Business / Trendsetter

Internet firms lock horns over sports lotteries

[2014-06-25 07:02]

Sports lottery sales have taken off with the ongoing World Cup, and China's Internet titans are battling for a piece of that action as each seeks to boost its respective share of the mobile payments market.

New customs rules boost e-commerce

[2014-06-24 21:22]

E-commerce is expected to prop up China's sluggish exports under a new customs arrangement in the southern city of Shenzhen that facilitates easy foreign exchange settlement and export rebate.

Reading app under probe over piracy

[2014-06-23 17:56]

National Copyright Administration has launched an investigation against, an online reading app, for allegedly infringing copyright, a senior official said on Monday.

Online retailer partners with Autohome

[2014-06-20 17:18]

China's second largest e-commerce player formed a strategic partnership with Autohome, in an attempt to jointly develop the country's automobile e-commerce sector. campaign nets 100% rise in orders

[2014-06-19 17:00] Inc announced a jump of 100 percent year-on-year in order intakes on its annual promotional campaign on June 18. founder lines up next goal: beating Alibaba

[2014-06-19 11:14]

Richard Liu has dragged China's number two online retailer from a Beijing backwater to a rich New York listing. Beyond the wealth that brought him lies Liu's next target - beating Jack Ma's Alibaba.

Alipay-housing authority launch virtual transport card

[2014-06-19 10:37]

Alipay teams up with China's Ministry of Housing and Urban-Rural Development to launch a service that allows commuters use public transport without IC cards or waiting in line to buy a ticket.

Baoshang Bank launches online wealth management platform

[2014-06-19 10:32]

Baoshang Bank Limited, a joint-equity commercial bank best known for its micro-business finance service, launched an online wealth management platform called Xiaoma Bank on Wednesday.

Tmall sells 500,000 cell phones in 10 hours

[2014-06-18 17:41]

Tmall, China's largest business-to-customer platform, sold half a million units of cell phones within 10 hours of launching its mid-year promotional campaign on Wednesday.

Intime-Alibaba partnership nets 5m users

[2014-06-18 15:37]

An online membership product jointly launched by department store operator Intime Retail (Group) Co Ltd and e-commerce conglomerate Alibaba Group Holding Ltd has showed strong potential

Chinese commodity website launches Hungary operation

[2014-06-18 11:03]

Yiwubuy, the website of the world's biggest small commodity market, had launched a Hungary operation (, general manager Wang Jianjun announced on Monday.

Growth concerns rise for Alibaba

[2014-06-18 07:11]

Alibaba Group Holding Ltd, China's e-commerce conglomerate, disclosed in an updated filing on Monday that quarterly revenue growth slipped to its slowest pace in six years.

China's Alibaba submits updated prospectus

[2014-06-17 09:11]

Chinese e-commerce firm Alibaba submitted an updated initial public offering prospectus to the US Securities and Exchange Commission (SEC) on Monday (Beijing time).

Bumpy start for plan to regulate taxi-calling apps

[2014-06-16 07:08]

Thirty-one-year old Beijing office clerk Liang Ping is having an especially busy June. She is required to cook every single day this month for her husband.

Mobile firms feed off CCTV's FIFA coverage

[2014-06-13 07:22]

As Brazil and Croatia compete for the first point in the kickoff match of the 2014 FIFA World Cup, Chinese Internet companies are joining an equally intense head-to-head scuffle at home.

Alibaba, China Post to cooperate on logistics

[2014-06-12 17:26]

Alibaba Group and China Post are planning a joint smart logistics network in small cities and rural areas.

Kuaidi taxi app offers cash vouchers

[2014-06-12 16:57]

People who book a taxi and pay via Kuaidadi, or Kuaidi Taxi, app between June 11 and June 17 will get a voucher valued between one to 10 yuan.

Zara to enter China's largest online platform

[2014-06-11 17:27]

Spanish fashion brand Zara will enter China's largest online shopping platform Tmall to attract more online consumers and to reach new audience, especially those living outside the major cities.

China Mobile eyes 100b devices with 5G network

[2014-06-11 14:05]

China Mobile Corp's chairman Xi Guohua said on Wednesday that the company is aiming to build a super-fast 5G network that could bring 100 billion mobile devices on the network.

Alibaba set to seal China's largest Internet deal

[2014-06-11 13:54]

China's e-commerce conglomerate Alibaba Group Holding Ltd on Wednesday agreed to buy mobile browser company UCWeb Inc. If the deal goes ahead, it will make it China's largest Internet takeover.