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 the formal launch of Tao1shop.tw in Taiwan.

Chinese Internet shopping platform Taobao.com has confirmed that the company has set up a subsidiary in Beijing, and Wu Yongming, former general manager for Alimama.com, will be general manager for this new branch.

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.

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.