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Glamabox is Asia’s Birchbox Clone, For Home Delivered Beauty Products
[Translate] This article was contributed by Joanne Tsai with minor editing by Jason Lim. In September 2010, two young and beautiful Harvard Business School graduates Hayley Barna and Katia Beauchamp founded Birchbox.com and launched the online beauty product trend all over Europe and America. Due to this recent phenomenon, this business model has become the newest...
Report: China B2C Hit $38B in Sales in 2011
[Translate] China B2C market generated US$ 38 billion (RMB 240 billion) in sales in last year, up 131% from the same period a year ago, according to a report by Beijing-based market researcher AnalysysInternational. For the last quarter of 2011, the transaction volume reached 12 billion across the market. The report shows that the momentum...
U.S. Insults China By Listing Taobao as “Notorious” For Piracy and Counterfeit Selling
[Translate] IDG News today reported that China’s Ministry of Commerce was deeply unsatisfied with the U.S. Trade Representative (USTR) listing of China’s Taobao on the world’s “notorious market” list for piracy and counterfeit offenders. “Since there is no conclusive evidence, there is no detailed analysis, this is very irresponsible and not objective,” said Ministry of...
Farm Produce Online: Are you willing to pay a premium?
[Translate] Food safety is no longer a heated topic as we are so used to these problems. What I’m curious is, whether we are willing to pay a premium for de-industrialized food products sold online? Several e-commerce companies already made attempt for this niche market. Nongren is a farm produce e-commerce corporation based in Shanghai....
Renren Launches Pinterest-like Service
[Translate] Add China’s Facebook Renren to the list of Pinterest “tribute-payers”, the social networking service just launched its own Pinterest-like service J.Renren.com (Renren Guangjie or 人人逛街) to tap into the trend. There’re a dozen of similar services in existence already as we wrote before. Renren Guangjie, shares the same approach as all the other copycats...
Airizu – the Airbnb of China
[Translate] San-Francisco based Airbnb matches people seeking vacation rentals and other short-term accommodation with those with rooms to rent. Its services become very popular, since the company founded in 2009. In last July, we reported about Airbnb’s series B fund raising of US$212 million and a local company, Airizu, which had just started short term...
Letao Raising $30M in Series D
[Translate] China’s Zappos Letao is raising US$ 30 million in Series D from investors including Ceyuan Capital, DT Capital Partners and Tiger Fund which all participated in the company’s previous fundings. Letao didn’t mention who led this round of financing though. Letao could live well for another three or four years without making any money by...
360buy Acquires Minitiao to Expand Inventories
[Translate] 360buy.com, the Chinese online general store stealthily acquired Minitiao for undisclosed sum, a Shanghai-based B2C fashion boutique focusing on Japanese goods targeting elites and hipsters in China. Minitiao went online in June of 2011 with categories ranging from women’s apparel, shoes, accessories, home supplies to daily necessities. The company also has its own fashion...
Winter Sets in? Shanda Pinju to Close Down
[Translate] Last night, a Sina Weibo post broke that Pinju, the Shanda online retailing arm would be shutting down in next week. When asked about the rumor, Ge Binbin, founder and CEO of Pinju surprisingly admitted that “no more rumor refuting! Our funding hasn’t been available yet. Pinju will make an official announcement in next...
NetEase Shutting down Online Luxury Service
[Translate] NetEase, the Chinese portal/gaming company announced shutting down its luxury goods online retailing business NetEase Shangpin (网易尚品 l.163.com) by year-end, less than one year after its launch earlier this year. NetEase Shangpin owns six categories including bags, jewelry, apparel, watches, shoes and wines with top-notch luxury brands Hermes, Gucci, Burberry, Swarovski and so forth....
Baidu Related Leho.com Launches, a Social Platform for Local Businesses
[Translate] Last month, we reported about Youa.com, a company spun off by Baidu that was originally created to compete with Taobao in the e-commerce space. After raising tens of millions USD in venture capital, Youa.com has created Leho.com, a social platform for local businesses to connect with consumers. Leho, aims to help businesses set up...
2012: The Year of Online to Offline?
[Translate] Yesterday The Great Wall Club hosted an event themed Online to Offline or O2O at the co-working space, Garage Café in Zhongguancun. This new strange acronym is the latest emerging trend, following LBS (Location Based Service) and SOLOMO (Social, Local, Mobile). So what is O2O? The definition may vary, but essentially it means attracting...
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