China is one of the most advanced countries in the world. One of the major reasons for their advancement is due to their internet. In comparison to other nations around the world, Chinese online businesses can be looked at to be innovative in many ways. Although experiencing success there has been difficulties as well. According to www.Chinacsr.com , the 2010 China Online Shopping Security Report released by Kingsoft there were over 100 million Chinese Internet users cheated by false online shopping information, causing direct economic losses CNY15 billion. With Internet power continuing to increase, Chinese internet providers have to provide more stability. Not only has there been complications of online shopping in China but there has been problems with companies such as Google, Yahoo and Microsoft. According to www.icrmrindia.org the complexity of the Chinese language, the inability of forgeign companies to understand local culture and preferences, and rigid government regulations were major factors that affected Yahoo's performance in China.
Fortunately for Chinese internet users there have been attempts to improve the internet in China but there is still a lot of work that has to be done. According to www.Chinacsr.com Internet companies Kingsoft and Tencent have announced their intentions to join Baidu's recently launched campaign to make the internet a safer place. They are aiming to crack down on false information in the Chinese Internet shopping sector and have a reliable online shopping environment for netizens. According to www.icmrindia.org in order to establish Yahoo, Yahoo has handed over the management of its Chines operations to the Alibaba Group.