Chinese e-commerce and online payment behemoth Alibaba Group has signed a memorandum of understanding with MasterCard.

Chinese e-commerce group Alibaba announced that it has appointed Jonathan Lu the new chief executive officer of Alibaba Group, effective May 10, 2013.

Chinese third-party Internet payment service provider Alipay.com has published its report showing that the mobile payment service developed rapidly in China in 2012 with 546% year-on-year growth by trading value; and the number of people who used this service increased by 223%.

Lotte's duty free store has launched the Chinese-language Internet shopping website, providing convenience to the ever-growing Chinese tourists in South Korea.

Alipay.com, the Internet payment subsidiary of Alibaba Group, confirmed that the company has formally established a new rural business unit, aiming to reach non-e-commerce users in third- and fourth-tier cities as well as in rural areas.

Chinese third-party Internet payment service provider Alipay.com and the health consulting and medical treatment guidance platform 95169.com have reached a deal to provide Internet hospital registration services to users of Alipay.com.

Alipay, the Internet payment subsidiary of Alibaba Group, and Yek Mobile, a Chinese mobile retail service provider, have formed a strategic partnership to jointly promote the convergence of mobile payment and e-commerce.

Alipay.com, the Internet payment subsidiary of Alibaba Group, launched a new platform to integrate various Internet accounts, covering Internet shopping and banking.

Microsoft and Alipay.com have signed a strategic letter of intent in Beijing, stating that the two parties will jointly develop and distribute services to enhance Internet security and privacy protection for Chinese users.

UCWeb, a leading provider of mobile Internet software technology and browser services in China, plans to establish its operating platform in America in 2012.

Alipay.com, the third-party Internet payment subsidiary of the Chinese B2B e-commerce group Alibaba, has launched a new Internet trading platform for second-hand products.

Alipay.com, Alibaba's third-party Internet payment subsidiary, and Newegg.com.cn, the Chinese branch of the U.S.-based Internet electronics and digital products retailer, have reportedly formed a strategic partnership.

Alipay.com, the Internet payment subsidiary of the Chinese e-commerce group Alibaba, has announced that it has reached an agreement with OnCard International to acquire its third-party payment service subsidiary, OnCard Payments.

Chinese B2C e-commerce website 360buy.com has published a notice, stating that its cooperation with Alipay.com, the Internet payment subsidiary of Alibaba Group, expired on August 24, 2011, and the company will now stop the use of payment services at Alipay.com.

PayPal, the third-party Internet payment platform of eBay, has announced that it will terminate its cooperation with AliExpress, the worldwide site of the Chinese B2B e-commerce group Alibaba, from August 3, 2011.