B2B Marketplace DHGate Sheds Employees With Uncertainty In Raising New Round?

DHGate.com, a wholesale trading platform targeting small and medium sized-companies is rumored to shed 50% of employees across the board.

A former DHGate staff leaked out the news, saying headcount of the B2C site would down to no more than 400 from about 1000 after the stealth downsizing. The tipster also disclosed that DHGate is running low on cash while a new round of funding is far off.

Founded in 2004, DHGate has long proclaiming itself as the 2nd generation of B2B service to differentiate from Alibaba, what the company called the 1st generation B2C site.

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