China banks lower online payment limit to fight third party payment companies

Days ago, we have reported a piece of news about China Merchants Bank’s (CMB) cutting of online payment limit by shrinking the daily maximum consumption limit of the All-in-one card of General Edition to 500 yuan from 5000 yuan, and changing the customer-settled online payment limit of credit cards to “not over...

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Jou Jie of Lang Tao Jin Hopes Revenue over 100 Million in 2011

Dangdang and 360buy’s declarations of stop of payment for Baidu’s key words showed a desire of cutting down cost of online marketing. In fact, not just e-commerce websites, many enterprises are also seeking for the maximum result of online marketing. Undoubtedly, the age of performance marketing comes! Under this...

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Chinese Government Crack Down Piracy of Online Shopping

Days ago, 9 ministries including Ministry of Commerce and Ministry of Industry and Information Technology jointly issued a notice demanding for further cracking down of counterfeiting and piracy behavior in online-shopping, meanwhile requesting related departments of Zhejiang and Shanghai to urge Taobao, Eachnet and...

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Giant’s ZT2 peak concurrent user Tops 300,000

On April 29th, Giant Interactive declared the peak concurrent users of its new flagship game ZT Online2 tops to 300,000. Giant expressed that it means their innovative Third Generation in-game economy has passed the initial test. As insiders disclosed, ZT Online 2’s target set by Mr Yuzhu Shi, CEO of Giant, is that...

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Tudou Relaunch IPO to compete with Youku

Recently, after the suspension of IPO process causing from the divorce lawsuit of its CEO, Tudou resubmitted its prospectus to American Securities and Exchange Commission. Insiders analyzed that if everything goes well, Tudou will go public in May. As China’s video sites frequently go public presently, the listing...

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Ku6 Acquire Pipi to Enter Video Player Market

Yesterday, Ku6 announced to buy the P2P online video website Pipi.cn. Based on the agreement signed by two parties, Pipi will sell all its stock to Ku6 in exchange for Ku6’s additional 2,212,114,257 ordinary shares to Pipi’s share holders. The transaction is expected to complete in the second quarter this year....

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