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

In the midst of a clampdown in China on domain name registrations, Chinese business-to-business online company Alibaba.com has completed its share purchase agreement of a local website domain name registrar.

China's State Administration of Taxation has published a notice on its official website stating the rights and obligations of the country's taxpayers.

The China Center for Transnational Dispute Settlement has launched its new English website at local-local.org to address the rapidly growing number of China-related cross-border commercial disputes.

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.

China Technology Development Group Corporation, a provider of solar energy products and solutions in China focusing on a-Si thin-film technology, has unveiled a redesigned website to give more detailed information to its stakeholders.

The United Nations Global Compact Office announced that 630 companies, including 22 Chinese companies, have so far been removed from its list of participants for failure to communicate progress.

Chinese e-commerce provider Alibaba has announced an initiative to launch an online platform to help small and medium enterprises in China solve their difficulties in receiving financing.

To better regulate online transactions in China, the Ministry of Commerce has drafted and is soliciting comments from the public on two new rules: the E-commerce Pattern Regulation and Online Shopping Service Regulation.

Chinese B2B e-commerce website company Alibaba.com announced its financial results for the quarter ended March 31, 2008 and said total revenue increased to RMB680.1 million, an increase of 53.2% year-on-year and 7.2% quarter-on-quarter.