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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How Tiger Fund Hunts Techie Pandas
Nov. 21st , YY Inc. priced its 7.8 million share IPO in Nasdaq at $10.50 and began trading on that day. In 2011, Tiger invested $76m in YY, and now the value was almost halved to approximately $40.27m. Since 2003, Tiger Fund has started sowing seeds in China tech industry, with ecomm being its main […]
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Dangdang Launches Pinterest-ish Service
Finally it’s Dangdang’s turn to do so, the Chinese B2C site reportedly just launched a new service dubbed Dangdang Share to tap into the Pinterest fever over here. Over the course of past few months, we’ve seen numerous new startups doing Pinterest or big companies making similar service on top of existing offerings, like Taobao […]
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The Bloody Price War Starts At 9am Today, 360Buy Vs. Suning/Gome/DangDang/51Buy
Believe or not, starting at 9am today (15th August, 2012), several major B2C sites will cut down the price of all home appliance, and everyone promises they will offer the cheapest price. In the bloody price ware, one side is 360buy, and the other is the union of Suning, Gome, DangDang and 51buy.
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U.S. Black Friday Versus Chinese Double-Eleven Day
Black Friday, the kick off to the holiday season for brick-and-mortar retailers, has been envied, and then been borrowed and repainted into the Cyber Monday by U.S. etailers. Black Friday in this year recorded more than US$ 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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Jiuxian Taking over Dangdang Wine Business
China’s Dangdang announced today that Jiuxian.com has taken over the NYSE-listed company’s wine e-tailing business, a move highlighting that DangDang is taking another step forward into its B2C open platform strategy. Prior to the teaming-up, DangDang has introduced Letao (shoe vertical), Gome (3C) and Moonbasa (apparel) into its open platform. Founded in September 2010, Jiuxian.com […]
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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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Rumor: Dangdang to Launch Proprietary Apparel?
Dangdang, the leading Chinese online bookstore turned general etailer is said to launch its proprietary apparel brand in next month, according to Mahui, General Manger of Beijing-based underclothes manufacturer TopNew Group. Ma said that Dangdang has contracted with the company to design and produce Dangdang-branded clothes, like Dangdang Kids for children. Li Guoqing, co-founder and […]
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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 […]
