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.
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.
Alibaba Groups’ online auction and e-commerce subsidiary Taobao.com is launching a new website focused on the sale of digital products in China.
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.
Chinese B2C e-commerce website 360buy.com plans to set up a third-party open platform to improve its services.
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.
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.
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.
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.
China’s State Food and Drug Administration has published a bulletin in which it exposes 30 websites that have been allegedly selling fake medicines.
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.
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.
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.
Taobao.com, the Internet auction and shopping website owned by the Chinese B2B e-commerce group Alibaba, has launched a new streamlined homepage.
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.
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.
Chinese online tourism website Ctrip.com has reportedly acquired Sozhen.com, a website focusing on ancient Chinese town travel.
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.
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.
Chinese online payment provider Alipay is receiving a CNY5 billion cash infusion to help the company expand its e-commerce business.
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.
Chinese Internet shopping and auction website Taobao.com has formally announced that it will open its statistics to the public for the first time.
According to reports in Financial Times, the world’s leading retailer Wal-Mart plans to launch e-commerce business in China and Japan and it is currently establishing the technology platform.
China Construction Bank and Microsoft China have signed a strategic cooperation memorandum and the two parties will jointly establish a new generation of online banking based on Microsoft’s technology platform to improve the security and convenience of online banking applications.
HUBS1, the official hotel reservations service provider and sponsor for 2010 World Expo, announced the hotel reservation website for World Expo Shanghai Expotia.com officially is now online after a one-month trial operation.
Chinese Internet shopping website Dangdang.com, which focuses on the sale of books, has confirmed that Conor Yang, former chief financial officer of AirMedia Group, has joined the company as chief financial officer, preparing for the initial public offering of Dangdang.com.
PayPal, the Internet payment subsidiary of the American e-commerce company eBay, has reached a deal with the Chinese intra-bank card system operator China UnionPay, to allow China UnionPay’s card holders to use PayPal as a payment tool when shopping on overseas websites.
Chinese B2B e-commerce group Alibaba has reached cooperation with Ludatrade, a Brazilian company that specializes in e-commerce solutions, marking Alibaba’s formal entry into the Brazilian market.
