Chinese Internet portal NetEase.com has launched a new coupon platform, Quan.163.com, marking its latest online move following the unveiling of its recent lottery and insurance e-commerce businesses.

Alipay.com, the third-party Internet payment subsidiary of the Chinese B2B e-commerce group Alibaba, has launched a new Internet trading platform for second-hand products.

Chinese Internet search engine Baidu.com announced last week that it has started business adjustments concerning its Youa platform, and the consumer-to-consumer business of the platform will be closed in one month.

According to statistics from online retail platforms such as Taobao.com and Eachnet.com, the average daily trading volume of Chinese online shops was about CNY300 million, a year-on-year increase of 200% — and this was double the pre-holiday volume.

According to the Survey Report on Online Shopping in China 2008 released by China Internet Network Information Center, the total volume of online shopping in 19 big cities in China reached CNY16.2 billion in the first half of 2008.

According to the e-commerce supervision and management regulation promulgated on its website by the Beijing Administration for Industry and Commerce, from August 1, 2008 profit-making online shops must get a business license before starting operation.