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.

Chinese e-commerce provider Alibaba has announced an initiative to launch an online platform to help small and medium enterprises in China solve their difficulties in receiving financing.

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 first enterprise credit pre-warning system has been formally unveiled in Zhejiang Province by Zhejiang Provincial Administration for Industry and Commerce.