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China Technology VC
, China Technology Venture Capital
China Technology VC
China Technology Venture Capital
?The National Police Agency of China announced the locking out of Lineage accounts used illegally in China for trading items. It asked NCsoft to lock out Chinese traders?175,000 accounts used illegally. Some 161,000 accounts the National Police Agency ordered closed are free accounts effective only for three days and only 10,000 accounts are chargeable accounts. Free accounts are provided to users to test games without charge for three days before opening an official chargeable account.
?Alibaba.com and the Agricultural Bank of China (ABC) announced their signing of an agreement that will allow them to cooperate on e-payments. Under the agreement, the two companies will be jointly working on e-payments for both the enterprises and individuals. The cooperation is aimed at reducing the online trade credit risks and to improve the e-commerce market in China. The Agricultural Bank of China has about 30,000 branches with the leading e-bank network in the country. Alibaba runs online commerce sites that link foreign buyers with Chinese wholesalers. It has recently announced that it has no plans in the near future to prepare for an IPO.
?Global eXchange Service Inc (GXS), a provider of B2B e-commerce solutions, announced the setting up of a partner relation with China Enterprise Communications Ltd. According to the agreement, the two companies will jointly set up a B2B e-commerce platform, called China e-Auto Hub, in a bid to offer services to some 5,000 enterprises in China’s developing automobile industry. In the partnership, China e-Auto Hub will provide a safe and custom-built B2B e-commerce platform for China’s automobile industry. Those in the industry will be able to make online transactions with global trade partners and supply chains. China e-Auto Hub is the first e-commerce project in China’s automobile industry approved and sponsored by National Development and Reform Commission of China (NDRC) in 2005.
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Venture Capital Oversea, Angel Investor Foreign, Angel Investor Oversea |
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China Technology Venture Capital, China Technology VC
Investor Oversea, VC Foreign, Venture Capital Foreign, VC Oversea
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