China’s Alibaba Acquires Auctiva

Chinese e-commerce company Alibaba.com has entered into an agreement to acquire Auctiva, a third-party developer of tools for eBay sellers.

China’s 99bill.com Opens R&D Center In Nanjing

The Chinese third-party electronic payment platform 99bill.com has announced that its new research and development center in Nanjing has gone into operation.

Chinese B2B E-commerce Website To Set Up Operating Center In Zhejiang

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.

New Digital Television Shopping Site Brings More Electronics Products To Chinese Consumers

Alibaba Groups’ online auction and e-commerce subsidiary Taobao.com is launching a new website focused on the sale of digital products in China.

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.

New E-commerce Rules: China Will Implement Real-name Registration For Internet Stores

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.

Alipay.com, MasterCard Reach Online Payment Deal For Greater China

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.

Ctrip.com Buys Sozhen.com To Expand Chinese Internet Travel Business

Chinese online tourism website Ctrip.com has reportedly acquired Sozhen.com, a website focusing on ancient Chinese town travel.

ICBC, Ping An Insurance Sign E-commerce Cooperation Agreement

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.

Tencent, China Merchants Bank Sign Strategic Agreement

Chinese Internet company Tencent and China Merchants Bank have signed a strategic cooperating agreement to realize overall cooperation for the construction of a financial service platform.

Alipay Gains CNY5 Billion To Attract Top Talent In China

Chinese online payment provider Alipay is receiving a CNY5 billion cash infusion to help the company expand its e-commerce business.

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.

China Construction Bank Teams With Microsoft For Online Banking Services

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.

PayPal Works With China UnionPay For Online Payment Services

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.

China’s Alibaba Group Enters Brazilian Market

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.

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.

Ctrip.com Promises To Compensate Online Consumers For Price Differences

Chinese online travel service provider Ctrip.com has announced plans to compensate consumers for online booking price differences.

365anfang.com Allies With Taobao, Alipay To Ensure Online Shopping Safety

365anfang.com, a website engaged in providing online transaction security information, has been formally launched in China.

Alibaba’s Wholesale Website Welcomes 6.39 Million Traders On First Day

Chinese B2B e-commerce company Alibaba.com has announced that its new online wholesale website, 1688.com, was formally launched on March 9, 2010, and the wholesale traffic reached a whopping 6.39 million people on the first day.

China’s 360buy.com To Acquire Apparel Shopping Website

Chinese electronics-oriented B2C website 360buy.com has reached an acquisition agreement with Qianxun.com, a Korean-style apparel and accessories Internet shopping website.

China’s Kingsoft Sets Up New Department For Game Clients

Chinese software and game developer Kingsoft has established a new business department and the company has launched a new online game client platform service.

Taobao.com, BOC Launch Joint Credit Card

Chinese Internet shopping website Taobao.com has announced that it has cooperated with its sister company Alipay.com and Bank of China in the launch of a joint-brand credit card.