Posted by Zhang on October 29th, 2009
This is the 1st hand news from ChinaItBlog. Alipay, the biggest online payment platform in China, is experiencing site downtime on Thursday Afternoon. It’s an accident caused by a careless deployment.
Alipay is considered as “The Paypal of China”, and processes over 1 billion RMB trading everyday . This sudden maintenance has also affected taobao. The users of taobao, are not able to pay for transactions they’ve created.
Alipay said it would be back in an hour, in its annoucement.
Posted by Zhang on October 27th, 2009
Today, with the release of Q3 financial report, Baidu (NASDAQ:BIDU) annouced that it will close the old bid ranking service, and migrate the customer to new system called “Feng Chao“. Feng Chao is a new marketing tool that developed by baidu, to replace the bid ranking service, it went public on Apirl 20th, 2009.
And the bid ranking service, which was the most profitable one, and which supported Baidu’s eight years of rapid growing, will be finally closed in December, 2009. However, Baidu has also lowered profit forecast in the financial report, which lead its share price drop.
“About 70% of our customers are now taking advantage with Feng Chao, so it’s the right time to migrate all customers to the new platform”, said Robin Li, CEO of Baidu. It is no less than a phoenix‘s nirvana of Baidu; and in Chinese, “Feng Chao” means “the nest of phoenix”.
Best wishes.
Posted by Zhang on October 27th, 2009
Last week, Taobao, the largest personal online trading platform in China, the second biggest subsidiary of Alibaba (HKG:1688), has launched a standalone search engine with a subdomain search.taobao.com.
As a large trading platform, Taobao manages tons of information of products. As a open platform, Taobao has a strong desire to label all e-commerce websites “powered by Taobao”. Actually, this is the blueprint that called “Big Taobao”.
Thus, a search engine for “Big Taobao” is required.
However, this new search engine is no more than a alpha version. For one thing, the domain “search.taobao.com” is quite funny: the first section is a English word “search”, but the second section is pinyin “taobao”. This is really hard for those primary users in China. For the other thing, taobao’s lack of tech hurts the result. “Taobao’s search even don’t know word segmentation”, said a Baidu’s Senior Engineer.
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