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 inHeavy Hitters
Two sessions 2022: 5 Chinese tech leaders weigh in
The annual meetings of the National People’s Congress (NPC) and the advisory Chinese People’s Political Consultative Conference (CPPCC) being held this week are most important for the windows they provide into the government’s economic targets and policy priorities in the coming year. But the so-called “two sessions” meetings also enable some top private enterprise executives who are […]
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
Briefing: Chinese iPhone users part of the country’s “invisible poor”
Users are buying older iPhones, such as the 6, 6S, and 6S Plus, as well as second-hand models.
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
Chinese drone maker DJI will soon see its in-car system in a mass-produced EV
The launch marks a first milestone for the world’s largest maker of consumer drones in its push into the Chinese EV space.
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.
