Chinese social networking website Renren.com has announced that it will launch an interest-free housing scheme, and employees can apply for loans of between CNY200,000 and CNY400,000.

Chinese B2B e-commerce group Alibaba has announced plans to launch a CNY3 billion housing loan scheme for its employees and a CNY500 million education fund to solve the preschool and primary education problems of children of its employees.

Alipay.com, the Internet payment subsidiary of the Chinese e-commerce group Alibaba, has announced that it has launched a new convenient Internet payment service.

China's B2B e-commerce group Alibaba and Shanghai Rural Commercial Bank have reached a comprehensive strategic cooperation agreement to jointly provide services to small- and medium-sized enterprises as well as farmers in rural areas in China.

Chinese B2B e-commerce group Alibaba has established a small loan company in Zhejiang to provide loans below CNY500,000 to its sourcing and procurement clients in Zhejiang.

The Shanghai Internet Cafe Industry Association and Bank of Hangzhou have reached an agreement to launch a joint guarantee loan program for Internet cafe operators in Shanghai, according to information from the official website of Shanghai Municipal Administration of Culture (Radio), Film & TV.

IBM's lending unit has signed a financing deal with Advanced Micro Devices and its distributor network to begin the flow of cash and credit in Tianjin Binhai New Area.

Chinese B2B e-commerce company Alibaba has published its performance report for the first half of 2009 ended June 30.

Bank of China and the Chinese B2B e-commerce group Alibaba have signed a comprehensive strategic cooperative agreement to jointly provide e-commerce value-added services to customers.

The People's Bank of China has published a notice that requires all non-financial organizations engaged in payment and settlement businesses in China, including Internet platforms such as Alipay, to fully register under the new guidelines before July 31, 2009.

Chinese B2B e-commerce giant Alibaba plans to help Chinese small and medium enterprises gain CNY6 billion in loans from banks in 2009 to help them overcome the impact of the global financial crisis.

China Financial Certification Authority has published a survey report on China's Internet banks in 2008.

According to the information from Beijing Labor Service Management Center, the Beijing Municipal Finance Bureau, the Beijing Municipal Labor and Social Security Bureau, and the Business Management Department of People's Bank of China have jointly announced plans to enlarge the coverage of discount loans applied for by Beijing's unemployed to assist them in starting their [...]

Enlight Media has announced that the company gained CNY100 million credit from Bank of Beijing, which will be a preparation for restarting of the company's listing plan in China.