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.

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.

Chinese B2B e-commerce company Alibaba has announced that it has set up a partnership with Macau Trade and Investment Promotion Institute to jointly promote the e-commerce business among small and medium-sized enterprises in Macau.

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 online payment platform Alipay has announced that the company has gained over 200 million users, exceeding the world's largest e-commerce payment platform Paypal.

Chinese e-commerce giant Alibaba.com has one less competitor to worry about as Ninetowns Internet Technology Group Company Limited is terminating its own B2B online sourcing website Tootoo.com.

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.