Alibaba News

November 20, 2009, 07:09 AM - - The launch of a new search engine for a booming online retail site run by Alibaba Group, the owner of Yahoo China, is just one more sign that Taobao.com is taking over roles formerly filled at the group by Yahoo.

The world's largest business-to-business e-commerce service provider with more than 45 million registered users yesterday reported a 20.4 per cent decline in third-quarter net profit to 236 million yuan from a restated 296.6 million yuan a year ago.

Alibaba.com Limited , the world's leading business-to-business e-commerce company, today announced unaudited financial results for the quarter ended September 30, 2009, that show the Company's continued investment in customers is resulting in strong growth in customer acquisition, driving market leadership and future revenue potential.

HiChina, the Chinese Internet infrastructure services provider, has announced plans to invest at least CNY300 million in the next three years to enhance its Internet infrastructure services.

Entrepreneurs are finding the road to Internet riches in China increasingly rough, facing a thicket of regulatory issues, stiff competition and a frontier mentality that leads to frequent underhanded practices.

Taobao.com, the Internet shopping subsidiary of the Chinese B2B e-commerce group Alibaba, has announced that it will cooperate with China Mobile to launch a new mobile phone short message-based price comparison service.

Thanks to aggressive cost-cutting efforts, Yahoo's third-quarter earnings more than tripled, even as the Internet giant's revenue fell for the third straight quarter amid the continuing ad slump.

Children in the recession-plagued United States may yet find their stocking stuffed this Christmas with toys from China, which is good news for them and for manufacturers in Guangdong.

Time to Yodel? Yahoo Beats Street Expectations With Stronger Net Income and Better Outlook for Q4.

MORE than 10 million Alipay users in Shanghai have been able to pay bills with only their finger tips.

Clinton speaks with Jack Ma, CEO of China's Alibaba in 2009. AP. BEIJING, CHINA As President Barack Obama prepares for his first Asia trip next month, one thing is clear: he has a long way to go to win the enthusiasm of China's citizens the way that former President Bill Clinton continues to.

According to reports in various Chinese local media, Taobao.com, the Internet shopping subsidiary of the Chinese business-to-business e-commerce group Alibaba, will develop an independent search engine product.

By ChinaTechNews.com Editorial Team One of the most common types of user-generated comments left on ChinaTechNews.com comes from angry buyers of electronics sold via the Internet by companies in China.

In China, Google means underdog. While the Mountain View company dominates the search market in the United States, it is not part of the pop lexicon on the other side of the Pacific.

They may have once tipped chests of the stuff into Boston Harbour but Americans are now furiously searching for all the tea in China.

The municipal government of Shenzhen and the Chinese business-to-business e-commerce company Alibaba Group have signed a strategic agreement for the establishment of an e-commerce platform.

Hong Kong shares rebounded from a three-week low on Tuesday, buoyed by an overnight rally on Wall Street, as investors scooped up shares of oversold stocks including banks and telecoms.

Fremont-based Synnex Corp. has agreed to sell its controlling interest in China Civilink for $60 million to Alibaba.com Ltd.

Alibaba.com has entered into a share purchase agreement to acquire China Civilink , which operates in China as HiChina Web Solutions, for a total consideration of RMB539.98 million in cash upon completion of two phases.

The former president supports entrepreneurs who put customers and employees before shareholders.