The B2C e-commerce website Dangdang.com reportedly plans to launch a new e-book business channel in the second half of December 2011.

Shanghai-based e-commerce company Lenian.cn has gained a CNY20 million infusion from an investment management company in Hangzhou, China.

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 electronics and home appliances retailer Suning has released its performance report for the third quarter of 2011, stating that from January to September 2011, the company's e-commerce business grew rapidly and realized sales of CNY4.079 billion.

Consumers and companies buying products from retailers via AliExpress in China are soon to lose an important Internet payment channel.

The People's Bank of China has published a report saying that it has issued licenses for non-financial institutions to operate payment businesses to 27 companies, including Alipay.com.