Bu Guangqi, CEO of Chinese internet giant Tencent's (0700.HK) consumer electronics B2C e-commerce subsidiary 51Buy, announced today that beginning in September 51Buy will invest more than RMB 300 mln in marketing resources, including rebates, and will initiate a price war targeting competitor 360Buy in southern China. Read More...
Tencent Tech, 8/02/12
Daniel Zhang, president of Alibaba Group's B2C e-commerce site TMall, said on August 2 that the site's product search results now take customers' unique user IDs or cookies into account in order to present results informed by previous purchasing or shopping behavior. Read More...
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