“Over time, we will look for opportunities to partner or joint venture or work together with Chinese companies,” Donahoe, 50, said in an interview in Hangzhou, China. “We’ve, in essence, exited the domestic market.”
Cross-border trades will probably rise more than 80 percent to $4 billion this year, Donahoe said. EBay is counting on PayPal and partnerships with local companies to help it expand revenue from China after failing to gain a local foothold to compete against entrepreneur Jack Ma’s Alibaba Group Holding Ltd.
Donahoe said Alibaba Group and its Alipay system shouldn’t be seen as rivals to eBay and PayPal.

Source : Konaxis

The Chinese company said it has entered into an agreement to buy Auctiva, which provides listing and marketing tools to vendors on e-commerce websites like eBay.
Chief Executive David Wei said he is keen on more acquisitions to add technology or already-proven commercial applications to Alibaba’s lineup.
Alibaba said buying Auctiva would help it reach U.S. businesses and connect them with suppliers outside of the country.
Wei said buying Auctiva would help Alibaba target the more than 90 percent of U.S. online merchants who continue to source their products offline.
The acquisition, which closed on Aug. 18, is part of a $100 million investment plan for AliExpress that Alibaba announced in April. Auctiva will operate as a new business unit and will retain its own brand and operations.
In June, Alibaba bought Vendio Services Inc in its first major U.S. acquisition to further its strategy of expanding its global footprint.

Source : Konaxis

However, Wei declined to give details on acquisition targets for his company, which is the listed unit of Alibaba Group, but said “the priority will be to further boost AliExpress.com.”

AliExpress, which Alibaba formally launched in April after a beta period, is a U.S.-focused online wholesale platform in which Alibaba has said it plans to invest $100 million.

As part of that investment, Alibaba already announced its first U.S. acquisition in June with plans to buy Vendio Services Inc., which helps merchants sell goods on sites such as Amazon.com Inc. and eBay Inc.

Alibaba in April also said it would start accepting payments from users of eBay’s PayPal service on AliExpress. Alibaba plans to enable more payment platforms on AliExpress to ensure payment troubles don’t deter users, Wei said, declining to give details on possible partnerships.

The U.S., India and Japan remain Alibaba’s highest-priority overseas markets, but for the next three years Alibaba will focus on investment in those areas before seeking more benefits from them later, Wei said.

Source : Konaxis

China started futures trading in April, allowing domestic investors to profit from declines in equities for the first time. The CSI 300 Index, which tracks the 300 most liquid stocks on the Shanghai and Shenzhen stock exchanges, is the underlying index for the futures.

China?s securities regulator allows selected overseas investors to invest in the nation?s stock markets under the qualified foreign institutional investor, or QFII, program.

Currently, 89 qualified overseas institutional investors received $17.72 billion in quotas as of the end of June, the China Securities Journal reported.

Futures, or agreements to buy or sell the CSI 300 Index at a preset value, began trading on the China Financial Futures Exchange in Shanghai on April 16, while margin trading and short selling was introduced March 31.

Each transaction by overseas investors needs to be approved by the China Financial Futures Exchange, according to Monday?s report. Relevant rules will be released recently for public comment, the Beijing-based newspaper said.

Source : Konaxis

According to lekutian webpage, recruitment started from July 29, and last until August 24. Lekutian web will be officially launched on June 9 this year, and accept the general registration from general merchants. Lekutian official said, the online business registration and telephone recruitment are proceeding smoothly.

Japnese Rakuten was established in 1997 which is the pioneer and leader of global e-commerce B2B2C model. With Baidu Rakuten launched lekutian targeting to be super big Chinese online shopping mall. According to the investment handbook, businesses in cigarettes amd liquor are not allowed to register currently.

Data show that China’s online shopping market is in rapid growth in recent years, and transactions in 2009 amounted to 250 billion yuan, with a growth rate of 93.7%. Experts predict the field is expected to exceed 1 trillion yuan in 2013, and number of users who shop online will reach 66% same as the rate in developed countries.

Earlier on May 10, Alibaba Chairman Jack Ma, Masayoshi, chairman of SOFTBANK Group announced cooperation with Yahoo Japan, fully opened the platform of China and Japan online shopping.

