Chinese e-commerce behemoth JD officially released the “Paipai second-hand (拍拍二手)” brand, Chinese media 36kr is reporting. As the second-hand e-commerce market is growing bigger and seeing its arch-rival Alibaba’s second-hand e-commerce Xianyu is doing well in the sector, JD is making a move into the burgeoning but risky market. Paipai has built-in automatic valuation system to help […]
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Posted inUp and Comers
Food delivery backlash, VCs snub e-commerce: Retailheads
Chinese food delivery giants draw public ire, Dianping’s symbolic retreat is made official; and VC interest in e-commerce wanes.
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 inNews
Tencent bets on online flea market with $200m investment in Zhuan Zhuan
The decades-long rivalry between Tencent and Alibaba spans almost every hot tech vertical in China. It’s no exaggeration to say that where there’s Tencent, there’s Alibaba and vice versa. The competition between the two Chinese internet giants is now entering another field – second-hand goods trading market. According to the official announcement, Tencent has injected […]
Posted inViews
INSIGHTS | How monopolies rule the Chinese web
Tech monopolies in China aren’t a mirror image of Silicon Valley—rather than walled gardens, think competing fiefdoms and proxy wars.
Posted inViews
Beyond 996: a beginner’s guide to China big tech culture
There’s more to Big Tech cultures than 996. When you join, you pick a new name, and you might not be told who the bosses are.
Posted inWith Chinese Characteristics
We read the technical standards for China’s ‘health code.’ Here’s what we learned.
Standards for China’s health code system explain what data it’s collecting—and link it to a national system that could stick around long after the pandemic.
Posted inNews
Ex-Baidu Founder Shakes Hands With Tencent In $85M USD Renrenche Funding Boost
Used-car sales platform Renrenche has scooped $85 million USD in Series C funding from Tencent. The company, which was founded by a series of ex-Baidu employees, now has a valuation of $ 500 Million USD. Founded in April 2014, the company received $5 million USD series A funding from Redpoint Ventures and launched its services in July in Beijing, Guangzhou and […]
Posted inWith Chinese Characteristics
How China built its health surveillance system
Health code platforms allowed cities to end lockdowns, but growing surveillance from digitization and centralization of data has both citizens and experts worried.
Posted inNews
Meituan-Dianping raises $4B new fund, reflects heated proxy war of Tencent and Alibaba
Meituan-Dianping, China’s O2O and e-commerce platform, announced today that it has landed a $4 billion Series C round of financing led by Tencent. With the newly pocketed funds, the firm is expected to further expand its four core businesses: in-store dining, entertainment, on-demand delivery, and travel. Meituan-Dianping has a large scale of offerings, including food […]
