Asia is warming to online shopping at last.
BEIJING - A report issued by research firm IDC has revealed that China's e-commerce industry exhibited a 20 per cent rise in trading volume in 2008, despite the economic downturn.
BEIJING - Google is said to be entering China's e-commerce market following the purchase of a domain that may be used as a consumer-to-consumer platform, according to Chinese reports.
CHINA - The economic climate has forced China's e-commerce sites to unveil new initiatives amid fears that netizens will buy less.
BEIJING - Chinese search engine Baidu has begun closed beta tests of an e-commerce site that the company hopes will directly rival market powerhouse Alibaba.
SINGAPORE - A week after Yahoo announced its plan to cut US$400 million in spending worldwide, Yahoo Southeast Asia has launched an online marketplace on its Singapore front page in an effort to maintain its hold on the market.
BEIJING - Alibaba Group has taken a further step to extend its Taobao brand internationally by inking an e-retail partnership deal with Yahoo Japan that allows Taobao to provide 50 million Chinese product listings on Yahoo Shopping.
China's dominant search engine Baidu has hit the ground running in 2010, declaring that it will launch video and e-commerce sites, and reportedly toying with the idea of online gaming.
BEIJING - Alibaba and Bank of China have entered into a long-term strategic partnership to facilitate e-commerce activities such as online payment, international business development, small-business financing and joint marketing initiatives.
BEIJING - Chinese search engine Baidu and Japanese e-commerce site Rakuten have pledged a combined US$50 million over three years to launch a business-to-business and business-to-consumer online shopping mall for Chinese netizens.
BEIJING - Just days after announcing consumer-based auction platform Taobao.com's merger with digital advertising exchange service Alimama, Alibaba Group announced the launch of the Taobao Open Platform, which enables third-party programmers to develop e-commerce tools and products for the site.
BEIJING - Chinese e-commerce powerhouse Alibaba Group has announced that it will invest US$30 million to boost its brand name internationally.
ASIA-PACIFIC - Procter & Gamble (P&G) has reportedly awarded Isobar the digital duties of its SK-II skincare brand across the region.
BEIJING - Taobao has rolled out its long-awaited product-search engine, and is set to enter the mobile search market through an agreement with Lenovo.
SEOUL - eBay has announced its plans to acquire South Korea's leading auction website Gmarket for US$1.2 billion in an effort to bolster its presence in the region.
GHANGZHOU - Alibaba Group will invest $732 million into its online payment service, Alipay, over the next five years to upgrade capabilities across its global e-commerce network.
SINGAPORE – comGateway and DDB in Singapore have launched a new website that allows Asian shoppers to buy products online without an American credit card.
TAIPEI - Alibaba Group's e-commerce auction site Taobao.com has launched Tao1shop.tw in Taiwan, marking Taobao's official entrance into the market.
BEIJING - Yahoo has put its stake in business-to-business e-commerce site Alibaba.com up for sale.
TOKYO - Japanese media corporation Nikkei Inc. has partnered with online video platform, Brightcove, to standardise its online video operations across its newspaper domain, The Nikkei Online Edition.