The Chinese B2B e-commerce company Alibaba.com has announced that its new online wholesale website, 1688.com, was formally launched on March 9, 2010, and the wholesale traffic reached a whopping 6.39 million people on the first day.

Chinese online auction website Taobao.com is calling on its 130 million users to join a campaign to fight against online credit speculation.

Netease, one of the major email service providers in China, has launched a credit email alliance and the alliance has been joined by many famous companies from the finance, the third-party payment, e-commerce and online games industries.

According to Qiu Changheng, vice president of Alipay, China's first e-commerce credit system is expected to be launched by the end of 2009 and the system will fully cover small and medium-sized enterprises and individual users.

Global telecom operators are under enormous pressure to develop next-generation telecom technologies, such as 3G, to meet market demands, but as a result of the global financial crisis, the majority of mainstream financing agencies based in Europe and the U.S. are trying to find ways to address issues such as inadequate liquidity and the credit [...]

Offshore software development company VanceInfo Technologies Inc. will deploy an outsourced development center for China Merchants Bank.

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.