Alibaba.com Releases TrustPass Stats, Taobao GM Rumored To Resign

Group subsidiary Alibaba.com Ltd (1688.HK) has recorded average domestic transaction volume of RMB 600,000 per year for enterprises users of its business-to-business (B2B) e-commerce service TrustPass, reports qq.com quoting Alibaba Group B2B vice president Wu Minzhi. Wu added that the size of the company's domestic business may likely surpass that of international business in the future, but for now they are basically the same.

Former Alibaba Group and China Yahoo vice president Jasmine Shen resigned last week, reports BiaNews quoting an unnamed source. Previous rumors suggested that Shen planned to resign because she lost influence after being transferred to Alibaba Group's consumer-focused e-commerce site Taobao.com as search department general manager. A China Yahoo public relations department employee said she was not aware of Shen's resignation. Shen joined China Yahoo as vice president on November 17, 2006