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Posted inNews

Dangdang EBook Service Goes Online Today

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 […]

Posted inNews

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 […]

Posted inNews

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 […]

Posted inNews

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 […]

Posted inNews

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 […]

Posted inNews

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 […]

Posted inNews

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 […]

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