Chinese search engine company Baidu announced that the company has signed an agreement with Renren.com to acquire an additional stake in Nuomi.com held by Renren, making Nuomi.com a fully-owned subsidiary of Baidu. The deal is expected to be closed in the first quarter of 2014. In Mandarin Chinese, “nuomi” means “sticky rice”. Launched on June […]
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 […]
Sina.com and Alipay.com announced that the two parties will realize full intercommunication between Sina Weibo and Alipay accounts to provide convenient Weibo payment services to users in China. With the cooperation, users will be able to complete online payments on the Weibo microblogging platform as well as use for offline daily retail consumption with the […]
Five Chinese government units, including the People’s Bank of China, Ministry of Industry and Information Technology, China Banking Regulatory Commission, China Securities Regulatory Commission, and China Insurance Regulatory Commission, have jointly issued a notice about preventing risks against Bitcoin speculation. Though the warnings were not full condemnations of the cyptocurrency, sell prices on exchanges as […]
From January to September 2013, Beijing’s Internet retail sales reached CNY63.73 billion, exceeding the retail sales of traditional department stores, and the sales accounted for over 10% of the total retail sales in Beijing for eight consecutive months, according to Lin Ya, secretary general of Beijing Electronic Commerce Association. Lin said that compared with traditional […]
China’s Internet consumption maintained rapid growth and the 3,000 retail enterprises monitored by China’s Ministry of Commerce realized a year-on-year increase of 34.7% in the Internet sales sector from January to September 2013. Mofcom predicted that during the first three quarters of 2013, the Internet consumer retail sales would reach CNY1.3 trillion, which is equal […]
Chinese Internet company Tencent sent an internal email to announce that Bu Guangqi, chief executive officer of Yixun.com, has been appointed new vice president of Tencent.
During its first open platform partner conference, Chinese B2C e-commerce website JD.com published four major support plans, covering technology, logistics, service, and finance.
According to Yan Xiaobing, vice president of the Chinese e-commerce website JD.com, the company aims at the retail sales of nearly CNY100 billion by the end of 2015.
China’s Alibaba Group announced the launch of an intern training plan, aiming to recruit 102 interns around the world and provide one-on-one training by business leaders and executives within the organization.
American cloud computing solutions provide EMC reached a strategic cooperation partnership with JD.com, the Chinese e-commerce website formerly known as 360buy.com.
Chinese B2C e-commerce website Dangdang.com published its financial report for the first quarter ended March 31, 2013, stating that its total net operating revenue was CNY1.334 billion, a year-on-year increase of 23%; though it still reported net losses of CNY72.7 million.
Chinese lifestyle service platform 58.com and Internet payment provider Alipay.com announced their strategic cooperation that aims to provide better used and secondhand goods trading services to Chinese Internet users.
Suning Commerce Group published its financial report for the first quarter of 2013, stating that during the reporting period, the group realized operating revenue of CNY27.201 billion, a year-on-year increase of 20.14%; meanwhile, its e-commerce business realized revenue of CNY4.499 billion, a year-on-year increase of 134%.
Amazon.cn announced that it has cooperated with FamilyMart retail convenience stores in the launch of a pick-up service in Shanghai.
Chinese e-commerce and online payment behemoth Alibaba Group has signed a memorandum of understanding with MasterCard.
Chinese B2C e-commerce website 360buy.com has officially changed its domain name from 360buy.com to Jd.com.
Chinese B2C e-commerce website Yihaodian.com and Chinese search engine Baidu have reached an agreement for business cooperation.
UK’s leading luxury e-commerce operator Net-a-Porter has launched a Chinese-language website, targeting the Asia Pacific market.
Tmall.com, the B2C Internet shopping subsidiary of Alibaba Group, announced that it will cooperate with Danone and Nestle to launch direct sales and delivery of milk powder under six brands of the two groups, allowing Chinese consumers to enjoy the safe importation of milk powder products.
Chinese e-commerce group Alibaba announced that it has appointed Jonathan Lu the new chief executive officer of Alibaba Group, effective May 10, 2013.
Chinese B2C e-commerce website Dangdang.com published its financial report for the fourth quarter and the entire year of 2012, stating that its total operating revenue increased by 31% year-on-year to CNY1.6 billion in the fourth quarter of 2012; while it made net losses of CNY120 million during the same period.
According to an internal email reportedly sent by Bu Guangqi, chief executive officer of Tencent’s e-commerce subsidiary 51buy.com, the company will implement a structural adjustment, aiming at sales of CNY15 billion to CNY20 billion in 2013.
Chinese B2C e-commerce website Vancl.com announced that it will acquire the apparel e-commerce brand Crucco with an undisclosed amount of cash and equity.
China Mobile, Japan’s NTT DoCoMo, and South Korea’s Korea Telecom announced that the three parties have reached an agreement for a series of mobile phone services, aiming to realize cross-border payment services with the near-field communication function on mobile phones.
Following the launch of its group buying navigation service, Chinese search engine Baidu Inc. has now launched its group buying business T.baidu.com, which is currently only available in Beijing.
Chinese third-party Internet payment service provider Alipay.com has published its report showing that the mobile payment service developed rapidly in China in 2012 with 546% year-on-year growth by trading value; and the number of people who used this service increased by 223%.
China Internet Network Information Center recently published its 31st Internet survey report, stating that by the end of December 2012, the number of Internet users in China had reached 564 million and the Internet penetration rate was 42.1%, which was 3.8 percentage points higher than 2011.
