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Posted inWith Chinese Characteristics

VC Liu Bo: The future of second-hand luxuries in China

by Coco Gao Sep 26, 2019Sep 26, 2019

TechNode spoke to the general manager at TusStar Ventures, which invested in second-hand marketplace Ponhu-Luxury in 2015.

Posted inTurf Wars

Chinese second-hand car platform Renrenche denies bankruptcy rumors

by Jill Shen Feb 19, 2019Jun 8, 2020

Competition between China’s online used car sellers is increasing, as are public spats among players.

Posted inUp and Comers

Chinese second-hand car platform Uxin accuses rival of faking revenue data

by Jill Shen Feb 1, 2019Jun 8, 2020

This is not the first time Guazi has been accused of unfair competition and attempting to mislead the public.

food delivery meituan eleme alibaba courier
Posted inUp and Comers

Food delivery backlash, VCs snub e-commerce: Retailheads

by Emma Lee Sep 16, 2020Sep 29, 2020

Chinese food delivery giants draw public ire, Dianping’s symbolic retreat is made official; and VC interest in e-commerce wanes.

Uxin 58.com used car selling sales
Posted inUp and Comers

Used car seller Uxin suspends staff after slashing salaries

by Emma Lee Mar 2, 2020Mar 17, 2020

Struggling used car selling platform Uxin is cutting salaries and suspending employees to cut costs amid the Covid-19 outbreak.

Uxin 58.com used car selling sales
Posted inUp and Comers

Briefing: Uxin to receive $230 million through private convertible note deal

by Emma Lee May 29, 2019Jun 8, 2020

China’s second-hand car trading market has witnessed the rise of several top players include Uxin, Renrenche, Guazi, and Souche.

Posted inUp and Comers

Briefing: Alibaba-backed used goods platform Idle Fish investing in content

by Emma Lee Apr 12, 2019Jun 8, 2020

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

by Emma Lee Jul 1, 2019Jul 1, 2019

E-commerce players and specialized verticals such as used car platforms are operating their own auction platforms.

Posted inUp and Comers

Used car platform Uxin shares plunge after report urges ‘race to the exits’

by Jill Shen Apr 17, 2019Jun 8, 2020

Its stock price closed at almost one-tenth the value of its $10.49 peak price in December.

Uxin 58.com used car selling sales
Posted inUp and Comers

Briefing: Auto platform Uxin narrows losses on swelling used car sales

by Jill Shen Mar 14, 2019Jun 8, 2020

The company seeks to increase its focus on its retail business to improve lower-tier city penetration.

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