Amidst a shuffle of blog posts and news reports in China, rumors are forming that Chinese e-commerce company Dangdang.com is planning an initial public offering on Nasdaq sometime in the next few weeks. Though no media reports point to firm responses from the company started by Peggy Yu or its bankers on the expected sale [...]
China Unicom has reportedly started the public test of its online application store Wostore and the platform will be formally put into operation later this month. With the formal launch of Wostore, China's three major telecom operators will all have their own application stores. At the same time, the online application market will become a [...]
Chinese consumers seeking an easy way to purchase the new iPad or iPhone now have an easier path to part with their money. Apple has launched the Apple Store in China, and the company now offers Chinese consumers an online method to purchase products. "We are thrilled to open our newest online store in China," [...]
Chinese B2B e-commerce company Alibaba has announced that it has set up a partnership with Macau Trade and Investment Promotion Institute to jointly promote the e-commerce business among small and medium-sized enterprises in Macau. The initial cooperation between the two parties will include an incentive scheme, which aims to build the export capacity of Macau's SMEs [...]
China's State Food and Drug Administration has exposed five websites that were found selling medicines without proper approval. The websites are merckdx99.com which sells Moxue Xianfu'an in the name of Merck Serono China; bjtnbzl.com which sells Moke Huoyi Jiang Tang Tablet in the name of China Renhe Diabetes Research Institute; jksohu.com which sells Huoyi Shenjin Tablet [...]
American International Assurance has reached a cooperative agreement with Alipay, the Internet payment subsidiary of the Chinese B2B e-commerce group Alibaba, and the two will jointly develop an e-commerce insurance sales channel for online shopping customers. This new online payment service will initially promote itself among AIA and Alipay's active members and potential customers. Users who [...]
Four years after acquiring a 40% stake in China-based Alibaba Group for USD1 billion, Yahoo has sold all of its shares in Alibaba.com, a subsidiary of Alibaba Group, for about USD150 million. Yahoo still retains its 40% stake in the unlisted Alibaba Group, but its relinquishment of shares in the e-commerce subsidiary Alibaba.com is a sign [...]
According to reports in local media, 18 co-founders of Chinese B2B e-commerce company Alibaba Group will resign their respective positions to become managing partners of this company. Jack Ma, chairman of Alibaba, announced this symbolic move during the tenth anniversary of Alibaba and said this move aims to create a relaxed state of mind for these [...]
Taobao.com, the Internet shopping subsidiary of the Chinese B2B e-commerce group Alibaba, has announced the formal launch of Tao1shop.tw in Taiwan. According to local media, Tao1shop.tw is developed and operated by Taiwan-based eDynamics, with the authorization of Taobao.com. With the launch of this new website, people in Taiwan will be free from the currency exchange problem [...]
Chinese e-commerce and auction website Taobao.com has launched an initiative based on TaobaoOpenPlatform to provide funds to support software developers in China. In addition, Taobao will start a program targeting its business partners to assist them in developing software at Taobao.com to win more market space. Taobao says that it hopes to attract more outstanding developers [...]
