EBay's online payment subsidiary PayPal is negotiating with the Chinese B2B e-commerce group Alibaba, aiming to introduce its online payment service in China into Alibaba's worldwide site of AliExpress.

Chinese online travel service provider Ctrip.com has announced plans to compensate consumers for online booking price differences.

365anfang.com, a website engaged in providing online transaction security information, has been formally launched in China.

Chinese online hotel booking and airline ticket reservation company Ctrip.com International Ltd. is focusing on more brick and mortar businesses with a new investment in two hotel companies in China.

Chinese telecom operator China Mobile has finally published an official announcement, confirming that it will invest CNY39.8 billion to acquire a 20% stake in Shanghai Pudong Development Bank.

According to China's Vsens, the wholly-owned customized terminal subsidiary of China Unicom, its new customized 3G smartphone, XT701, made by Motorola, is now ready for sale.

Chinese online auction website Taobao.com has launched an e-commerce rights protection platform with the approach of March 15, World Consumer Rights Day.

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 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.

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

Chinese online travel website company eLong Inc. reported its unaudited financial results for the fourth quarter and full year ended December 31, 2009.

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.

China Mobile's Beijing branch and the Beijing-based hypermarket retailer Wumart Stores have signed a strategic cooperation agreement for mobile phone payment services.

Amidst news of a major security breach and the fleeing of its chief technology officer, Chinese search engine Baidu.com has managed to post increased profit for the end of 2009.

According to the latest report published by China Internet Network Information Center, in 2009 the China's online travel booking sector usage reached 30.24 million people, an increase of 77.9% compared with the previous year.