Yaodian100.com Going Bankrupt: Yaodian100.com, the self-claimed China’s first online general store is on the verge of going bankrupt, according to industry insiders. The site is currently looking for someone who’s willing to take up the slack, the tipster said.
Founded in 2009, the Shanghai-based etailer received venture funds from Qiming Ventures, Baidu and Intel.
Net-a-Porter Coming to China: British luxury site Net-a-porter is reportedly coming to China by the end of this month through the acquisition of theoutnet.com, a Chinese luxury site. Net-a-Porter is expected to set up a distribution center in Hong Kong next year to serve the Asia-Pacific market.
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