TechCrunch Beijing is quickly approaching and we can’t wait. For all the aspirational geeks and entrepreneurs out there, TechCrunch Beijing Summit features a two-day hackathon from November 5 to 6 and two-day main stage talks from November 7 to 8. At the same time, a series of exciting parallel events will be held raging from […]
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China’s M-commerce Turnover Rockets 378% YOY to 254B Yuan in H1 2014
China’s high-speed increase of e-commerce industry in the past decade seems to drawing to a close in recent years. According to report released by China e-Business Research Center, Chinese e-commerce volume sales increased by 43.9% YOY from 754.2 billion yuan (around US$123 billion) in H1 2013 to 1.08 trillion yuan in H1 2014. The whole-year sale […]
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Rural China: The Next Battlefield for Domestic E-commerce
China’s urban e-commerce market is nearing saturation after years of explosive growth, a trend leading China’s online retailers to address the untapped markets in rural areas. Nearly 50% of the country’s 1.36 billion population lives in rural areas; however, less than 30% of rural residents are online and only 10% have bought things online, according to […]
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DangDang Opens Store in Tmall
Ever imagine Amazon to operate a store on eBay? How weird would that be? Well it’s actually happening in China. Dangdang, which is hailed as the Chinese Amazon and has its own open platform for 3rd party online merchants, announced to operate virtual stores on TMall, the B2C platform of Taobao, which was inspired by […]
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Dangdang CEO: Price War Won’t Last Long
The Chinese B2C warfare in this year is more ferocious than ever. And it’s not over yet; many have declared that in the next half it would be even tougher. Fortunately someone is calling for a truce. Li Guoqing said in a recent interview that, “I don’t believe my peers still want a price fight […]
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Jingdong Mall Grabbed $400M Round at $7.25B Valuation
Local media broke (here and here) that JingDong Mall, the Chinese B2C giant has just completed a new US$ 400 million financing round which values the company at US$ 7.25 billion (another saying we heard is raising US$ 350 million at $7 billion valuation). Some of the investors in this round include OTPP (Ontario Teachers’ […]
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U.S. Black Friday Versus Chinese Double-Eleven Day
Black Friday, the kick off to the holiday season for brick-and-mortar retailers, has been envied, and then been borrowed and repainted into the Cyber Monday by U.S. etailers. Black Friday in this year recorded more than US$ 1.04 billion in sales, according to comScore. As for Cyber Monday, sales is expected to hit US$1.5 billion. […]
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Tencent Open B2C Platform Coming Soon
Local media reported that Tencent this week would be holding an internal meeting featured around 300 merchants discussing its buy.qq.com, signaling that the company is considering opening up its B2C platform. Having received $1billion investment from Tencent, the e-commerce subsidiary of the penguin Kingdom is speeding up. A Tencent staff revealed that, user experience and […]
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Rumor: Lafaso Completed New Round
Local media broke today that Lafaso.com, a cosmetic etailer founded by celebrity anchor Li Jing has raised US$ tens of millions lately. Lafaso hasn’t commented on the rumor yet. The site was formally funded by Sequoia China at its founding in 2008. Wang Licheng, its CEO said in an interview earlier this year that Lafaso […]
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Report: Chinese B2C Sector Reached RMB 81M in Q1
According to Beijing-based think tank AnalysysInternational’s newly released report, the total transaction value of China’s B2C market in Q1 reached RMB 81.87 million, up 7.6% from last quarter or up 73% from a year earlier. Tmall.com still leads the team (37.38%), and 360buy is catching up with a share of 17.23%. Analyst Chen Shousong from […]
