The public relations department of Chinese search engine Baidu.com has confirmed to local media that Li Mingyuan, general manager for Baidu.com's Internet shopping branch Baidu Youa, is departing the company for personal reasons.

Chinese electronics-oriented B2C website 360buy.com has reached an acquisition agreement with Qianxun.com, a Korean-style apparel and accessories Internet shopping website.

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 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.

According to Liu Qiangdong, chairman of the Chinese B2C e-commerce platform 360buy.com, the company is expected to realize annual sales of over CNY4 billion in 2009.

According to the Chinese search engine company Baidu.com, it has signed a strategic cooperative agreement with the electronics retailer Suning to jointly explore China's home appliances B2C market.

Chinese online payment platform Alipay has announced that the company has gained over 200 million users, exceeding the world's largest e-commerce payment platform Paypal.

Shenzhen-based venture capital firm Fortune Venture Capital has announced plans to invest CNY100 million in the domestic Chinese B2B e-commerce platform for large-scale trading, 315.com.cn.

China United Airlines has inked a strategic cooperation pact with and AliPay, the online payment provider subsidiary of Chinese e-commerce behemoth Alibaba.

Google China has announced that the company has launched the beta edition of its Internet shopping search service, covering China's B2C and C2C e-commerce sectors.

Chinese B2C e-commerce company 360buy.com will start to explore the B2B market in China while continuing to enhance its existing B2C market.

According to Liu Xiaodong, senior vice president of the owner of Zol.com.cn CBSI Group, Zol.com.cn will first invest CNY20 million in the development of its e-commerce platform and the Chinese media website will invest a total amount of CNY100 million in this platform over the next three years.

Korean telecom operator SK Telecom will invest CNY500 million in China to develop its B2C e-commerce website Qianxun.com.