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Alibaba Launching A Google+ Like Social Network

A screenshot was leaked yesterday about a new social network, Laiwang.com that Alibaba is building and testing internally:

Alibaba eTao Aims to Be One Stop Shopping Portal

eTao, Alibaba’s online shopping search engine, announced its plan to provide seamless one-stop online shopping experience for internet users. eTao is a comparison shopping search engine and currently it has indexed over 600 million product items covering over 2,000 b2C merchant and 660 daily deal websites. The new feature enables uses to login with either [...]

China Internet Usage Led by Web Portals as Social Networking Remains Smaller Segment of the Market

A recent comScore study reveals that portals commanded the largest share of online minutes, accounting for 24.4% of total time in Greater China (including Taiwan and Hong Kong), followed by the Entertainment (9%), Search/Navigation (6.2%), Social Networking (5.5%) and Retail (5%)site categories. These five categories combined accounted for half of all time spent online in [...]

Mobile IM Q2 2010 Market Share by Active Users

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According to data released by Enfodesk, Q2 mobile IM market went up by 40 million more active users.

Top China Internet Properties by Unique Visitors in May 2010

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In a recent report released by comScore, in terms of engagement among the top 20 most-visited properties in Asia Pacific, Tencent ranked as the most-engaging property with visitors averaging 6.5 hours on the site during the month, consuming 716 pages of content and visiting the property an average of 39 times.

China to Allow Non-financial Companies to Offer online payment services

China’s central bank on Monday said it would allow non-financial companies such as Alibaba, the country’s leading e-commerce company, to offer online payment services. The move comes after months of uncertainty over whether the People’s Bank of China might severely curtail the business of AliPay, an affiliate of Alibaba. The central bank has been pushing [...]

China Online Advertising Summary in Q1 2010

China’s Q1 online advertising spend in 2010 showed strong growth, with an increase of 85.4% to 6.36 billion yuan (USD 931 million) compared to Q1 spend in 2009. Baidu leads China’s online advertising market in quarter one in 2010 with total sales of 1.293 billion yuan. The next five are: Taobao: 590m yuan Google China: [...]

China Q1 Online Payment Exceeded 212 Billion Yuan

According to iResearch, the first quarter of china’s online payment market in 2010 totaled to $212.1 billion yuan (US$31 billion) with an increase of 17.8% compared to Q4 2009.

Alibaba Alipay CEO Went Streaking to Celebrate 1.2 billion daily transactions

Alipay (under Alibaba Group; similar to PayPal) CEO Xiaofeng Shao made a promise this July that he would go streaking if Alipay daily transactions exceed 1.2 billion yuan by the end of 2009. It reached 1.213 billion yuan on Dec 7 for the first time; and, yes, Mr Shao kept his promise and ran around [...]

Taobao Sales during Golden Week Reached 8 Billion RMB

China’s Golden Week (China’s National Day) online shopping market in China was heating up again. According to Taobao data, for the two weeks’ period including the National Day Golden Week, Taobao turnover reached nearly 8.0 billion yuan (or USD 1.17 billion), 120% increase compared with the same period in 2008. The National Day period, Taobao [...]

TradeKey.com Another Alibaba in B2B Online Media?

A B2B online media website got my attention recently. So I did a little research and here to share with you what I found out. Who is TradeKey? Here’s the introduction from TradeKey.com, TradeKey.com was established in 2006 with the aim to facilitate global trade and bring buyers and sellers from all around the world [...]

Alipay Partners with Japanese Tenso with Shipping Solution to Chinese Consumers

Alipay, part of Alibaba Group, has announced partnership with Tenso of Netprice Group enabling Chinese consumers to buy from Japan with shipping solution. The Chinese consumers can just enter the Tenso.com shipping address on the Japanese online shopping site where they place the order. Tenso will do the rest and deliver the products swiftly.The forwarding [...]

About Alipay of Alibaba Group

Alipay.com Co.,Ltd (AliPay) is China’s leading online payment service by both number of users and total transaction volume. A member of the Alibaba Group, it enables individuals and businesses to securely, easily and quickly send and receive payments online. AliPay works like an escrow service, solving the issue of settlement risk in China. Since its [...]