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CNNIC To Launch Domain Name Management Credit System

1:54 am on Jun 5, 2008 (gmt 0)

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This may bump up against some of the other Chinese payment platforms, like Alipay from the sounds of it.

CNNIC To Launch Domain Name Management Credit System [chinatechnews.com]

In response to the ever increasing Internet company credit crisis, China Internet Network Information Center is proceeding with a domain name management credit system for e-commerce sites.

With its unparalleled advantage in domain name resource management, CNNIC says it will build an authoritative and solid credit service platform through a full-range verification process. With the development of China's digital sector, e-commerce websites are facing more credit problems as they deal with online buyers. CNNIC says that bad online shopping behaviour causes more than CNY500 billion in economic loss to China each year.