1. Tencent Invested In B2C 3C Site 500CCC.com

Newly founded B2C 3C site 500ccc.com confirmed its partnership with Tencent. The site was founded on June 28 this year with an sharpen focus on 3C products ranging from computer, mobile, home appliance.

The new comer differentiates itself from 360buy.com or NewEgg China by its “city-focus” strategy, that means, 500CCC.com builds an independent website for each city it operates in. It also delivers and provides after-sale service through the city branches, just like a local store next to your neighborhood. That’s exactly what the big names are missing.

 

2. Serial Entrepreneur Wang Xin Launches Tumblr-like Service Mibuo.com

Serial Entrepreneur, founder of Fanfou (Twitter-like service), Xiaonei (aka Renren.com) and Meituan Wang Xin marches into social media forefront again with the debut of Mibuo.com, a Tumblr-like service.

The site is sill in beta version and you need an invitation to sign up, but for those who already are fanfou.com users, just login in with you Fanfou account and try it out.

3. Lashou To Initiate IPO Soon, Rumor Says So

According to unconfirmed rumor, Lashou, the China’s Groupon copy, will initiate IPO process soon. And hold on, there’s a rumor yesterday saying the company is delaying its IPO due to the retreat of investment banks.

The latest spreading rumor said that Lashou actually is looking for new underwriters to replace Morgan Stanley and Goldman Sachs.

Interestingly, Groupon puts off its IPO plan due to market turmoil, if Lashou’s IPO rumor is true. Then Groupon will have to see the swift-footed newcomer go public even before itself.