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.

Rumors on the Internet revealed that the Chinese B2B e-commerce group Alibaba has set up a commercial bank subsidiary, which has gained the approvals of the People's Bank of China and China Banking Regulatory Commission.

Jack Ma, founder, chairman and CEO of China's e-commerce company Alibaba Group, has announced that beginning in 2010 the company will earmark 0.3% of annual revenue to environmental protection, particularly on water and air quality improvement projects.

Taobao.com, the Chinese Internet shopping website owned by Alibaba Group, and Yahoo Japan, which is held by Japan's Softbank Group, have reached a strategic cooperation deal.

Four years after acquiring a 40% stake in China-based Alibaba Group for USD1 billion, Yahoo has sold all of its shares in Alibaba.com, a subsidiary of Alibaba Group, for about USD150 million.

According to reports in local media, 18 co-founders of Chinese B2B e-commerce company Alibaba Group will resign their respective positions to become managing partners of this company.

As a result of the separation of Koubei.com from China Yahoo, local media reports that about 100 employees from Koubei.com in Beijing may resign from the company.

Chinese B2B e-commerce group Alibaba.com has announced that based on its "Big Taobao" strategy, the group will merge its lifestyle website Yahoo Koubei into its Internet shopping platform Taobao.com.

According to Jack Ma, CEO of the Chinese e-commerce giant Alibaba, to help and attract small companies in North America to export more goods to China, the company is now seeking cooperative partners in the United States and it has started discussions with companies such as Google, eBay, Yahoo, and Microsoft.

Chinese B2B e-commerce giant Alibaba has recently published a report on several adjustments in its board of directors.

According to the 2008 Hurun China IT Rich List published on November 26, 2008 in Hangzhou, Li Yanhong "Robin", CEO of the Chinese Internet search engine Baidu.com (BIDU), topped the list with net worth of CNY13 billion, followed by founder of Tencent Ma Huateng and founder and CEO of NetEase (NTES) Ding Lei with CNY12.5 [...]

After merging with Alimama.com, Taobao.com, the auction website of Alibaba Group, has formally announced plans to open its application programming interface platform and third-party developers are able to visit data of Taobao.com through various open interfaces from September 8, 2008.

Chinese e-commerce giant Alibaba Group has announced that the group will consolidate its two companies, Taobao.com and Alimama.com.

Chinese e-commerce provider Alibaba announced that it has integrated its affiliates China Yahoo and Koubei.com into one company.

Jack Ma, CEO of Alibaba, said in a meeting with Guangzhou officials that Alibaba would set up its southern China regional data center in Guangzhou.