Hong Kong-listed B2B e-commerce platform Hc360.com announced that the company plans to invest CNY120 million to acquire several clothing vertical websites. According to an acquisition letter of intent submitted by Hc360.com to HKEx, the company plans to acquire an 80.38% stake in Zhejiang Zhongfu Network Technology for CNY120.57 million. Zhejiang Zhongfu Network Technology mainly provides […]
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.
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 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.
During the Information and Communication Technology and Urban Development Forum, the first official forum of the 2010 Shanghai World Expo, held in Ningbo, Zhejiang, an official from the Ministry of Industry and Information Technology of China, revealed that China’s convergence of its three networks may cover all cities in three to five years.
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.