Chinese Internet portal NetEase.com has launched a new coupon platform, Quan.163.com, marking its latest online move following the unveiling of its recent lottery and insurance e-commerce businesses.

Youa.com, the lifestyle information platform owned by Chinese search engine Baidu, has gained joint investments from the venture capital organization IDG-Accel and Qiming Venture Partners, and it will now officially start independent operations.

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.

Chinese Internet company Tencent has announced at its e-commerce annual meeting that the company plans to launch a B2B2C platform in the fourth quarter of 2011.

Chinese B2B e-commerce group Alibaba has announced that to serve the customers more effectively and to ensure the competitiveness and innovation of Taobao.com, the group has decided to separate this subsidiary into three independent companies.

Chinese Internet search engine company Baidu.com announced last week that it has started business adjustments concerning its Youa platform, and the consumer-to-consumer business of the platform will be closed in one month.

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 Internet shopping platform Taobao.com has confirmed that the company has set up a subsidiary in Beijing, and Wu Yongming, former general manager for Alimama.com, will be general manager for this new branch.

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.

Ending days of riveting expectation, Baidu's (BIDU) E-commerce Business Department has formally announced that Baidu's new C2C e-commerce platform is named Youa.com.

The first batch of 10,000 contracted customers of Chinese search engine Baidu.com's (BIDU) e-commerce platform are now able to enjoy the company's C2C services.

Alibaba's Zhejiang Alipay Internet Technology Ltd has signed a cooperative agreement with China Netcom Xuzhou branch to jointly develop services in the online payment sector.

Starting June 26, sellers of such special goods such as food and healthcare products must present relevant certificates before they can sell their goods on Internet auction website Taobao.com.

Disappointed with eBay Eachnet's performance, Wang Leilei, CEO of Tom Online, may resign from his job.

To better regulate online transactions in China, the Ministry of Commerce has drafted and is soliciting comments from the public on two new rules: the E-commerce Pattern Regulation and Online Shopping Service Regulation.