Posted by: Sarah Wu on Sep 01 2010

Alibaba's consumer-focused e-commerce site Taobao.com has released a notice to users of its promotional service "Taobao Zhitongche," requiring them to remove all information or promotions regarding account numbers for Tencent's (0700.HK) instant messaging service QQ before August 31, according to an August 26 posting on the site...

Posted by: Sarah Wu on Aug 31 2010

China's e-commerce trading volume reached RMB 3.1 trillion in 2008 and RMB 3.8 trillion in 2009, according to a report released by the country's Ministry of Commerce (MOFCOM) on August 30. Online shopping trading volume in the two years amounted to RMB 125.7 billion and RMB 258.6 billion, respectively, according to the MOFCOM report.

The county's e-commerce trading volume is expected to exceed RMB 4.3 trillion this year, already reaching RMB 2.25 trillion in the first half, a posting on the MOFCOM's site said August 11 citing a report by Toocle.com...

Posted by: Sarah Wu on Aug 30 2010

Alibaba's consumer-focused e-commerce site Taobao.com is planning a third vertical channel for home decoration products and services, DoNews reported August 27 citing unnamed sources. The site, jia.taobao.com, currently redirects automatically to the home deco subchannel of Taobao's business-to-client (B2C) channel "Taobao Mall," the report said...

Posted by: Tom Telford on Aug 25 2010

E-commerce company Alibaba.com Limited (1688.HK) has agreed to acquire Auctiva, a third-party developer of tools for vendors on e-commerce site eBay (Nasdaq:EBAY). Auctiva has more than 170,000 active users, according to the report...

Posted by: Sarah Wu on Aug 24 2010

Tencent (0700.HK) has acquired film ticket vending site Maizuo.com, Sina reported August 24 citing unnamed sources. The site did not disclose the value of the deal but stated that it would maintain independent operation in the future, the report said...

Posted by: Sarah Wu on Aug 24 2010

Alibaba's consumer-focused e-commerce site Taobao.com plans to launch an e-commerce-focused recruitment platform at zhaopin.taobao.com on August 30, hosting job postings for store managers, client service staff, models and logistics workers, DoNews reported August 24 citing an unnamed company executive...

Posted by: Tom Telford on Aug 23 2010

Sportswear brand Xtep International (1368.HK) recorded net income of RMB 373.46 million in the first six months of 2010, up 22% compared with the same period last year, the company reported in its interim report released August 23...

Posted by: Emily Alitto on Aug 19 2010

Business-to-business media company Global Sources (Nasdaq:GSOL) reported net income of $7.25 million, or $1.16 per diluted share, for the second quarter of 2010, compared to $5.09 million in the second quarter of 2009, the company announced August 19...

Posted by: Sijia Xie on Aug 18 2010

Adidas (ETR:ADS) has opened an online store on domestic e-commerce site Taobao.com, caing.com reported August 17.

According to the report, Taobao.com currently has more than 200 million registered users and recorded a transaction volume of RMB 200 billion in 2009, of which more than RMB 8 billion was spent on sports products, while in the first seven months of 2010, sports goods transactions have reached RMB 7 billion.

In July, Adidas signed with retailer Pou Sheng International (3813.HK) to localize design, manufacture and sales of its high-end sports brand Reebok...

Posted by: Sarah Wu on Aug 17 2010

Alibaba.com (1688.HK) is in talks to acquire a non-controlling stake in Shenzhen-based import and export service provider One Touch, 21st Century Business Herald reported August 16 citing an unnamed senior official from One Touch...

Posted by: Tom Telford on Aug 10 2010

Business-to-business e-commerce company Alibaba.com (1688.HK) recorded net income of RMB 692.96 million in the first half of 2010, up 39.8% year-on-year, which the company attributed a larger paying customer base generating increased revenues, in its interim financial report released August 10...

Posted by: Sijia Xie on Aug 05 2010

Sports brand enterprise Li Ning (2331.HK) partnered with eBay (Nasdaq:EBAY) to open online stores in Australia and the UK, Nanfang Daily reported July 30.

On June 30, Li Ning released a new logo and slogan "Make The Change."

Posted by: Sarah Wu on Aug 02 2010

Tom Group (2383.HK) has partnered with China Post Group to build a business-to-consumer (B2C) e-commerce site at ulechina.com, qq.com reported August 2. The site, operated by Tom Group's wholly-owned Shanghai subsidiary, is expected to go online on August 10, the report said citing an unnamed source...

Posted by: Sijia Xie on Jul 30 2010

Insurance broker CNinsure (Nasdaq:CISG) has acquired 65.1% of Shenzhen-based e-commerce insurance website InsCom for RMB 84 million, according to a CNinsure announcement July 29. The transaction is expected to close in the fourth quarter of 2010, the statement said.

In November 2009, CNinsure signed a strategic partnership to develop and distribute custom-designed insurance products for China Pacific Insurance (Group) (601601.SH) subsidiary China Pacific Property Insurance...

Posted by: Sarah Wu on Jul 28 2010

Alibaba Group's online payment tool Alipay announced that it has launched an application platform at b.alipay.com that targets company clients, offering electronic payment, value-added services and third-party services, Sina reported July 27...