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ALIBABA Group, which generated a massive "11.11" online sales on Sunday, holds a dominant share in the Chinese business-to-consumer (B2C) market, a research firm said yesterday.

Alibaba's Tmall accounted for 45.1 percent of the Chinese market by the third quarter, followed by 360Buy's 17.4 percent and Tencent's 3.5 percent, Beijing-based Analysys International said.

"Alibaba's Tmall expande
THERE was excitement but a little heartache too for millions of bargain hunters yesterday as China's Singles Day evolved into what is probably the world's biggest online shopping event.

The 50,000-plus merchants on Alibaba's consumer-oriented took in 13.2 billion yuan (US$2.1 billion), the company said, after discounts of at least 50 percent were promised on a massive range of goods.
The Chinese government will continue to strengthen international cooperation on cyber issues, and work with all countries to build an open and secure cyberspace, an official said on Thursday at an ongoing conference on cyberspace in the Hungarian city of Budapest.

Given the many challenges ahead, Huang Huikang, legal advisor and director of the Department of Treaty and Law under the Foreign Mi
Chinese giant hopes to increase presence in PC service sectors

Lenovo Group Ltd, the world's second-largest PC maker by market share, has made its first foray into software development after buying the US-based cloud-computing company Stoneware Inc, for an undisclosed amount, which has millions of users in education and the US public sector.

This year Lenovo has squeezed into the top five P
BAIDU, China's largest search engine provider, will invest about 10 billion yuan (US$1.6 billion) to build cloud computing centers to attract web-based software developers as it seeks to offer more services to users.

Baidu will also allow application developers to access freely its cloud computing capabilities, the firm said yesterday. It hopes this move may help attract more smartphone users
Shanghai mobile Internet industry's sales revenue is expected to exceed 80 billion yuan ($12.6 billion) and will employ more than 60,000 people by 2015, according to the latest plan for the industry in the city.

The Shanghai Mobile Internet Industry Development Plan (2012-15) from Shanghai Municipal Commission of Economy and Information revealed that the city will take steps to cultivate innov
YOUKU Inc and Tudou Holdings Co, China's top two online video websites, said yesterday shareholders have approved their merger.

Following the approval given at a shareholders' meeting yesterday, the two companies have officially formed a new entity called Youku Tudou Inc, they said in separate statements yesterday.

The new company will maintain the two brands independently as well as market
ORACLE Corp, a major enterprise information technology service provider, will increase its investment in China for sales channel expansion and research & development, according to its President Mark Hurd.

Hurd, who met Mayor Han Zheng in Shanghai yesterday, revealed that Oracle was seeking local partners in the fields of financial service and cloud computing.

"China is a regional market wit




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