News@ChinabyNumbers

China’s largest retail website Taobao and Yahoo! Japan launched a joint service yesterday which they hope will create the world’s largest online shopping market. The service is expected to attract 250 million customers and offer 450 million products, far more than US rival eBay, which has 90 million active users. Online stores on Taobao will [...]

China’s three major state media companies, China Central Television (CCTV), Xinhua and the People’s Daily could each receive about US$2.2 billion from the Ministry of Finance to fund their global expansions. Plans include Xinhua launching an Asia-based television network modeled on Qatar’s Al-Jazeera, and increasing the number of its foreign bureaus from 100 to about [...]