In a move that seems to suggest eBay's subsidiary PayPal might be contemplating a Chinese acquisition, Chinese independent third-party online payment company 99bill.com has signed an agreement with PayPal to cooperate on improving its international payment efficiency and promoting international trade settlement.

California based Heckmann Corporation has received approval from its stockholders to merge with China Water and Drinks Incorporated.

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.

Chinese e-commerce provider Alibaba has announced that it has integrated its affiliates China Yahoo and Koubei.com into one company.

Liang Qichun, a spokesperson from TCL Group, has told local media that though TCL will sell 82% of its computer company's stakes to an unnamed Hong Kong registered company, it will still keep the computer business as its core focus.