Top China Stories Today: 500CCC Downsizing; Shanda/Sina Mobile; Ding Lei Talks

500CCC Making Big Cuts: Chinese B2C pitfalls take two or three or whatever, after’s trimming down Beijing office,, the Beijing-based 3C vertical was said to be invested by Tencent. When being approached for comment 500CC replied saying it’s undergoing some sort of strategic restructure.

China Ecommerce Attracts $4.69B Last Year: China ecommerce market attracted US$ 4.69 billion (RMB 29.6 billion) through 93 disclosed investments in last year, according to Beijing-based think tank Zero2IPO Group.

360buy Makes Subway Stops Pickup Center:, the Chinese giant B2C site announced today that it ‘turns’ 20 stops on Beijing Subway Line 5 and Line 10 into its pickup center for customers’ convenience.

Rumor Says Shanda to Release Mobile Phone: Spreading rumor has it that Shanda is about to release its own smartphone in as early as this April. The device will be priced at RMB 999. Sina is also reportedly gearing up for a Weibo Phone. So I guess don’t try to label yourself as tier-1 Chinese Internet companies without your own OEM smartphone


Founder Talk – Ding Lei

Ding Lei, NetEase founder and CEO:

Ad sales for our portal business doubled over last two years.