Chinese B2B e-commerce group Alibaba has reached cooperation with Ludatrade, a Brazilian company that specializes in e-commerce solutions, marking Alibaba's formal entry into the Brazilian market.

Chinese B2B e-commerce company Alibaba.com has announced that its new online wholesale website, 1688.com, was formally launched on March 9, 2010, and the wholesale traffic reached a whopping 6.39 million people on the first day.

Shanda Literature has acquired Readnovel.com, following recent acquisitions of several other Chinese literature websites, including Qidian.com, Hongxiu.com, Jjwxc.net, and Rongshuxia.com.

Days after it was reportedly attacked by Iranian hackers and the company's chief technology officer quit, Chinese search engine Baidu.com has tried to change its wayward momentum with a newly inked joint venture with a Japanese e-commerce website.

Chinese Internet shopping website Taobao.com has announced that it has cooperated with its sister company Alipay.com and Bank of China in the launch of a joint-brand credit card.

Chinese B2B e-commerce group Alibaba has bought a new domain name, 1688.com, for the launch of its new online wholesale business.

Chinese e-commerce behemoth Alibaba Group is sparring with Yahoo, one of its partners, over statements Yahoo reportedly made last week about Google's hacking situation.

Chinese online auction website Taobao.com has announced that Taobao Open Platform will spend CNY10 million to support the winners of its TOP Application Competition.

Chinese Internet retailer Taobao.com will launch a software application store on January 15, 2010, marking a big leap for its Taobao Open Platform for online businesses.

Taobao.com, the Internet shopping subsidiary of the Chinese business-to-business e-commerce group Alibaba, has announced that it will cooperate with Lenovo, China Telecom, and TCL to launch three types of customized e-commerce mobile phone products, which are expected to be put into the market around the New Year's Day of 2010.

China's official news agency Xinhua News Agency and the Chinese B2B e-commerce group Alibaba have formed a strategic alliance in Hangzhou to jointly develop online information services.

Taobao.com, the online shopping subsidiary of the Chinese B2B e-commerce group Alibaba, has formally launched its Taobao Partner plan, which has attracted over 20 partners.

Avangate, a full service provider of electronic software distribution and reseller management solutions for software vendors, has announced its cooperation partnership with the Chinese Internet payment service provider Alipay, enabling these software vendors to pay with Chinese Yuan in China via Alipay's platform.

Business-to-business media group Global Sources Ltd. says both its revenue and profit have dropped in China as it reported financial results for the third quarter ended September 30, 2009.

Chinese business-to-business e-commerce company Alibaba.com has published its financial report for the third quarter ended September 30, 2009.