Chinese Internet auction and e-commerce website Taobao.com has announced that its trade value in 2008 reached CNY99.96 billion, making it one of the largest comprehensive shopping platforms in China.

Chinese third-party Internet payment platform Alipay has announced that it will start to collect a certain proportion of service charges from large-scale trading and the new policy will take effect from January 1, 2009.

Taobao.com has confirmed that its vice president Huang Ruo, who was in charge of the B2C business of the company, will resign at the end of September 2008.

Chinese Internet auction users have a new service to help protect them from fraud as Alipay, China's largest independent and third-party payment platform, has announced the launch of a seller credit program in cooperation with China Construction Bank.

China's anti-virus software company Rising has signed an agreement with B2C Internet service provider Taobao.com and the two parties will carry out a range of cooperation to create a safe and reliable online transaction platform for Chinese users.