An online transaction security information website, 365anfang.com, has been formally launched in China.

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.

Taobao.com, the Internet shopping subsidiary of the Chinese B2B e-commerce group Alibaba, has announced that it has started to deploy offline authorized stores to provide convenience to consumers who do not wish to shop online.

Chinese B2B e-commerce group Alibaba has bought a new domain name, 1688.com, for the launch of its new online wholesale business.

According to Ouyang Weimin, the director of Payment System Department of the People's Bank of China, PBOC plans to issue licenses to Chinese online third-party payment platforms to bring more competition and a higher level of security into this sector of the industry.

Taobao.com, the online shopping subsidiary of the Chinese B2B e-commerce group Alibaba, has formally launched its Taobao Partner plan, which has attracted over 20 partners.

China and South Korea have jointly launched an economic and trade cooperation online initiative to provide comprehensive and timely information services to enterprises aiming at information technology exchanges and cooperation in both countries.

Business-to-business media group Global Sources Ltd. says both its revenue and profit have dropped in China as it reported financial results for the third quarter ended September 30, 2009.

Chinese business-to-business e-commerce company Alibaba.com has published its financial report for the third quarter ended September 30, 2009.

Chinese e-commerce giant Alibaba.com has announced that it has officially spun off Alibaba (China) Education Technology Company, informally known as "Ali-Institute", as a subsidiary company of Alibaba.com.