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

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.

Following a series of successful auctions in Europe and North America, GoIndustry DoveBid will be hosting an inaugural online auction for Motorola in China from June 16 to June 18.

According to information from Chinese Internet auction website Taobao.com, the website is currently cooperating with local commerce departments around China to fight sales of fake and shoddy products, and users who are found selling fake products in their online shops on Taobao.com will have their accounts permanently disabled.

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.

Jack Ma, chairman of the board of Alibaba Group, announced at the fifth anniversary of the founding Taobao.com that the group will invest another CNY2 billion in Taobao.com.

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.