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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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 […]
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Used Car Trading Platform Youxin Lands US$170M Round Led by Baidu
Chinese used car trading platform Youxin has reportedly secured US$170 million of Series C funding from Baidu, KKR and Coatue, just six months after receiving a whopping US$260 million B round led by Warburg Pincus and Tiger Fund. A US$30 million Series A funding was raised from Legend Capital, DCM, Bertelsmann Asia Investments and Tencent in 2013. Founded […]
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Car Maintenance B2C Platform Tuhu Completes $100M USD Series C Funding
Shanghai-based Lantu Information Technology, operator of car maintenance B2C platform Tuhu, has raked in nearly $100 USD in series C funding from Joy Capital, Welkin, Far East Horizon and Haitong. Existing investors, Legend Capital and Qiming Venture Partners, also participated. The investment is earmarked for team, technology and offline expansion in a bid to maintain sustainable […]
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China’s Craglist 58.com To Invest 100 O2O Startups: Here’s the List… So Far
Chinese local listing site 58.com, which Tencent holds a stake in, is among the most active investor and acquirer of Chinese internet startups this year in an attempt to drive its O2O initiative. A total of $1.5 billion USD funding was injected in various projects since the beginning of this year, said 58.com Chief Strategy Officer Chen Xiaohua […]
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Xiaomi Could Now Be Your Next Mobile Carrier
Diversifications seems to be the buzz word down at the Xiaomi office these days, with the Chinese smartphone giant looking into almost any potential revenue stream to stave off woes over a slowing smartphone market. Their latest venture? Becoming a mobile operator. Right off the back of the Mi 4c launch, the company has released […]
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Meizu Blue Charm 2 Review: The Best Chinese Smartphone Under $100
Two months ago, Chinese smartphone trailblazer and pioneer Meizu introduced another member of its budget smartphone line, the Blue Charm 2. This 599 yuan Blue Charm 1 successor is claimed to be the “Nokia 1110 of the smartphone generation“, which is an alternative way of saying: cheap, sturdy, functional, and loyal to its master. I really […]
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Review – The OnePlus 2 China Model: A Solid Design
OnePlus, the 2014 Crunchies Startup nominee, has just released a successor to its popular “niche” smartphone OnePlus One; the OnePlus 2. Being in the market (or in the invitation letters) for 14 months, OnePlus 1 has received quite positive feedback from the media and the the fan community – and is equipped with CyanogenMod, one of the […]
