Business-to-business transactions helped push e-commerce sales in the country last year to 1,144 trillion won (US$1.05 trillion), the highest amount recorded since 2001.
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Alibaba founder will step down as CEO come May 10 to make room for next generation of leaders, but will stay on as executive chairman to focus on the e-commerce giant's strategic and talent development.
Search giant said the service did not produce the impact as expected, and the closure comes three months after it also shut its China-only music download service.
Finnish handset maker will sell its smartphones directly on the Chinese e-commerce platform in a bid to boost sales and market presence in China.
Online sales in the third quarter jump 12.5 percent from the year before, but this marks the slowest growth rate in the country since 2009.
Having user registration based on invitation creates exclusivity and demand for service, but it could also put off users to turn to rival platforms as alternatives.
Taiwanese electronics manufacturer unveils its first online shopping site domestically, and will promote its 60-inch TVs and Musn-branded phones, as well as Sharp's Aquos smartphones.
E-commerce giant hopes the government will relax its law which currently prevents business-to-consumer (B2C) operators such as its Indian subsidiary Junglee.com from selling directly to customers.
U.S. retailer finally gets approval to up stake in parent company of Chinese e-commerce site Yihaodian to 51.3 percent, but deal is subject to certain business restrictions.
Amazon's strategy of giving free digital copies of purchased physical content, such as books and CDs, may not be suitable for region now, due to differences in market dynamics.