Two of the largest online retailers in China are having a price war. One of them is Dangdang, a leading online book store in China that has just listed in Nasdaq. Another is 360buy, the largest online retailer in China by revenue and the most aggressive player in the industry. (Here is an article from […]
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Walmart Invested 360buy, the Biggest 3C Online Retailer in China
Liu Qiangdong, the chairman of 360buy, the biggest 3C online retailer in Chinese B2C market, today disclosed its series C venture investment, the amount is over $500million. Liu said this round of investment is not from venture capitals, but also from some strategic investor including Walmart and other six large internet companies. Walmart is starting […]
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Dangdang.com Goes Public in Nasdaq Next Month
I was having a lunch with a friend today. And he told me, next month, i.e. November, the largest Chinese online book retailer, Dangdang, will be going public in Nasdaq. As one of the first major Chinese e-commerce sites going public, it must create lots of fuss. I heard from an investment bank source that […]
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Tips for Luxury Brands in Chinese e-Commerce Market
Sales of luxury goods grew 12% in 2009, to $9.6 billion, accounting for 27.5% of the global market, according to Bain & Co. In the next five years, China’s luxury spending will increase to $14.6 billion, making it the No. 1 luxury market globally. In 2009, China overtook the U.S. to become the world’s second-largest […]
