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 […]
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Suning Shopping RedBaby and Masa Maso for Expansion?
We just heard spreading rumors claiming that Suning is looking to acquire RedBaby and Masa Maso, two vertical B2C services with focus on maternity-children items and men’s apparel respectively. Chinese B2C service Suning ranked No.3 among its peers by market share, according to a latest report, though its share of 2.35% trailing behind Tmall’s 37.38% […]
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Qunar Launches New Platform to Serve Partners
Chinese consumers have grown accustomed to the annual summer promotion buzz when major Chinese B2C sites like 360buy, Amazon, Dangdang and Taobao Mall tout to buyers with discounts, rebates. And now the buzz for the first time spread to the OTA sector with eLong, MangoCity and Ctrip successively announcing big money for the OTA price […]