This is the first overseas acquisition carried out since the establishment of Alibaba. Alibaba claimed the acquisition was a substantial deployment into the U.S. market.

Located in Silicon Valley, California, Vendio Company has 11 years experiences in online retail services, currently helping more than 80,000 independent online B2C retailers sell products by eBay, Amazon with more than 2 billion U.S. dollars transactions.

According to Alibaba disclosure, after Vendio was acquired, it would be integrated into Alibaba “global express sale” in order to help “Made in China” to enter the U.S. consumer market as online express train.

Alibaba CEO Wei Zhe commented the docking of platforms would attract more than 80,000 quality buyers and potential purchasing client base.

It was said that this acquisition would end in July 2010 and Vendio would keep its brand, business and team.

The acquisition will give Alibaba access to more than 80,000 U.S. small merchants that use the Internet to buy products, the Hangzhou, eastern China-based company said in a statement yesterday. Terms of the deal for closely held Vendio weren?t disclosed.

Alibaba, backed by billionaire investor George Soros, is challenging U.S. sites eBay Inc. and Amazon.com Inc. for international online buyers and sellers after dominating the e-commerce market in China. Chief Executive Officer David Wei aims to boost overseas revenue to a third of Alibaba?s total, from about 2 percent, he said last year.

The transaction is expected to be completed next month, Alibaba said. Mike Effle, chief operating officer of San Mateo, California-based Vendio, will become chief executive officer of the business, while Vendio CEO Rodrigo Sales will be a strategic adviser, Alibaba said.

The acquisition is part of a $100 million investment plan announced in April for Alibaba?s AliExpress, the Chinese company said. AliExpress is an e-commerce site targeted at international buyers.

Alibaba?s goal is to improve Vendio merchants? profit margin by 30 percent to 50 percent, ?as quickly as possible,? Wei said.

Source : Konaxis

Business sector said: This is also the country’s first url endorsement business license.

Online Shop business license has no differences in the format and requirements from other self-employed business license, but in the “place of business” column, it marks the detailed url at taobao of Online Shop.

In recent years, there are more and more online shops. According to incomplete statistics, only Zhuankou areas of Wuhan, there are nearly 300 individual business registered on the Internet. However, with the exposure of net purchase scam, online shopping disputes, online shops also led to many consumer complaints.

It is understood that zhunkou businesss sector request the stores to provide online domain certificate with stamp in that complaints regarding online shopping increased a lot. Business sector will endorse business license after verify the authenticity and publish its business license information in public place.

According to Wuhan business sector sources, following the starting of online shop real name system pilot in the city, it will be promoted across the city.

After Liang Chunxiao made the above remarks, the hot Taobao logistics strategy was above the surface. June 18, Taobao launched “Logistics Bao” platform, which means its large logistics is above the surface. Gong, director of logistics platform Taobao said logistics would interconnect taobao and logistics, in order to solve the current online stores problems. It is reported that, independent B2C Web site can also use the platform.

Data showed that by the end of 2009, courier companies had a collective price increases for Taobao sellers. Since this year, alibaba was frequently involved in the logistics industry: in March it announced purchasing shares of private courier companies – xing chen ji bian; in May, its online wholesale e-commerce platform “global express sell”, and formed the strategic alliance with world’s largest UPS logistics business.

Liang Chunxiao said: “among the three big mountains that hinder the development of electronic commerce in China, credit and payment have been solved, but logistics still have not been solved yet, but meet more and more serious challenges.”

Payment institution which intends to continue with “payment business license” should apply for renewal of registration at local branch of Chinese people’s central bank within 6 months before the expiration. Each renewal is valid for 5 years.

Chinese people’ bank announced today at the official website of the “non-financial institution payment service management approach” , without the approval from the Chinese people’s bank, any non-financial institutions and individuals shall not engage in or disguisedly engage in payments business. The method has been approved on May 19, 2010 by 7th President Office Council meeting. Starting from September 1, 2010 the regulations will come into force.

Regulations are clear that if the non-financial institution is going to provide payment services, it should apply for the “payment business license” based on provisions to become a payment institution.

For non-financial institutions in business before the publishing of this approach, they should apply for “payment business license? within 1 year after the implementation of this regulation. Institutions overdue in admission may not continue to make payment business.