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 […]
Chinese second-hand car trading platform Uxin, more commonly known as Youxin in Chinese, is planning for an $800 million IPO in the US market, IFR has reported citing people familiar with the matter. The source added that the firm has already hired Goldman Sachs, JPMorgan Chase, and Morgan Stanley as the underwriters. Founded in 2011 […]
New York-listed 58.com (NYSE: WUBA), often described as China’s Craigslist, reported $382.8 million in total revenues for the second quarter, growing at a 33.3% year-on-year increase and exceeding the higher end of the company’s guidance. “A magical site” (一个神奇的网站), as its slogan claims, 58.com provides classifieds platforms in diverse categories, from second-hand goods, second-hand automobiles, recruitment to real estate, […]
China is a mobile-first country and the popularity of smartphones has also reflected one of its most vibrant internet industries: online shopping. China-based analysis firm Jiguang Data has published a new research report on the most popular e-commerce in 2017 charting the biggest players in the field. The report includes seven categories for online shopping […]
Meituan becomes the latest Chinese tech major to begin large-scale layoffs. Companies are replacing veteran employees with cheaper new hands.
In the second half 2017, Chinese laptop maker Lenovo showed 20.2% market share, a year-on-year drop of 4.9%, while the market leader HP showed considerable growth, driving the overall performance of notebook shipments beyond previous expectation, market research firm TrendForce is reporting. For 2018, the market share of the top six brands is expected to […]
Founder and president of Huawei Ren Zhengfei recently visited Huawei’s Research Institute in Japan where he touched upon the relationship with its rival Apple, Chinese media has reported. Speaking of Apple, Ren said that Apple has opened up three eras: the first one was introducing the first PC, the second was Apple’s image processing technology, […]
Shenma, the mobile search unit of Alibaba has filed a lawsuit against Sogou for traffic hijacking, local media has reported (in Chinese).
Baidu just announced the second version of its Apollo open-source autonomous driving platform at CES (Consumer Electronics Show) today in Las Vegas. The Apollo program was launched as an open-source platform for other automakers to develop their self-driving systems and help accelerate the development self-driving technologies. Baidu released the second version of Apollo soon after […]
Alibaba is the world’s leading enterprise for the number of patents published for blockchain technology, with the Digital Currency Research Institute of the People’s Bank of China (PBoC) in third place, according to a report by IPRdaily, a Chinese site dedicated to IP news, and incoPat, an innovation research indexing center. The report (in Chinese) […]