Chinese Internet shopping website Taobao.com has announced that it has cooperated with its sister company Alipay.com and Bank of China in the launch of a co-branded credit card.

Taobao.com, the Internet shopping subsidiary of the Chinese B2B e-commerce group Alibaba, has announced that it has started to deploy offline authorized stores to provide convenience to consumers who do not wish to shop online.

According to reports in local media, Chinese Internet retailer Taobao.com has launched a software application store as an enhancement to its Taobao Open Platform.

Taobao.com, the Internet shopping subsidiary of the Chinese B2B e-commerce group Alibaba, has announced that it will cooperate with Lenovo, China Telecom, and TCL to launch three types of customized mobile phone products, which are expected to be put into the market at the beginning of 2010.

According to Ouyang Weimin, the director of the Payment System Department of the People's Bank of China, PBOC plans to issue licenses to Chinese online third-party payment platforms to bring more competition and a higher level of security into this sector of the industry.

China Unicom has announced the opening of its official iPhone specialty store on Taobao.com.