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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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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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$123 billion) in H1 2013 to 1.08 trillion yuan in H1 2014. The whole-year sale […]
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DangDang Opens Store in Tmall
Ever imagine Amazon to operate a store on eBay? How weird would that be? Well it’s actually happening in China. Dangdang, which is hailed as the Chinese Amazon and has its own open platform for 3rd party online merchants, announced to operate virtual stores on TMall, the B2C platform of Taobao, which was inspired by […]
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Dangdang CEO: Price War Won’t Last Long
The Chinese B2C warfare in this year is more ferocious than ever. And it’s not over yet; many have declared that in the next half it would be even tougher. Fortunately someone is calling for a truce. Li Guoqing said in a recent interview that, “I don’t believe my peers still want a price fight […]
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U.S. Black Friday Versus Chinese Double-Eleven Day
Black Friday, the kick off to the holiday season for brick-and-mortar retailers, has been envied, and then been borrowed and repainted into the Cyber Monday by U.S. etailers. Black Friday in this year recorded more than US$ 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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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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Who’d be the Next Taobao for Offline Services?
When O2O (online to offline) commerce became the next hot topic, after group-buying, in China, it was taken by a lot of failing or declining businesses as life-saving straw, especially those who have anything to do with local economy, say, group-buying or classifieds services. It’s not hard to come up with a dream of becoming […]
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Qunar CEO: We Aimed At 1% of China GDP
Qunar, Chinese online travel booking service seems to be growing to a ‘super’ company, even on a par with Ctrip in just a few years. The local magazine The Founder interviewed the team and this was the summary of the report. Overall, Mr. Zhuang Chenchao, CEO of Qunar was seemingly confident of the future as […]
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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 […]
