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Alibaba Alipay CEO Went Streaking to Celebrate 1.2 billion daily transactions

December 8, 2009

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 naked [...]

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Taobao Sales during Golden Week Reached 8 Billion RMB

October 10, 2009

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 average [...]

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TradeKey.com Another Alibaba in B2B Online Media?

March 19, 2009

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 to [...]

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Alipay Partners with Japanese Tenso with Shipping Solution to Chinese Consumers

March 3, 2009

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 delivery [...]

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About Alipay of Alibaba Group

March 3, 2009

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 launch [...]

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