Business, Internet

China's Alibaba Buys New Domain Name For Internet Wholesale Business

Chinese B2B e-commerce group Alibaba has bought a new domain name,, for the launch of its new online wholesale business.

According to information from the domain name enquiry tool Whois, the current owner of is The link leads to a page which says Alibaba will soon launch its wholesale mart and the company will invest CNY100 million to promote this service via China Central Television.

In addition,, Alibaba's Internet payment subsidiary, has reportedly acquired the domain names of and and is expected to put these new domains into use in the near future.

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