Tainiqi Zhu admits that the Chinese market might not be ready for second-hand clothing, but he’s willing to make a bet on its potential. “In mainland China, there’s a problem of trust and communication,” says Mr. Zhu. “And even after you convince someone, you still have to negotiate the price. There’s a huge culture of bargaining.” Mr. […]
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[Discover China’s Next BAT] 8 rising stars, part 2
This is the fourth post in our series: Discover China’s Next BAT, where we will go over the potential tech giants that are leading China’s IT industry. Stay tuned over the coming month to keep updated on the next ‘BAT.’ iiMedia Research Group, a leading research institute in China, has released a list of leading mobile internet companies based on the […]
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Four strategies of China’s top 10 e-commerce apps
Pushing advertisement online and offline has been the typical strategy of China’s e-commerce giants to bring in customers, explaining why e-commerce sector is one of the toughest battlegrounds for freshly born startups since they have little money to spend on advertising. However, the trend is changing. As startups like Bolome, combining live streaming into cross-border […]
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LUXSENS uses machine learning to find the best price for luxury bags
It’s hard to be the smartest shopper paying the right price for items. When considering to buy a luxury item, there are millions of merchant stores in the world, both online and offline and fragmented data points about the price. A Shanghai-based company is appealing to price-savvy customers who want to purchase luxury items at the lowest price […]
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Five unicorns coming from China’s emerging verticals
The word “unicorn” was first coined by Aileen Lee of Cowboy Ventures in 2013 to refer to startups valued at $1 billion by private or public markets. They were supposed to a select group of rare and mythical creatures. Since then, however, it has expanded quickly with Chinese companies providing their fair share. Here we […]
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Taiwan VR Real Estate Company iStaging Seals $5M To Fuel International Expansion
Taiwan-based virtual and augmented reality company iStaging has sealed a $5 million USD pre-A funding round led by WI Harper with participation from Taya Venture Capital, one of a consortium of venture capital firms working with the Taiwan National Development Fund. The company is a promising addition to a number of startups that cater to real estate agents and furniture makers […]
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And the ChinaBang 2017 Awards go to …
It’s that time of the year again: the festive weekend for Chinese techies, startup entrepreneurs and investors alike. ChinaBang Awards, an annual ceremony recognizing the best startups in China, is on the go. To continue last year’s initiative in finding out the amazing startups nationwide- not just 1st tier cities, this year’s ChinaBang Award ceremony […]
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Smartphone Upcycling Gains Momentum In China As Users Trade Phones Every 18 Months
If you are one of those hardware fans who’s always itching to get the latest device whenever there’s a new update, you’ll probably have one of those junk drawers spewing out tentacles of wires and gadgets that are covered in dust. Among them, a bunch of old smartphones — sound familiar? That’s exactly the case with many Chinese citizens […]
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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 […]
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Real Estate Platform Fangdd Announces Funding As China Eases Real Estate Bans
Fangdd, a popular Chinese real-estate platform announced they had closed a series C funding of $223 million USD led by Fountainvest Partners this July. The company announced series B funding of $80 million USD just two months ago from Vision Knight Capital China Fund, Lightspeed China Partners, and CDH Venture Partners. The Chinese government has recently eased restrictions on owning multiple […]
