Chinese online apparel site Mecox Lane loses US$ 3.4 million in Q2 of this year on revenue of 58.7 million. The company was still making money last Q2 with net income of 4.1 million.

Mecox Lane attributes the problem to a). online sales which has lower revenue accounts for a larger part of its net operation income; b). 3rd party brands which have lower gross margin compared to it own brand make a larger proportion of its income; c). due to mounting competition, the site had to give away more coupons then before.

Giant internet company Tencent announced the launch of its own Mobile App Center to provide both app developers and mobile users an all-around, cross-platform mobile apps download service.

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Ben Jiang

Listener of startups, writer on tech. Maker of things, dreamer by choice.