Taobao, a Chinese shopping Web site, and Yahoo Inc.'s site in Japan (Yahoo Japan) are teaming up to allow businesses that use either site to sell through the other as well.

Business-to-consumer IT e-commerce site 360buy.com announced March 11 that it has completed the acquisition of SK Telecom's (NYSE:SKM, 017670.SEO) Beijing-based business-to-consumer shopping site Qianxun.com, reports Sohu. 360buy.com did not reveal the price of the acquisition, but a company insider said that compensation was between RMB 3 million and RMB 4 million, the report said.

Home appliance retailer Suning's e-commerce platform SUNING.CN formally went live today and the retailer giant also announced its future development strategy of occupying more than 20% of the home appliance e-commerce market to make it China's largest 3C (computer, communications, consumer electronics) home appliance B2C website.

Google has today revealed that in mid-December, they, along with a number of other large companies in the Internet, finance, technology, media and chemical sectors, were targeted in a sophisticated cyber-attack. This attack on their infrastructure originated in China, and resulted in the theft of intellectual property.

Following the announcement of the closure of its social networking service Yahoo Guanxi a few days ago, China Yahoo has now announced on its official forum that it will shut its space service on October 30, 2009.

Chinese B2B e-commerce group Alibaba.com has announced that based on its "Big Taobao" strategy, the group will merge its lifestyle website Yahoo Koubei into its Internet shopping platform Taobao.com.

China's Ministry of Culture and Ministry of Commerce have jointly focused on the management of virtual money for online games with a new regulation which states that virtual currency should not be used in trade of real goods and services.

Recently, Baidu's new community product--Tieba Club, so-called "Baidu Post Bar Club," went live quietly. Compared with TIEBA.BAIDU.COM,  Tieba Club has a more intimate space and a more liberal application

SK Telecom，one of the world's top 500 company, launched its e-commerce business in China, QIANXUN.COM, part of its strategic plan in China's Internet industry.

China Telecom launched a music Website, www.118100.cn, to provide free music download service before May 31. Users simply log on www.118100.cn, click the "Music Download" channel to enter the download page.

China's largest independent third-party payment platform, Alipay, announced its cooperation with China Mobile.

The nationally first flash game channel on the mobile phones goes live in kong.net. Visit http://f.kong.net as you surf the net on mobile phone, and you could then play flash games free of charge. Mobile-phone flash games are made from flashes on the web pages of mobile phones.

China Mobile announced the other day its development strategy for 3G, and put forward the “3 Don’ts Principle,” that is, no change of the number: the number used at 2G is still usable after joining in TD; no change of SIM card: users only have to insert their current SIM card into the TD mobile phone to experience the 3G; no registration:

In order to filter out spam short messages, China Mobile has recently released a new tool called Message Manager. Users could log in the website of China Mobile to download this tool, and install it into their mobile phones so as to systematically manage the short text messages.

Sichuan Baijia Food Co. Ltd, China’s largest instance sweet potato noodle enterprise, will march into the new business model of direct network sale at the end of this month. Baijia Food is planning to invest some ￥2mn to 3mn (around $292,000 to $438,000) to build the first direct network sale system in the foodstuff industry within two years.

China Family Education, www.chinajtjy.org.cn, co-established by All-China Women’s Federation and China Family Education Society and China.com, went live officially in Beijing yesterday.

Taobao.com recently is recruiting working stuff to research & develop and operate the SNS product, TAO JIANG HU, which means that taobao.com is strengthening its input in SNS. Now they are hunting for those who are experienced in operating products like BBS and blog, particularly products of SNS.

The internet shopping platform owned by Baidu, youa.com, has officially launched Youa Shop Assistant, through which, sellers will improve by a large margin the shop management efficiency, and will further simplify the daily maintenance cost. Therefore, this software is mainly focused on dealing with efficiency, breaks the bottleneck for massive uploading and editing information on commercial articles

Alipay (China) Internet Technolgy Co. Ltd announced its cooperation with Beijing Telecom. Not only post-paid E-Surfing users and firm network could pay on line through Alipay, but also prepaid users could buy recharging cards online via Alipay.

D. Phone, the biggest telecommunications chain store in China, announced that it has established a strategic union with CTRIP.COM, to win high-level mobile phone customers jointly. Both parties will launch the co-branded cards, providing users much preference in purchasing mobile phones and travelling.