Aihuishou, a Chinese electronics resale platform backed by JD.com, filed an application for an IPO on the New York stock exchange on Friday.
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Posted inHeavy Hitters
Idle Fish used goods platform adds LBS to boost social buying
Alibaba-owned second-hand goods marketplace Idle Fish boasts 1.3 million interest-based communities, a key sales driver.
Posted inUp and Comers
Briefing: Alibaba-backed used goods platform Idle Fish investing in content
The used goods resale sector has had its share of problems including counterfeit goods, merchandise quality, and even legal issues concerning the sale of endangered animals.
Posted inHeavy Hitters
Briefing: Alibaba’s e-auction unit sales exceeded RMB 500 billion in 2018
E-commerce players and specialized verticals such as used car platforms are operating their own auction platforms.
Posted inHeavy Hitters
Alibaba eyes lower-tier, overseas markets to power Singles Day growth
More than 500 million users are expected to participate in this year’s promotion.
Posted inHeavy Hitters
JD.com merges used goods platform Paipai with Aihuishou in recycling push
The new entity will expand into used book and home appliance sales.
Posted inHeavy Hitters
Meituan begins job cuts to lower costs: report
Meituan becomes the latest Chinese tech major to begin large-scale layoffs. Companies are replacing veteran employees with cheaper new hands.
Posted inHeavy Hitters
Briefing: JD.com to accelerate expansion to lower-tier cities in 2019
Lower-tier cities represent a new opportunity for Chinese e-commerce giants like JD.com and Alibaba.
Posted inHeavy Hitters
Alibaba doubles quarterly net profit thanks to e-commerce and cloud
Alibaba revenue surges 42% on the year in the quarter ended June 30.
