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THE Ministry of Commerce has approved plans by Wal-Mart Stores which will allow the US retail giant to take control of China's largest online supermarket Yihaodian, but with certain restrictions.

If successful, the acquisition will help Wal-Mart grab a bigger slice of China's booming online shopping market.

Wal-Mart got the green light to increase its stake to 51.3 percent from 17.7 percent
Ping An says eyes online insurance JV with Alibaba, Tencent

Ping An Insurance (Group) , Chinese Internet firms Alibaba Group and Tencent Holdings, and other shareholders are forming a joint venture company to sell insurance online, Ping An's chairman said on Friday.
"We will use Alibaba and Tencent's Internet strength to cooperate in the insurance industry,'' Peter Ma said at a press conferen
Only just a few days ago, a few government ministries and departments started to be concerned about the so-called “triangular debt”.

In very simply terms, “triangular debt” simply describes a situation where companies owe money to each other. The cause for the rise of such liabilities were usually that companies trying to delay payments of their bills to suppliers, so that account receivabl
THE International Sourcing Park that is being built in Putuo District in Shanghai will become a hub for global trading companies, the Shanghai Commission of Commerce said yesterday.

Covering 38,365 square meters, the park will boast a main exhibition center, two business buildings and some underground facilities that global traders will be able make use for their sourcing needs.

"It is an i

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