Dangdang, the Chinese online retailer launched its ebook service today with more than 50,000 books in its ebook store and 90% of which are priced under RMB 10 yuan (US$ 1.5 dollar). 360buy is also said to follow suit and launch its own ebook store in early next year with north of 80,000 books and […]
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DangDang To Launch Kindle-Like E-book Reader
Everywhere I go, I see people reading something on their mobile, iPad or Kindle. At least in Beijing, people make long journeys on public transport, to and from work, so they need to make good use of their travel time. Realizing the big market size, DangDang, a ‘Chinese Amazon’ is releasing its own version of […]
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Dianping Launches App With New Check-in Feature; Dangdang Launched Price War Against 360buy
1. Dianping Launches Revamped App With New Check-in Feature Dianping, the Chinese social rating site just launched a new version of mobile app featuring an interesting addition to its check-in function – whenever checking into a local restaurant, users can choose to publish how many people are queueing in the line from inbuilt options. The […]
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Do Not Buy Luxury Products On Amazon China & DangDang, Because They Are Counterfeits!
TechWeb today published a long article to condemn both sites, Amazon China and Dangdang are selling counterfeit products
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Vancl Raises US$230 Million in Round F Funding
Popular online fashion e-commerce company, Vancl has closed a big US$230 Million in round F funding. VC investors include IDG, Ceyuan, Lei Jun, Qiming, Toger and Temasek. Interestingly, Vancl CEO, Chen Nian founded Joyo with Lei Jun, which was later acquired by Amazon. Giving a keynote speech at an annual meeting, CEO Chen Nian mentioned […]
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Gaopeng Accused Over Counterfeit Tissot Watch
Gaopeng, the Groupon-Tencent JV in China was in trouble again. The Beijing-based group buying site was accused of selling counterfeit Tissot watches. Hundred of customers claimed that the RMB 690 yuan (US$108) Tissot watch they bought from a deal provided by Gaopeng wasn’t genuine, and was considering a class suit over the beleaguered website. Gaopeng […]
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Chinese B2C Online Retail Market Share in Q1 2011
Analysis International releases its research data on Chinese B2C online retail market share in Q1, 2011. It says that in Q1, 2011 the total transaction value of Chinese B2C online retail market has reached rmb 47.07 billions (~$7.3 billions). Taobao is still leading the market (31.4%), followed by 360buy (10.2%), Joyo (Amazon China, 2.3%) and […]
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eBay Seeking Acquisition Targets in China
Techweb reported that that eBay is eyeing acquisition targets in China to expand its market share. eBay expects 2011 sales from Greater China to increase by 30-40% from last year’s USD$4 billion sales figure. Cautious of the high valuations, Asia Pacific Managing Director Jay Lee said “We will continue to identify suitable opportunities, but must […]
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Suning Yigou Posts Strong Half Year Results with Wider Expansion
According to a report by Analysys International, a Beijing-based market research firm, Taobao, 360buy and Joyo (Amazon China) sit in the top of a Q2 2011 B2C transaction volume chart. While Suning Yigou, the online shopping initiative by the Chinese appliance franchise, unexpectedly replaced Dangdang coming in fourth on the same chart. Excellent Financial Results […]
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Ecommerce Outsourcer Yi-Inc Raised $20m in Series B;Tencent Leaks News About New B2C Platform;Pandora Coming To China Soon
1. Ecommerce Outsourcer Yi-Inc Raised $20m in Series B Yi-Inc, a Guangzhou-based ecommerce outsourcer that operates online shop for home appliance vendors including Philips, Midea and Galanz, announced raising $20m in Series B round of funding from Trust Bridge Partners, IDGVC and HongKong-based venture capital Big Profit. People would be no stranger to the official […]
