BizChina

1 of Distribution centers in Hangzhou after 11.11 2016 Global Shopping Festival.

Alibaba Group Holding Limited (NYSE:BABA) today announced that RMB 120.7 billion (USD 17.8 billion) of gross merchandise volume (GMV) was settled through Alipay on Alibaba's China and international retail marketplaces on November 11, 2016. Mobile GMV settled through Alipay accounted for 82 percent of total GMV.

A Chinese electronics components firm said it will recall some of its products that were allegedly used to launch a cyber-attack in the United States last Friday, but refused to take the main responsibility, thepaper.cn reports.

Hackers unleashed a complex attack on the internet through common devices like webcams and digital recorders, and cut access in large areas in the US to some of the world's most popular websites including Twitter, Spotify and Reddit.

It is no secret that internet personalities these days can be as effective as expensive marketing campaigns. And China's major video portal Youku wants a slice of the action.

YouTube star Michelle Phan launched her own channel on China's major video portal Youku recently.

During her trip to China, she hosted a gathering for local fans and created makeup for some of them in Beijing, which was broadcast live on Youku on Oct 13.

China's e-commerce powerhouse Alibaba has released a laptop computer in partnership with Hewlett Packard and Intel Corporation.

The computer, released at the ongoing Computing Conference 2016 in Hangzhou, capital of East China's Zhejiang province, runs on Alibaba's own smart operating system YunOS, and will mainly be used in China's education sector and in offices.