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Chinese Internet company Tencent sent an internal email to announce that Bu Guangqi, chief executive officer of Yixun.com, has been appointed new vice president of Tencent.

Bu will report to Wu Xiaoguang, chief executive officer of Tencent E-Commerce Holding Company. Bu's goal will be to lead the building and development of Tencent's e-commerce self-branded business.

Tencent said in the int
Wang Dong, vice mayor of Guangzhou, said during a press conference that under southern city's current plans, they will offer free Wi-Fi in important public places such as tourist attractions, most government affairs halls, human resource markets, hospitals, transportation hubs, and parks, by 2015.

At present, Guangzhou is actively building itself into a smart city and a major part of the plan
Owner of three luxury brands that have turned their attention to the China market in recent years – Tod’s, Hogan and Roger Vivier — Italy’s Tod’s Group S.p.a. is set to further intensify its China efforts for its flagship Tod’s leathergoods brand in particular. As Emilio Macellari, chief financial officer at Tod’s, said this week, the group plans to open 20 Tod’s stores in 2013 worldwide, yet Chi
Jack Ma, chairman and chief executive officer of e-commerce giant Alibaba Group Holding Ltd, said on Tuesday he will step down from the CEO post in May and stay on as chairman.

"I will resign as the chief executive officer on May 10, 2013, and will be fully devoted to the chairman job," the 48-year-old Internet veteran said in an e-mail sent to employees.

Ma said that as chairman he will fo
China's Internet user base will reach 800 million in 2015, according to China's Ministry of Industry and Information Technology (MIIT). As explained by MIIT minister Miao Wei, as the MIIT speeds up its "Broadband China" project and strengthens broadband construction in China, the number of Internet users in the country will continue to increase rapidly.
Aliyun and net.cn, two cloud computing internet service companies under China's largest internet company Alibaba Group, will be merged as a new company retaining the Aliyun name, reports Chinese IT news website ChinaByte.
Jingdong Mall recently issued a statement confirming that one of its logistics personnel is embroiled in a corruption scandal. It has been learned that a purchasing manager of 360buy is under police detention for selling complimentary commodities acquired from suppliers to the company at high prices.

According to Jingdong, the company established a supervision department in mid-2009, w
CHINA'S largest e-commerce group yesterday reported record transactions of 1 trillion yuan (US9 billion) in the first 11 months of this year, or equivalent to 5.4 percent of the country's total retail sales last year.

Alibaba.com said its consumer-to-consumer site Taobao.com achieved 800 billion yuan of sales and the business-to-consumer arm Tmall generated around 200 billion yuan. The total f

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