Dangdang was once a top e-commerce platform, but a drawn-out power struggle as well as divorce drama between Li and his ex-wife and co-founder has clouded the company’s future.
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Posted inWith Chinese Characteristics
INSIGHTS | Corporate intrigue triple header
Chaos in the C suite at Dangdang, Arm China, and Bitmain as managers test the limits of their powers—and sometimes sideline their own boards.
Posted inHeavy Hitters
Briefing: Co-founder of China’s once touted Amazon announces his departure
Despite Dangdang’s early rise to prominence, the online bookseller is gradually losing the battle with younger competitors.
Posted inHeavy Hitters
Alibaba removes youngest partner Jiang Fan after affair accusation
Jiang Fan was widely seen as a potential successor of Zhang Yong, the current CEO of Alibaba Group. This tough career setback of the 35-year-old Jiang might mean a change to the e-commerce giant’s succession plans.
Posted inHeavy Hitters
After Singles’ Day’s dazzling first decade, what’s next for global shopping fest?
New technology, markets hold promise but gloomy economy and increased regulatory control pose threats.
Posted inNews
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 […]
Posted inNews
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 […]
Posted inNews
LightInTheBox President Kevin Wen on Building a Cross-border Online Retail Business
Chinese online retailer LightInTheBox was aimed at global audiences from day one, Kevin Wen, co-founder of the company, told us today at 2014 TechCrunch China/ TechNode event in Beijing. Back in 2007 when LightInTheBox was founded, there were only three well-known e-commerce sites in China, Taobao, Dangdang, and Joyo (would be acquired by Amazon). And all of them were targeting […]
Posted inNews
B5M Claims It’s the Largest Independent Shopping Search in China, Announcing $16 million Series B Round of Funding
B5M claims it’s now the the largest independent shopping search service and the second largest after Alibaba’s Etao in China. Launched in December 2011, B5M has indexed 300 million items from Taobao & Tmall, over six thousand business-to-consumer sites, over 200 group-buying sites and over 40 social shopping websites. There are more than 3 million visitors and 50 million […]
Posted inNews
New Features That Helps WeChat To Gain Foothold In B2C Sector: Alexis Bonhomme, GM of WeChat Integrated Agency Curiosity China
Although instant messaging tools are most commonly used by individuals for personal communication (C-to-C), WeChat, a leading Chinese IM app, gradually established its presence as a major channel of online marketing (B-to-C). The newly launched WeChat 5.0 gives special focus to business users by adding a list of new features that caters for the business […]
