Initiated by 50 Chinese information technology companies, including CCW Research, Babaike (Beijing) Software Technologies, and UFIDA Software, the Cloud Computing Committee has been set up in Beijing and a proposal for promoting the healthy development of China's software-as-a-service and cloud computing industries has been published at the same time.

Chinese business-to-business e-commerce group Alibaba has announced the establishment of its education subsidiary in Hangzhou, Zhejiang.

The Bureau of Foreign Trade and Economic Cooperation of Guangzhou Municipality and China International Electronic Commerce Center have jointly launched Guangzhou's first state-level regional e-commerce platform called, simply, "Guangzhou International E-commerce Platform".

Chinese B2B e-commerce company Alibaba has announced that it has set up a partnership with Macau Trade and Investment Promotion Institute to jointly promote the e-commerce business among small and medium-sized enterprises in Macau.

Li Yizhong, head of the Ministry of Industry and Information Technology, has disclosed to local media that China will continue to launch many favorable tax policies to support the development of small and medium sized technology enterprises.

Synnex Corporation will sell its controlling interest in China Civilink (Cayman), which operates in China as the domain registration company HiChina Web Solutions, to Alibaba.com Limited.

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.

Alibaba.com has signed an acquisition agreement with its parent company Alibaba Group to invest CNY208 million in the acquisition of the business management software division of Alisoft, the wholly-owned software subsidiary of Alibaba Group.

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

By ChinaTechNews.com Editorial Team
Despite a worldwide financial crisis, China's e-commerce industry is seeing something of a boom, growing over 120% in 2008 and with rapid growth projected over the next 3-5 years. At the moment, the demand for low prices and high quality is overwhelming, and traditional wholesale channels are losing ground to Internet-based platforms [...]

According to Zhu Jun, deputy director for the communication development department of China's Ministry of Industry and Information Technology, in the first half of 2009, China's three major telecom operators totally invested about CNY80 billion in 3G projects.

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.

Chinese B2B e-commerce group Alibaba has signed a cooperative agreement with Chengdu Hi-Tech Industrial Development Zone on its new western base project, making Chengdu the first stop for the group's domestic distribution apart from its Zhejiang headquarters.

Chinese B2B e-commerce group Alibaba has announced that is has gained over one million registered users in India.

The Beijing Municipal Business Commission has issued a circular which encourages retailers to set up online stores.