China’s e-commerce market racked up a whopping 1.3 trillion RMB ($190 billion USD) worth of transactions in 2012, according to a report by the China Internet Network Information Center (CNNIC) (linked article is in Chinese), an increase of 66.5 percent over 2011′s total. Last year, 242 million Internet users purchased goods online, and e-commerce transactions accounted for 6.1 percent… → Read More
The US announced on Thursday that Taobao Marketplace, owned by Chinese e-commerce giant Alibaba Group, has been removed from its yearly list of the world’s most “notorious markets,” a distinction they earned for being rampant with pirated and counterfeit goods. → Read More
A couple of weeks ago, Yahoo Japan (Japan’s biggest website) and Taobao (China’s largest e-retailer) agreed to launch a cross-border initiative under which both services will link their online shopping services starting June 1.
Well, today’s that day. → Read More
Big news from the Asian web world today. Yahoo Japan (Japan’s biggest website) and Taobao (China’s largest e-retailer) have agreed to launch a cross-border initiative under which both services will link their online shopping services starting June 1. Through the tie-up, Yahoo Japan and Taobao merchants will be able to sell products to buyers in each other’s markets.
For that purpose, Yahoo Japan… → Read More
Alibaba is best known for its international B2B e-commerce and sourcing market place Alibaba.com, but also operates Taobao – the “eBay of China” and largest C2C Internet retail web site, Alimama – an online advertising exchange and affiliate network – as well as Alipay, China’s most popular third-party online payment system modelled after Paypal but offering additional features such as escrow… → Read More
Google is being investigated for tax evasion by the Chinese Inland Revenue Department following a tip off from an “informant” alleging wrong doing. According to local reports, the investigation into Google includes evasion of business and personal tax, and tax on employee options. At least some of the investigation relates to how Google has previously treated transactions from Chinese… → Read More
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