Chinese e-commerce website Alibaba.com plans on launching their own mobile operating system called Aliyun OS. The Aliyun OS will be on the K-Touch K700 phone. The Aliyun OS will eventually be added to tablets later this year too. Aliyun has been in development over the last three years. Aliyun will support GPS, contacts, SMS storage, photos, etc. Third party developers will also be able to develop cloud apps over their own servers or utilize AliCloud’s infrastructure. [Penn-Olson]

Groupon has launched in China under the name Gaopeng.com. The website will initially cover Beijing and Shanghai. Tencent Holdings and Yunfeng Capital are investors in Gaopeng. Yunfeng Capital is a private equity fund started by Alibaba.com Chairman Jack Ma. Some of Gaopeng.com’s competitors include Lashou.com and Meituan.com. [Bloomberg]

Alibaba.com Limited (HKG:1688) is planning to spend $4.5 billion to set up a network of warehouses across China. The investments will be made in about 3-5 years. Yahoo! Inc. (NASDAQ:YHOO) owns about 40% of Alibaba.com and it is one of their best investments to date. Alibaba.com has about a 75.2% stake in the e-commerce market in China.

Alibaba.com Limited (HKG:1688) and Microsoft Corporation (NASDAQ:MSFT) have partnered with each other to create a new website called Etao. Yahoo! Inc. (NASDAQ:YHOO) owns about 40% of Alibaba.com. Etao has the potential to be a major competitor to Baidu Inc. in China. Etao would also drive traffic to Alibaba’s retail website Taobao.com.

Alibaba.com Limited (HKG:1688) said that they have “moved on” from talks with Yahoo! Inc. (NASDAQ:YHOO). Essentially Alibaba wanted to buy back stake in their company that Yahoo! owns. But both parties have failed to reach an agreement this year.

Alibaba.com Ltd. CEO David Wei said that the company is working on a new business strategy where clients can sell wholesale products world-wide to online e-commerce services like eBay.com.

Chinese e-commerce service Alibaba.com management execs revealed that they want to buy back 40% ownership in their own company that is held by Yahoo! Inc. (NASDAQ:YHOO). After that Alibaba Group wants to get listed on the mainland China stock exchange.

Jack Ma, the chairman of B2B trading website Alibaba.com Ltd. (1688.HK) and Target Media Holdings Ltd. founder Yu Feng have teamed up to start a private equity firm to invest in Chinese IT companies. Yun Feng Capital, the name of the new venture company, will have a value of about CNY10 billion ($1.48 billion). Ma is making the investments personally. Yahoo! Inc. (NASDAQ:YHOO) owns 39% of Alibaba Group.