Tmall.com, the B2C Internet shopping subsidiary of Alibaba Group, announced that it will cooperate with Danone and Nestle to launch direct sales and delivery of milk powder under six brands of the two groups, allowing Chinese consumers to enjoy the safe importation of milk powder products.

Alipay.com, the Internet payment subsidiary of Alibaba Group, confirmed that the company has formally established a new rural business unit, aiming to reach non-e-commerce users in third- and fourth-tier cities as well as in rural areas.

Chinese B2C e-commerce website 360buy.com and the Beijing branch of Bank of China are jointly launching a supply chain financial service platform.

Chinese third-party Internet payment service provider Alipay.com and the health consulting and medical treatment guidance platform 95169.com have reached a deal to provide Internet hospital registration services to users of Alipay.com.

Microsoft and Alipay.com have signed a strategic letter of intent in Beijing, stating that the two parties will jointly develop and distribute services to enhance Internet security and privacy protection for Chinese users.

Coach, a leading American designer and maker of luxury lifestyle handbags and accessories, has signed a memorandum of understanding with Taobao.com, the Chinese Internet shopping subsidiary of Alibaba Group, to prevent the sale of fake Coach products on this Chinese website.

Chinese social networking website Renren.com has announced that it will launch an interest-free housing scheme, and employees can apply for loans of between CNY200,000 and CNY400,000.