online Shopping Habits
Chinese Internet shopping and auction website Taobao.com has formally announced that it will open its statistics to the public for the first time.
Rumor: PayPal To Cooperate With Alibaba For Online Payments In China
EBay’s online payment subsidiary PayPal is negotiating with the Chinese B2B e-commerce group Alibaba, aiming to introduce its online payment service in China into Alibaba’s worldwide site of AliExpress.