The site - Formula1.com - was built by the Aspect Group, the firm behind the UK's Pop Idol site and Handbag.com.
Said Bernie Ecclestone: "The site is a breakthrough in sports coverage. Delivering the excitement of live race data and in-depth statistics, formula1.com is a vital new channel to continue building Formula One’s global audience."
Said Roy Abrams, chief executive at the Aspect Group said: "This site is a great challenge and very significant to our place in the industry."
