Internet Businesses Push Alibaba’s Online Subsidiary To Postpone Contract Signings
Tmall.com, the B2C section of Alibaba’s Taobao.com website, has published a report stating that its 2012 contract signings and renewals, which were planned to be launched on October 17, 2011, have been postponed.
China Dongxiang To Invest USD100 Million In Alibaba Group
China Dongxiang has published a report, stating that it will invest USD100 million in the Chinese B2B e-commerce group Alibaba via its wholly-owned subsidiary.
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.
More Possible China E-commerce Acquisitions For eBay
eBay reportedly expects its Greater China sales in 2011 to increase by between 30% and 40%, and the company will seek opportunities to acquire new assets to increase its market share in China.
Alibaba’s Internet Payment Subsidiary Loses Online Retailer In China
Chinese B2C e-commerce website 360buy.com has published a notice, stating that its cooperation with Alipay.com, the Internet payment subsidiary of Alibaba Group, expired on August 24, 2011, and the company will now stop the use of payment services at Alipay.com.
360buy.com Teams With Jointown To Explore Chinese Internet Medicine Sales
Chinese B2C e-commerce website 360buy.com has reportedly invested in Beijing Haoyaoshi Pharmacy Chain Company, a subsidiary of Jointown Pharmaceutical Group Company Ltd.
China’s Taobao.com Separates To Three Companies
Chinese B2B e-commerce group Alibaba has announced that to serve the customers more effectively and to ensure the competitiveness and innovation of Taobao.com, the group has decided to separate this subsidiary into three independent companies.
China’s Tencent Net Profit Up 56.2% In 2010
Chinese Internet company Tencent has published its annual financial report for 2010, stating that its net profit increased by 56.2% year-on-year to CNY8.054 billion.
China’s Ganji.com Develops Group Buying Internet Service With COFCO
Chinese lifestyle information website Ganji.com has launched a new collective buying product, which will first cooperate with Womai.com owned by COFCO Group in providing group buying deals in Beijing.
Sina.com, China Dongxiang To Acquire 29% Stake In Chinese E-commerce Company
Shanghai-based mail order and Internet retailer Mecox Lane has announced that Sina.com and China Dongxiang plan to purchase 117,505,755 ordinary shares from its two major shareholders, Maxpro Holdings Limited and Ever Keen Holdings Limited.
Groupon, Tencent Establish Gaopeng.com
Jointly invested by Groupon, Tencent Collaboration Fund and Yunfeng Capital, the collective buying website Gaopeng.com has been launched in China.
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.