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.

Beijing Municipal Business Commission has issued a circular which encourages retailers to set up online stores and virtual featured commercial streets, and to increase the number of categories of goods offered based on the offline stores.

Following the lead of other e-commerce companies such as Taobao.com, Youa.baidu.com, the Internet shopping platform launched by Baidu, has closed 15 stores for selling fake goods.

IBM and China's eFuture Information Technology announced the launch of a Software-as-a-Service solution for the retail distribution industry in China.