- Taobao Mall Launched New Web
Taobao is re-branding its B2C platform Taobao Mall, giving it an independent web address, Tmall.com, and spending $30 million in an advertising campaign to attract more users.
- Baidu Q3 Revenue Rises 76.4Pct
Third-quarter revenue for Baidu rose 76.4 percent to 2.256 billion yuan, the largest Chinese search engine announced in its latest results.
- Alibaba, Microsoft Launch New Search Site
Etao has limited its searching services to areas in online shopping currently, is likely to develop into a comprehensive search engine, competing Baidu and Google.
- China's GDB to Issue 50Bln Yuan Sub Debt in 2010
The 50 billion yuan sub debt issuance is part of its management planning for the year 2010-2012, aiming to replenish capital and push forward the process of its planned listing on a stock exchange.