Oct 24, 2011
Alibaba Cloud Computing ("AliCloud"), the cloud technology subsidiary of Hangzhou-based e-commerce conglomerate Alibaba Group, today announced it is partnering with Chinese private equity firm Yunfeng Capital to establish a RMB 1 bln cloud computing investment fund aimed at supporting developers for AliCloud's cloud platform and mobile OS.
Chinese oil and food import/export firm COFCO's subsidiary and food product B2C website Womai has responded to customer complaints that orders placed since October 8 have still not been delivered, stating that the delay was due to warehouse upgrades, but did not mention any resolution or compensation.
Hangzhou-based DTV and IPTV operator Wasu Digital Television Media Group, in partnership with local cable TV operators, today established Zhejiang provincial cable TV operator Zhejiang Wasu Cable TV Network Co., Ltd. Wasu Digital Television Media Group will be the majority shareholder of the new company, which will consolidate Zhejiang's provincial, city, and county-level cable TV operators.
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