China Securities Journal reported on Monday that the exact date hasn't yet been decided, as it takes time to get feedback from supervision departments and finish system tests between Taobao and fund companies.
Taobao.com, China's leading online shopping platform, has delayed the sale of fund products until late September at the earliest, Monday's China Securities Journal reported.
Online shopping is no longer exclusively for city dwellers, as residents of smaller locales are now spending more money buying goods on the Internet.
The resource dependent Australian economy is in a holding pattern as the tension ahead of a critical federal election ramps up. All eyes are on the bell-weather retail industry and Aussie consumers, who, according to a leading economist, have "gone on strike" in 2013.
E-commerce giant Alibaba Group, which runs Taobao.com, has established a new business offering customers higher investment yields than interest from banks.
While waiting for the subway, Beijing citizen Lin Jun fishes out his mobile phone and places an order for 50 face masks via Taobao, a consumer-to-consumer portal similar to eBay, with only a few clicks.
On Tuesday, China's online search leader Baidu announced it will pay 370 million U.S. dollars to buy the online video business, PPS.
With China's sudden emergence as a nation of intrepid globetrotters, many global tourism organizations like Destination NSW (DNSW) in Australia are rolling out innovative strategies when it comes to tapping what is now officially the world's largest outbound tourism market.
A draft amendment to the consumer rights law has ignited debate regarding its fairness, as it calls for a seven-day "cooling-off" period that would allow shoppers to return merchandise for a full refund.
Internet is often said to make the world a global village. In the business world, it also helps companies reach customers in every corner of the earth. In a business contest named "Hong Kong SMe Heroes Challenges", four SMEs shared their strategies on how to use the Internet to expand their business.
China's e-commerce giant Jingdong Mall announced Saturday that it has secured 700 million U.S. dollars in its latest fundraising effort.
China's farming market is undergoing changes in the digital era, while farmers open stores online, riding on people's rising demand of original and healthy food products.
An average of 20,000 Chinese families buy farm produce online every day. Online shopping is becoming a new and promising way on consumption
A senior Chinese official has lost his job for "improper life style", state media Xinhua says Thursday.
Two officials in southern Chinese province of Guangdong were recently exposed online due to holding multi-million dollar property portfolios that suggests corruption. Now, disciplinary authorities have begun investigating the accusations.
China's top legislature approved Friday rules to enhance the protection of personal information online and safeguard public interests, requiring Internet users to identify themselves to service providers when signing web access agreement.
As shopping malls in Beijing were gearing up for the Christmas sales with dazzling decorations and price promotions,an increasing number of consumers, however, turn to online shopping. With just a mouse click, one can buy high-quality stuff online at much cheaper prices. In the first 11 months of 2012, China's two biggest e-commerce platforms reaped over 1 trillion yuan in revenue. E-commerce is now bringing revoluation to the lifestyle every Chinese...