Chinese online payment platform Alipay has announced that the company has gained over 200 million users, exceeding the world's largest e-commerce payment platform Paypal.

Chinese B2C e-commerce company 360buy.com will start to explore the B2B market in China while continuing to enhance its existing B2C market.

Sino Fibre Communications, a broadband and value added Internet services provider in China, announced that it has entered into a memorandum of understanding with P2P Cash Inc. to explore the business opportunity for integrating the P2P Cash mobile commerce features into an advanced international barter trading platform.

China-based webshops will be able to sell goods on eBay directly to export customers using services provided by MyStarU.com subsidiary, Panyu M&M Import Export Company.

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.

Sellers of special goods such as food and healthcare products must present relevant certificates before they can sell their goods on Internet auction website Taobao.com.

Guangzhou-based Southern China B2C Credit Alliance was formally set up on May 18 with more than 10 websites as its first batch of members.

To better regulate online transactions in China, the Ministry of Commerce has drafted and is soliciting comments from the public on two new rules: the E-commerce Pattern Regulation and Online Shopping Service Regulation.

China 3C Group, a retailer and distributor of consumer and business products in China, announced that it signed a binding letter of intent to become the exclusive supplier for 3C800.com, an online Chinese retailer of B2C electronics
products.